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

Scenius Capital has successfully raised $20 million for a new fund aimed at investing in emerging crypto venture capital (VC) funds, marking a strategic step in the firm’s mission to support early-stage fund managers within the crypto asset space. Co-founder and managing partner Ben Jacobs described the round as “slightly oversubscribed,” highlighting the growing interest in a more niche and specialized investment strategy [1].

The firm’s approach centers on identifying early-stage fund managers who demonstrate expertise in specific areas such as geography, technology, or market dynamics. Jacobs emphasized that this strategy is expected to deliver strong returns for investors, noting, “We think that’s where the best returns will come from.” The timing of the raise is notable, as fundraising in the crypto VC sector has faced headwinds in 2024 and 2025, with several rounds falling short of expectations [1].

Scenius Capital’s commitment to integrity and quality has been reinforced by the participation of ParaFi, a respected institutional player in the crypto space, which has provided a strategic stake in the firm. ParaFi’s Ben Forman described Scenius as a leader in the crypto fund of funds space, with a strong reputation for both integrity and deep industry expertise. He added that ParaFi is eager to support Scenius’ expansion into new areas, including token capital markets advisory services [1].

Bitcoin plays a central role in Scenius’ investment strategy. Jacobs stated that Bitcoin is considered a core asset within the portfolio, with capital allocated to managers who either hold BTC beta, trade around BTC using various instruments, or denominate their funds in BTC. This reflects the firm’s belief in Bitcoin’s foundational role in the crypto ecosystem [1].

The firm has also attracted support from a number of crypto-native limited partners (LPs), although the identities of these LPs have not been disclosed. Jacobs acknowledged the skepticism present in the market, where some have suggested that crypto venture capital is no longer viable or that returns are expected to shrink. Nevertheless, many LPs remain optimistic about Scenius’ strategy, particularly its focus on first-time or second-time fund managers. “A lot of people still see a lot of value and opportunity,” Jacobs noted, adding that Scenius’ approach is seen as the most effective way to continue investing in crypto venture capital [1].

Despite the broader challenges in the fundraising environment, Scenius’ $20 million raise demonstrates the ongoing appetite for institutional-grade crypto investment strategies. The firm’s ability to secure a slightly oversubscribed round underscores its reputation and the confidence investors have in its long-term vision [1].

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