Sipher is a blockchain-powered gaming studio based in Vietnam. The firm focuses on investing in early-stage companies, primarily participating in seed and Series A rounds across various sectors including blockchain, gaming, fintech, and Web3 technologies. Sipher's investment portfolio spans a wide range of innovative startups in these emerging fields.
Notable portfolio companies include Immutable, a leading blockchain gaming platform, and Magic Eden, a popular NFT marketplace. Sipher's investments often target companies developing cutting-edge technologies in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain infrastructure. The firm's strategic approach aims to support and nurture promising projects in the rapidly evolving blockchain and gaming ecosystems.
Sipher - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Total Investments113
Current Portfolio Count96
Total Portfolio Exits3
Top Investment Stages
Seed63 (63.6%)
Series A16 (16.2%)
Series B9 (9.1%)
Series Unknown6 (6.1%)
Pre-Seed5 (5.1%)
Stage Mix
Seed 64%Series A 16%Series B 9%Series Unknown 6%Pre-Seed 5%
Concentration shown as share of disclosed investments by stage.
Sipher - Classification
- NAICS
- 520000Finance and Insurance
- 522000Credit Intermediation and Related Activities
- 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- 522300Activities Related to Credit Intermediation
- 523900Other Financial Investment Activities
- 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
- 523990All Other Financial Investment Activities
- 523999Miscellaneous Financial Investment Activities
- SIC
- 6000Depository Institutions
- 6700Holding And Other Investment Offices
- 6090Functions Related To Depository Banking
- 6790Miscellaneous Investing
- 6099Functions Related To Depository Banking, Not Elsewhere Classified
- 6799Investors, Not Elsewhere Classified
Show 20 more industry codes
- NAICS
- 513200Software Publishers
- 540000Professional, Scientific, and Technical Services
- 510000Information
- 513000Publishing Industries
- 525000Funds, Trusts, and Other Financial Vehicles
- 541000Professional, Scientific, and Technical Services
- 513210Software Publishers
- 523910Miscellaneous Intermediation
- 523940Portfolio Management and Investment Advice
- SIC
- 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
- 7300Business Services
- 8700Engineering, Accounting, Research, Management, And Related Services
- 6280Services Allied With The Exchange Of Securities Or Commodities
- 6720Investment Offices
- 7370Computer Programming, Data Processing, And Other Computer Related
- 8740Management And Public Relations Services
- 6282Investment Advice
- 6722Management Investment Offices, Open-end
- 7372Prepackaged Software
- 8742Management Consulting Services