Crypto VC Firm Archetype launches $ 100m fund to return to Blockchain early start
New York -based venture capital firm Archetype raised $ 100 million for a third fund aimed at supporting the startups of the early stages of blockchain, the firm Says.
The fund, called Archetype III, is supported by a mix of existing and new institutional investors, including pensions, academic endowments, wealth funds of sovereignty, and funding funds.
Archetype has a track record of early bet paying. Privy, a start of crypto wallet in its portfolio, is Stripe got it Earlier this year.
Another investment, US Bitcoin Corp, completed a combine with cube 8One step that brought the company to a joint adventure tied to Eric Trump’s American Bitcoin project.
The firm is currently in charge of around $ 350 million in properties, including large stakes in Solana and Ethereum, according to the document.
While specific investments from the new fund have not been disclosed, Archetype said many deals have been made. The firm plans to focus on founders who are building real-world use cases that can bring crypto to the wider consumer market.
CoinDesk has reached the archetype for comment but has not been heard by press time.
