CypherCapital Inaugrates $100 Million Blockchain Fund CypherCapital aims to invest 40 per cent of the seed fund on the emerging blockchain and crypto startups in India

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media.

Company

CypherCapital on Thursday announced the launch of one of the region's biggest seed funds. The $100 million seed fund will focus on investments in blockchain, crypto and other digital asset projects who have genuine value propositions. CypherCapital aims to invest 40 per cent of the seed fund on the emerging blockchain and crypto startups in India.

"This fund reflects our vision to be the leading global partner for projects in the blockchain, crypto and the digital asset community. We will collaborate closely with our portfolio projects, offering them access to our network and equipping them with our knowldge, as well as investing alongside other venture capital partners into innovative blockchain, crypto and digital asset projects," said Bijan Alizadeh, founder and general partner, CypherCapital.

According to Crunchbase data, pure venture funding—pre-seed, seed and all venture rounds— in the cryptocurrency space, is already at $3.4 billion after just the first two months of 2022. A PWC report revealed that $34 billion was raised by crypto companies globally in 2021.

"India has shown exceptional interest in Blockchain ecosystem building with Projects like Matic being developed by Indian founders like Sandeep Naliwal and hence holds special value for us. India with its 100 million crypto users is the next big market for crypto adoption and we believe in educating people on the use cases like defi lending and borrowing play to earn etc and handholding blockchain startups to build valuable companies," said Vineet Budki, managing partner, CypherCapital.

CypherCapital has already invested $1.5 million into Crypto Oasis Sentio, showcasing its belief that cooperating with other private venture capital funds builds the blockchain ecosystem. The VC firm has already invested in over 15 Indian blockchain startups like Safle, Solrazr, etc from its Fund one. Safle is a Next-Gen identity wallet and composite blockchain infra provider for the decentralized cryptoverse. Solrazr is the first decentralized developer ecosystem for Solana. CypherCapital will take an entrepreneurial approach to building its portfolio and will focus on seed funding and also taking stakes in other established blockchain funds as general partners and limited partners as part of its value proposition as well.

Saptak Bardhan

Former Trainee Writer

Former Trainee Writer
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business News

'I Want the Best People on Our Teams': Meta Is Laying Off More Than 3,000, CEO Mark Zuckerberg Calls for 'Extensive Performance-Based Cuts' — Read the Memo

In an internal memo shared on Tuesday, Zuckerberg said it's "going to be an intense year" at the company.

Side Hustle

'Hustling Since Middle School': She Started a Side Hustle on Facebook Marketplace — Then a 'Game-Changer' Grew It to $25,000 a Month

Leena Pettigrew's "entrepreneurial spirit" inspired her to build a business with earnings that outpaced her full-time income.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.

Business Culture

What Every Business Leader Can Learn From Dutch Bros' People-First Culture

The coffee chain is turning employees into owners of the customer experience.