Archetype's $100M Fund: Building the "Pre-Uber" Backbone of Global Crypto Commerce

Source: [1] New York-focused crypto venture firm Archetype raises $100 (https://fortune.com/crypto/2025/09/23/new-york-focused-crypto-venture-firm-archetype-raises-100-million-for-third-fund/) [2] Crypto VC Firm Archetype Launches $100M Fund to Back Early (https://www.coindesk.com/business/2025/09/23/crypto-vc-firm-archetype-launches-usd100m-fund-to-back-early-blockchain-startups) [3] Archetype III (https://www.archetype.fund/media/archetype-iii) [4] Crypto VC firm Archetype raises $100 million for its third fund (https://www.mexc.com/en-TH/news/crypto-vc-firm-archetype-raises-100-million-for-its-third-fund/106427) [5] Archetype - CRYPTO fundraising (https://crypto-fundraising.info/funds/archetype/)

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New York-based crypto venture capital firm Archetype has closed a $100 million third fund, Archetype III, to invest in early-stage blockchain startups focused on on-chain infrastructure and stablecoins. The firm, known for backing companies like Privy (acquired by Stripe) and US Bitcoin Corp (merged with Hut 8), has raised a total of $350 million in assets under management since its inception. The new fund, slightly smaller than its prior $155 million fund raised in 2022, reflects a strategic shift toward selective capital deployment and long-term value creation.

Archetype’s investment thesis centers on blockchain’s potential to underpin global commerce, a vision articulated by founder Ash Egan as “post-AOL, pre-Uber” in its development phase. The firm has already allocated capital to projects such as Remix, a crypto and AI-powered game creation platform, and Altius, an interoperability infrastructure startup. Its portfolio includes liquid holdings in Solana and Ethereum, and the firm’s approach emphasizes supporting founder-led teams building consumer-focused applications.

The fund’s investor base includes pensions, endowments, and funds of funds, with Accolade Partners and TrueBridge Capital joining as limited partners. Archetype’s decision to raise a smaller fund aligns with its focus on quality over scale, as Egan noted in an interview with Fortune. The firm has returned $10 million to investors from its first fund, underscoring its long-term perspective.

Regulatory developments and institutional adoption are key tailwinds for the fund’s strategy. The U.S. Senate’s passage of the GENIUS Act in June 2025, which established a framework for stablecoin regulation, has bolstered confidence in the sector. Meanwhile, stablecoins like USDC and USDT processed $8.9 trillion in on-chain volume in H1 2025, according to the Stablecoin Industry Report. Archetype’s investments align with growing demand for digital assets in cross-border payments and decentralized finance (DeFi).

The firm’s track record highlights its ability to identify disruptive technologies. Privy’s acquisition by Stripe and Hut 8’s partnership with Eric Trump’s American Bitcoin project exemplify its success in scaling early-stage ventures. With Archetype III, the firm aims to accelerate innovation in on-chain infrastructure, positioning itself at the intersection of institutional capital and crypto-native innovation.

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