Bitcoin News Today: Scenius Capital Raises $20M for Emerging Crypto VC Fund of Funds

Generated by AI AgentCoin World
Thursday, Aug 7, 2025 10:07 am ET1min read
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Aime RobotAime Summary

- Scenius Capital raised $20M for a fund targeting emerging crypto VC managers with niche expertise, despite 2024-2025 fundraising challenges.

- Strategic investment from ParaFi and undisclosed crypto-native LPs highlights market trust in Scenius’ execution and integrity.

- The firm emphasizes Bitcoin as a core asset, allocating to managers with BTC exposure amid evolving U.S. regulatory frameworks.

- Scenius’ strategy counters skepticism about crypto VC returns by backing early-stage managers to capture high-growth opportunities.

Scenius Capital has successfully raised $20 million for a new fund focused on emerging venture capital (VC) funds in the crypto space. The firm, which describes the raise as “slightly oversubscribed,” is emphasizing its strategy of backing early-stage VC managers with a clear edge in niche domains, geographies, or ecosystems [1]. Ben Jacobs, co-founder and managing partner, highlighted that this approach is expected to yield the best returns, despite the challenging fundraising environment in 2024 and 2025 [1]. Greg d’Incelli, another co-founder, noted that the successful closure of the fund reflects strong market recognition of Scenius’ integrity and quality of execution [1].

The fund’s strategy is rooted in supporting smaller, first-time or second-time VC managers, which Jacobs argues positions investors to capture high-growth opportunities in the crypto asset class. This strategy comes amid skepticism from some market observers who suggest crypto venture capital returns may be declining. However, Jacobs emphasized that many investors still see significant potential in the space and believe Scenius’ approach is the most effective way to allocate capital [1].

In addition to the fundraise, Scenius has secured a strategic stake from ParaFi, a well-established institutional player in the crypto space. Ben Forman, of ParaFi, praised Scenius for its leadership in the crypto fund of funds industry and its reputation for integrity. He added that ParaFi is excited to provide growth capital to help Scenius scale its operations and expand into new areas, such as token capital markets advisory [1].

Scenius is also supported by a number of crypto-native limited partners (LPs), though the firm has not disclosed specific names. Jacobs noted in a previous interview that

Bitcoin
is considered a core asset in the firm’s portfolio, with allocations to managers who hold BTC beta, trade around BTC with various instruments, or denominate their funds in BTC [1].

Scenius Capital and the broader crypto asset class, according to d’Incelli, are at a pivotal moment, with evolving regulatory frameworks—particularly in the U.S.—creating a more positive environment. The firm sees this as a key factor in attracting continued investment into early-stage crypto VC opportunities [1].

Source: [1] Scenius Capital raises $20M for new fund of emerging crypto VC funds (https://blockworks.co/news/scenius-capital-raises-20m)