Odaily Planet Daily reported that Varys Capital plans to raise US$75 million for its equity venture capital fund centered on blockchain innovation. The fund will focus on start-ups in areas such as DeFi, CeFi, GameFi, Web3 infrastructure and other emerging technologies. company.
Darius Askaripour, managing partner of Varys Capital, said: “We are considering entering the UAE market, first encouraged by the local government’s supportive decrees, high levels of innovation, strong infrastructure and forward thinking, with plans to deploy in the Middle East and North Africa, with multiple The transaction is in the final stages of due diligence."
The fund has made five investments so far, including Move language infrastructure Movement Labs, game studio SunSpear Games, blockchain mobile operator Bloxtel, first-person shooter game producer Shrapnel and cloud hardware and software developer Nirvana Labs. (ZAWYA)