The UAE-based crypto VC fund Illuminati Capital announced it raised $50 million to invest in early-stage blockchain and Web3 gaming startups.

The multi-strategy crypto investment firm invests across a broad spectrum that includes venture capital, public markets, nodes, mining, and more. 

Illuminati Capital will focus on multiple verticals, including decentralized finance (DeFi), blockchain gaming, artificial intelligence, NFT infrastructure, and real-world assets (RWA). 

The firm and its partners have invested in blockchain startups worth over $1 billion.

The company aims to offer more than just financial support, as it is dedicated to building the global Web3 ecosystem and driving transformative shifts in decentralized technologies.

The team behind Illuminati Capital has collectively deployed $30 million, resulting in exits worth $150 million.

The partners include blockchain investors, marketing experts, and angel investors.

“We are witnessing a remarkable growth trajectory in Web3 venture investing,” said Vickaash Agrawal, partner at Illuminati Capital, in a statement. 

“With a track record of 120-plus successful blockchain investments in my investment portfolio, I will bring my expertise in data, infrastructure, regulation, and mining,” Agrawal noted.

“The possibilities of decentralized technology are endless,” said Dhaval Parikh, a partner at Illuminati Capital and blockchain investor with five-plus years of experience and a portfolio of leading Web3 high-end projects.

 “With a background in VC, I will focus on due diligence, risk assessment, portfolio management, and deal flow while analyzing industry trends and key ecosystem insights,” Parikh added.

“By leveraging our trusted network and industry know-how, we commit to building a solid foundation for long-term success,” added Laura K. Inamedinova, a partner at Illuminati Capital and CEO of LKI Consulting, in a statement. “As a marketing expert with a portfolio of 250+ Clients, I will advise projects on community building, branding, positioning, marketing strategy, and user acquisition securing early-stage growth,” Inamedinova added.