
Cypher Capital
Description
Cypher Capital is a prominent Dubai-based venture capital firm with a dedicated focus on the burgeoning Web3 and blockchain ecosystem. Established with a clear vision to support innovation in decentralized technologies, the firm has positioned itself as a key player in the Middle East's rapidly expanding digital asset landscape. Their investment strategy primarily targets early-stage projects, spanning from seed to Series A funding rounds, across various sectors including DeFi, GameFi, Metaverse, and core blockchain infrastructure.
The firm gained significant attention with the launch of its substantial $100 million Web3 and blockchain fund in early 2022. This considerable capital pool underscores Cypher Capital's commitment to nurturing promising startups and contributing to the global adoption of blockchain technology. With this fund, Cypher Capital typically deploys first checks ranging from $250,000 to $5 million, indicating a flexible approach to accommodate projects at different stages of their early growth. Beyond capital, the firm emphasizes providing strategic guidance, mentorship, and access to its extensive network within the crypto space, aiming to be a value-add investor.
Cypher Capital has rapidly built a diverse portfolio, boasting investments in over 50 projects since its inception. Their portfolio reflects a broad interest across the Web3 spectrum, including notable names in layer-1 protocols, decentralized applications, and gaming platforms. Operating from Dubai, a city actively promoting itself as a global hub for blockchain and digital assets, Cypher Capital benefits from a supportive regulatory environment and a growing talent pool. Their strategic location allows them to bridge opportunities between emerging markets and established global blockchain innovation centers, solidifying their reputation as a significant investor in the future of the internet.
Investor Profile
Cypher Capital has backed more than 48 startups, with 9 new investments in the last 12 months alone. The firm has led 3 rounds, about 6% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series Unknown, Pre Seed rounds (top funding stages).
- Majority of deals are located in United States, Singapore, United Arab Emirates.
- Strong thematic focus on Blockchain, Cryptocurrency, Web3.
- Typical check size: $250K – $5M.
Stage Focus
- Seed (65%)
- Series Unknown (13%)
- Pre Seed (10%)
- Series A (8%)
- Series B (2%)
- Initial Coin Offering (2%)
Country Focus
- United States (38%)
- Singapore (13%)
- United Arab Emirates (4%)
- United Kingdom (4%)
- Hong Kong (4%)
- Portugal (2%)
- Cayman Islands (2%)
- Canada (2%)
- South Africa (2%)
- The Netherlands (2%)
Industry Focus
- Blockchain
- Cryptocurrency
- Web3
- Gaming
- Bitcoin
- Information Technology
- Financial Services
- Online Games
- Finance
- Decentralized Finance (Defi)
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.