# Cypher Capital

> Cypher Capital is a VC fund in Dubai backing Blockchain, Cryptocurrency and Gaming. See 51 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Dubai, United Arab Emirates
- Total investments: 51
- Last investment: Mar 2025
- Lead investor: 22%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/cyphercapitalgroup
- Website: https://cyphercapital.com/

Cypher Capital is a web3 and blockchain venture capital investment firm.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.5M–$10M |
| Pre-Seed | $675k–$3.7M |
| Venture - Series Unknown | $3.7M–$150M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 20 | 39% |
| Cryptocurrency | 12 | 24% |
| Gaming | 8 | 16% |
| Information Technology | 7 | 14% |
| Web3 | 6 | 12% |

50 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 27 | 53% |
| Venture - Series Unknown | 6 | 12% |
| Pre-Seed | 5 | 10% |
| Series A | 5 | 10% |
| Funding Round | 3 | 6% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 10 | 20% |
| Singapore | 4 | 8% |
| United Arab Emirates | 4 | 8% |
| Spain | 2 | 4% |
| Canada | 1 | 2% |

12 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Biton | Biton is a full-chain ecology trading platform that offers services to simplify the trading process and mitigate cross-chain risks. | $20M | Venture - Series Unknown | Mar 10, 2025 |  |
| FanTV AI | FanTV, the leading AI Agent platform for next-gen Content Creation and backed by Multicoin Capital, is where AI meets Crypto on Sui, leading with over 8 million On-chain Users (80k Creators) and 27 million transactions, processing more than 1.2 million hours of AI-powered content monthly. As the largest platform for content creation across allchains, FanTV contributes to more than 22% of active wallets on Sui. | $3M | Series A | Feb 27, 2025 |  |
| BLIFE Protocol | BLIFE Protocol's objective is to promote growth and development of Web3 on Bitcoin. | $7M | Venture - Series Unknown | Dec 04, 2024 |  |
| SecondLive | SecondLive is a diversified metaverse focused on building social networks and supporting creator economic activities. | $12M | Seed | Sep 30, 2024 |  |
| Echelon | Echelon is a high-efficiency money market that allows users to borrow and lend assets via non-custodial pools, earning interest and increasing purchasing power through leverage. | $3.5M | Seed | Aug 27, 2024 |  |
| Kelp DAO | Kelp DAO is intended to provide liquidity to illiquid assets put on restaking platforms such as EigenLayer. | $9M | Initial Coin Offering | May 22, 2024 |  |
| Param Labs Inc | Param Labs is a startup that specializes in PC and mobile game development, AAA design, and unique technology development. | $7M | Seed | May 16, 2024 |  |
| Satoshi Protocol | Satoshi Protocol is the first stablecoin on bitcoin. It intends to support DeFi and make BTC more usable by providing a CDP-style stablecoin. | $2M | Seed | May 01, 2024 |  |
| CARV | CARV focused on gaming, enabling players with achievement display, semantic social, and access to gaming premiums. It was founded in 2022. | $10M | Series A | Apr 25, 2024 |  |
| Shiba Inu Coin | Shiba Inu Coin is an Internet Publishing Company. | $12M | Venture - Series Unknown | Apr 22, 2024 |  |

10 of 51 investments shown.

## Co-investors
- [Animoca Brands](https://shizune.co/investors/profile/animoca-brands-corporation) — VC Fund, 9 deals together
- [Cogitent Ventures](https://shizune.co/investors/profile/cogitent-ventures) — VC Fund, 6 deals together
- [DWF Labs](https://shizune.co/investors/profile/dwf-labs) — VC Fund, 6 deals together
- [HashKey Capital](https://shizune.co/investors/profile/hashkey-capital-9c60) — VC Fund, 5 deals together
- [Hercules Ventures](https://shizune.co/investors/profile/hercules-ventures) — VC Fund, 5 deals together
- [Illuminati Capital](https://shizune.co/investors/profile/illuminati-capital) — VC Fund, 5 deals together

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### Similar industry
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### Similar country
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## FAQ

### What does Cypher Capital invest in?

Cypher Capital invests primarily in Blockchain, Cryptocurrency and Gaming startups, most often at Seed and Venture - Series Unknown stage. Most of the 51 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Cypher Capital's check size?

Cypher Capital typically joins rounds of $1.5M–$10M at Seed, $675k–$3.7M at Pre-Seed and $3.7M–$150M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Cypher Capital participates in.

### When did Cypher Capital last invest?

The most recent investment recorded for Cypher Capital closed in Mar 2025. Shizune tracks 51 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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