Monday February 26th, 2024
Download SceneNow app
Copied

Dubai-Based VC Illuminati Capital Secures $50M to Back Web3 Startups

The firm's partners collectively possess experience in blockchain investments exceeding $1 billion.

John Bichara

Dubai-based venture capital firm Illuminati Capital has secured $50 million in funding to invest in early-stage blockchain startups. The firm's partners collectively possess experience in blockchain investments exceeding $1 billion, highlighting their track record in the industry.

Unlike traditional investment firms, Illuminati Capital intends to offer more than just financial backing, aiming to contribute to the development of the global Web3 landscape and advance decentralized technologies.

The team behind Illuminati Capital, composed of blockchain investors, angel investors, marketing experts, and other professionals, has deployed $30 million and achieved exits totaling $150 million. This diverse expertise allows the firm to provide tailored guidance and active involvement with the startups they support.

The investment focus encompasses various sectors including decentralized finance (DeFi), blockchain gaming, AI, NFT infrastructure, and real-world assets (RWA). The firm's connections and focus on Web3 companies backed by real-world assets create a strong foundation for portfolio companies to thrive. Illuminati Capital plans to actively contribute to its portfolio projects' growth by providing assistance in listings, exchanges, business development, PR, community building, and marketing strategy.