New York-Based Crypto Firm Archetype Raises $100 Million for Third Fund to Capitalize on Blockchain Technology's Mainstream Breakthrough

Archetype, a crypto venture firm, has raised a $100 million fund for its third investment vehicle. The firm's founder, Ash Egan, believes that blockchain technology is on the verge of mainstream breakthrough and compares the current moment to "post-AOL, pre-Uber." Archetype has already had major wins out of its portfolio, including the acquisition of wallet provider Privy by Stripe and US Bitcoin Corp's reverse merger with Hut 8. The firm has around $350 million of assets under management.

New York-based crypto venture capital firm Archetype has successfully raised $100 million for its third fund, dubbed Archetype III. This fund aims to support early-stage blockchain startups, reflecting the firm's commitment to the rapidly evolving digital asset landscape Archetype raises over $100 million for latest crypto venture fund^[1].

Archetype, founded in 2021, has a track record of successful investments, including the acquisition of wallet provider Privy by Stripe and the reverse merger of US Bitcoin Corp with Hut 8. The firm currently manages around $350 million in assets, including significant stakes in Solana and Ethereum Crypto VC Firm Archetype Launches $100M Fund to Back Early Blockchain Startups^[2].

Ash Egan, the founder and General Partner of Archetype, believes that blockchain technology is on the cusp of a major breakthrough. He compares the current moment to "post-AOL, pre-Uber," indicating a period of significant innovation and growth. Egan emphasizes that the close of Archetype III reflects the persistent conviction of investors in the firm's team as stewards of capital Archetype raises over $100 million for latest crypto venture fund^[1].

The fund, which has already deployed capital across several yet-to-be-announced investments, is supported by a mix of existing and new institutional investors, including pensions, academic endowments, sovereign wealth funds, and funds of funds. Archetype plans to focus on founders building real-world use cases that could bring crypto to broader consumer markets Crypto VC Firm Archetype Launches $100M Fund to Back Early Blockchain Startups^[2].

This latest fund is a strategic choice for Archetype, allowing the firm to maintain a focused approach and bring on only one new limited partner. The firm's decision to raise a smaller fund reflects its commitment to quality over quantity, ensuring that each investment receives the attention it deserves Crypto VC Firm Archetype Launches $100M Fund to Back Early Blockchain Startups^[2].

Over $11 billion has been invested in digital asset firms so far this year, with the biggest story being the digital asset treasury (DAT) boom, which has seen firms raise over $20 billion Archetype raises over $100 million for latest crypto venture fund^[1].

In conclusion, Archetype's $100 million fund for Archetype III signals the firm's continued confidence in the blockchain sector and its commitment to nurturing early-stage startups. As the industry continues to evolve, Archetype's strategic approach and successful track record position it as a key player in the crypto venture capital landscape.