Illuminati Capital raises $50M for Web3 investments including games
Summary
Illuminati Capital has raised $50 million to invest in early-stage blockchain startups including game companies. The hope is to bring its partners wealth of experience and expertise to the rapidly evolving Web3 arena.The firm is based in Dubai and its partners have individually invested in blockchain startups worth over $1 billion, demonstrating impressive growth and valuation.Setting itself apart from traditional investment firms, Illuminati Capital aims to offer more than just financial support. By strategically investing in pioneering sectors, Illuminati Capital aims to play a pivotal role in shaping the decentralized economy of the future.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, in a statement. 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.The firms partnership connections, coupled with its focus on Web3 companies backed by real-world assets, position Illuminati Capital to help portfolio companies grow. Illuminati Capital will provide hands-on assistance with listings, exchanges, business development, public relations, key opinion leaders (KOLs), and more to drive the success of its portfolio projects.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.