# Sipher

> Sipher is a VC fund in Ho Chi Minh City backing Gaming, Blockchain and Communities. See 2 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Location: Ho Chi Minh City, Vietnam
- Total investments: 2
- Last investment: Jan 2022
- Lead investor: 0%
- Last updated: Sep 2026
- LinkedIn: https://www.linkedin.com/company/sipherxyz/
- X (Twitter): https://twitter.com/Sipherxyz
- Website: https://sipher.xyz/
- Facebook: https://www.facebook.com/SIPHERxyz/

Sipher is a blockchain-powered gaming studio in Vietnam.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $181k–$4M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Gaming | 2 | 100% |
| Blockchain | 1 | 50% |
| Communities | 1 | 50% |
| Video Games | 1 | 50% |
| Online Games | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ancient8 | Ancient8 create a Decentralized Autonomous Organization (DAO) that develops a platform to enable everyone to play and build the metaverse while earning rewards. | $4M | Seed | Jan 19, 2022 |  |
| AAG Ventures | AAG Ventures is the IT business behind AAG, one of the fastest-growing Play-To-Earn guilds in the industry. | $181K | Seed | Dec 01, 2021 |  |

2 of 2 investments shown.

## Co-investors
- [Shima Capital](https://shizune.co/investors/profile/shima-capital) — VC Fund, 2 deals together
- [3twelve Capital](https://shizune.co/investors/profile/3twelve-capital) — VC Fund, 1 deal together
- [Alameda Research](https://shizune.co/investors/profile/alameda-research) — VC Fund, 1 deal together
- [Animoca Brands](https://shizune.co/investors/profile/animoca-brands-corporation) — VC Fund, 1 deal together
- [C2 Ventures](https://shizune.co/investors/profile/c2-ventures) — VC Fund, 1 deal together
- [Chromia](https://shizune.co/investors/profile/chromia) — VC Fund, 1 deal together

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### Similar country
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## Featured in investor lists
- [Video Games VC Funds in Singapore](https://shizune.co/investors/video-games-vc-funds-singapore)
- [Video Games Investors in Singapore](https://shizune.co/investors/video-games-investors-singapore)

## FAQ

### What does Sipher invest in?

Sipher invests primarily in Gaming, Blockchain and Communities startups, most often at Seed stage. Most of the 2 investments tracked by Shizune back companies in Singapore. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Sipher's check size?

Sipher typically joins rounds of $181k–$4M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Sipher participates in.

### When did Sipher last invest?

The most recent investment recorded for Sipher closed in Jan 2022. Shizune tracks 2 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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