New York venture capital firm Archetype has secured $100 million for its third investment fund dedicated to supporting early-stage blockchain startups, according to the company's announcement.
The new fund, named Archetype III, received backing from a diverse group of institutional investors including pension funds, university endowments, sovereign wealth funds, and fund-of-funds vehicles.
Archetype has established a strong investment track record with several successful early-stage bets. Portfolio company Privy, a cryptocurrency wallet startup, was acquired by payment giant Stripe earlier this year.
Another notable investment, US Bitcoin Corp, recently completed a merger with Hut 8 Mining Corp, creating a joint venture connected to Eric Trump's American Bitcoin mining initiative.
The venture firm currently manages approximately $350 million in assets, including significant positions in major cryptocurrencies Solana (SOL) and Ethereum (ETH), as revealed in official documentation.
While specific investments from the new $100 million fund remain undisclosed, Archetype confirmed several deals have already been executed. The firm's investment strategy will prioritize founders developing practical blockchain applications with potential for mainstream consumer adoption.
CoinDesk attempted to obtain additional comments from Archetype representatives but hadn't received a response by publication deadline.