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UAE Venture Capital firm raises $50 million to invest in Blockchain Web3 startups

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  UAE based Illuminati Capital has raised $50 million to invest in early-stage blockchain startups including game companies. According to the news, the Dubai based firm and its partners have individually invested in blockchain startups worth over $1 billion. Illuminati Capital aims to offer more than just financial support. The venture capital firm 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. Vickaash Agrawal partner at Illiminati Capital stated in an article in Venture Beats, “We are witnessing a remarkable growth trajectory in Web3 venture investing.   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.” Illuminati Capital’s investment focus spans multiple verticals, including