The US-based Tykhe Block Ventures, recently funded with a $30 million growth fund for blockchain projects, have allocated $10 million of that to startups in the Middle East and North Africa (MENA) region. This organization works under Heru Finance as a multifaceted asset that primarily invests in Web 3.0/Blockchain decentralization technology, such as digital assets and their essential mechanisms. To date, they have already put resources towards 25+ blockchain ventures, including dWalletLabs, Trust Machines, FanTiger, and RMRK—making them one of the most prolific investors in MENA blockchain endeavors so far.
Prashant Malik, the esteemed inventor of Apache Cassandra and one of South East Asia’s most successful angel investors with over 50 investments (eight having become unicorns), led this $30 million Blockchain Growth Fund. According to their latest LinkedIn post, the company is delighted at achieving its first close for this fund.
Tykhe is establishing an office in Dubai, UAE, and preparing to launch a $100 million fund near the end of 2023. Established by tech investor…