Tykhe Blockchain has raised $30 million to invest in Web3 projects in the Middle East and North Africa.
Recently funded with a $30 million growth fund for Blockchain projects, Tykhe Block Ventures has allocated $10 million of it to startups in the MENA region.
Tykhe Blockchain Web3 Focuses on Different Regions in Project Investments
US-based Tykhe Block Ventures, which was recently funded with a $30 million growth fund for Blockchain projects, has allocated $10 million of it to startups in the Middle East and North Africa (MENA) region.
The firm operates under Heru Finance as a multi-faceted entity investing primarily in Web 3.0 and Blockchain decentralization technology, such as digital assets and their underlying mechanisms. To date, the company has invested in more than 25 Blockchain startups, including dWalletLabs, Trust Machines, FanTiger, and RMRK, making it one of the largest-ever fundraising investors in MENA Blockchain startups.
Prashant Malik, one of Southeast Asia’s most successful angel investors with over 50 investments, spearheaded this $30 million Blockchain Growth Fund.
