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New crypto VC Sigma Capital targets 100 million USD fund, with 40 million USD pre-committed

Founded by Vineet Budki, Sigma Capital aims to raise a fund worth 100 million USD, with 40 million USD already pre-committed from various investors, including crypto funds and HIGH-net-worth individuals. The first close is expected on June 30, with a final close anticipated in 18 months.

Sigma plans to allocate its investments with a strategy of 50% in early-stage startups, 40% in liquid tokens, and 10% in fund-of-funds over the next three years. The investment portfolio is set to include notable projects across DeFi, gaming, and blockchain infrastructure.

Budki envisions Sigma as a leading venture firm in the crypto space, drawing parallels to Sequoia or SoftBank. The firm emphasizes the importance of strong founders and strategic timing for investments to leverage favorable market conditions in crypto.

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