US based Tykhe Block Ventures to allocate $10 million USD to Blockchain start-ups in MENA
US based Tykhe Block Ventures which recently raises $30 million for its Blockchain growth fund is allocating $10 million of that to Blockchain and Web3 start-ups in MENA region. Tykhe Block Ventures (part of Heru Finance) is a blockchain-centric multi-strategy fund established in Wyoming, USA. The fund invests in ventures within the Web 3.0/ blockchain sector with a focus on decentralization technologies, digital assets, and their key enabling infrastructure. The fund has invested in 25+ blockchain projects including dWalletLabs, Trust Machines, FanTiger, and RMRK. The fund is led by Prashant Malik, well-regarded in the technology world as the Inventor of Cassandra (Now Apache Cassandra). He is also one of the top angel investors in SEA (50+ investments, 8 unicorns). As per their LinkedIn post the company states it is thrilled to announce the first close of our $30 Mn Blockchain Growth Fund. In addition, Tykhe is also in the process of setting up an office in Dubai UAE and