With 10 million views, XR Karate Combat raises $18 million from UAE’s Cypher Capital - Intelligent CIO Middle East
With 10 million views, XR Karate Combat raises $18 million from UAE’s Cypher Capital

With 10 million views, XR Karate Combat raises $18 million from UAE’s Cypher Capital

Karate Combat, a live-action full-contact martial arts sports league, announced an $18 million dollar funding round led by BITKRAFT Ventures and Cypher Capital. Karate Combat is the world’s premier full contact striking league, blending the excitement of live-action, full-contact Karate with immersive CGI environments powered by the Epic Games Unreal gaming and virtual production engine.

Olympic medallists and national champions from around the world are just some of the elite black belts invited to compete in eight different weight divisions in pursuit of a Karate Combat World Championship.

Additional participants included Alpha Wave Global, Delphi Digital, The Operating Group, Hashkey, Lattice, M13, Santiago R Santos, RooxieXBT and others. Prior investors include the League’s founders, Packy McCormick’s Not Boring Capital, and Keyboard Monkey. The funding will be used to support the launch of the Karate Combat App and $KARATE token.

“This might be one of the most innovative projects I have seen in Web3 today” said Bill Qian, Chairman of Cypher Capital. “Creating a harmony between this incredible combat sport, augmented reality, and the best parts of web3 is like nothing else we have ever seen. We are fascinated to see what comes next and we are proud to support in any way we can.”

The league is streamed and broadcast to over 100 countries worldwide. Karate Combat is owned by the Sensei Foundation, a Cayman Islands Foundation Company, and a subsidiary of Sensei Foundation BVI, a trust established in the British Virgin Islands.

Cypher Capital is a multi-strategy crypto investment firm based in the UAE, covering venture capital, public markets, nodes, mining. Working alongside globally acclaimed Web 3.0 founders, not limited to only financial capital investment, it also leverages global relationships and industry expertise to ensure long-term success.

Cypher Capital invests in companies building their businesses at the blockchain protocol and infrastructure level. This could include exchanges and asset transfer protocols, stable coins, smart contract platforms, digital currencies, and utility tokens for high growth industries. By seeking legal advice from the best legal parties, it creates a tailor-made legal framework that is fully compliant with current regulations.

Cypher Capital offers efficient and complete market access in the Middle East and Africa region and builds ground partnerships with start-ups and helps them establish relationships with other influential companies in the Middle East, Africa, Turkey, and India. It supports start-ups that intend to expand in these regions in terms of headcount and infrastructure.

By XR technology, Karate Combat can transport viewers into a virtual world where they can experience the excitement of martial arts in a way that was never possible. Its live broadcasts mark the first time a sports league has blended extensive real-time virtual effects with real-life athletics.

Click below to share this article

Browse our latest issue

Intelligent CIO Middle East

View Magazine Archive