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Cypher Capital

Asia, Dubai, United Arab Emirates, Dubai

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)
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Cypher Capital frequently co-invest with?

CV
Europe, England, United Kingdom, London
Co-Investments: 8
OKX Ventures
Africa, Beau Vallon, Seychelles, Mahé
Co-Investments: 7
CMS Holdings
North America, New York, United States, New York
Co-Investments: 5
HashKey Capital
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 7
MH Ventures
Europe, England, United Kingdom, London
Co-Investments: 6
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 9
NewTribe Capital
Asia, Dubai, United Arab Emirates, Dubai
Co-Investments: 5
BB
North America, Florida, United States, Weston
Co-Investments: 5
Signum Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 5
PV
Europe, Castilla-La Mancha, Spain, Tórtola
Co-Investments: 5

Which angels does Cypher Capital often collaborate with?

Gabby Dizon
Asia, Rizal, Philippines, Pasig
Shared Deals: 2
D.
North America, Delaware, United States, Delaware City
Shared Deals: 3
Sandeep Nailwal
Asia, Indonesia
Shared Deals: 4
KG
North America, California, United States, San Francisco
Shared Deals: 2
GB
North America, California, United States, San Francisco
Shared Deals: 2
PT
North America, New York, United States, New York
Shared Deals: 3
Roy Bhasin
Asia, Dubai, United Arab Emirates
Shared Deals: 2
Alex Becker
Asia, Tokyo, Japan, Tokyo
Shared Deals: 1
DCF GOD
North America, California, United States
Shared Deals: 2

What are some of recent deals done by Cypher Capital?

Biton is a full-chain ecology trading platform that offers services to simplify the trading process and mitigate cross-chain risks.

BlockchainCryptocurrencyTrading Platform
Series UnknownMar 10, 2025
Amount Raised: $20,000,000
FanTV AI

Dubai, Dubai, United Arab Emirates

AI Agent platform for next-gen Content Creation

BlockchainInformation Technology
Series AFeb 27, 2025
Amount Raised: $3,000,000

BLIFE Protocol's objective is to promote growth and development of Web3 on Bitcoin.

BitcoinCryptocurrencyWeb3
Series UnknownDec 4, 2024
Amount Raised: $7,000,000

bitSmiley is a firm that provides full Bitcoin DeFi solutions, to fill the Bitcoin ecosystem's stablecoin and lend infrastructure gaps.

BitcoinBlockchain
Series UnknownOct 28, 2024
Amount Raised: $10,000,000

B² Network is a financial services company that offers bitcoin network and crypto assets with solutions in the settlement layer.

BitcoinBlockchainCryptocurrency
SeedOct 21, 2024
SecondLive

Hong Kong, Hong Kong Island, Hong Kong

SecondLive is a Metaverse platform for avatars, social interaction, and commerce.

Content CreatorsMetaverseVirtual Reality
SeedSep 30, 2024
Amount Raised: $12,000,000
Hemi Labs

New Castle, Delaware, United States

Hemi Labs is a blockchain platform provides scaling, security, and interoperability.

BitcoinBlockchainEthereumWeb3
SeedSep 18, 2024
Amount Raised: $15,000,000
Echelon

San Francisco, California, United States

Echelon is a high-efficiency money market that allows users to borrow and lend assets via non-custodial pools.

Financial Services
SeedAug 27, 2024
Amount Raised: $3,500,000
Wincast

New York, New York, United States

Wincast provides SaaS and AdTech solutions for interactive sports media experiences.

BlockchainDigital EntertainmentSportsVideo Streaming
SeedAug 1, 2024
Amount Raised: $5,000,000

Kelp DAO is intended to provide liquidity to illiquid assets put on restaking platforms such as EigenLayer.

Blockchain
Initial Coin OfferingMay 22, 2024
Amount Raised: $9,000,000