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Archetype just reloaded. The early-stage crypto venture firm announced Tuesday it has secured over $100 million in capital commitments for its third fund, Archetype III—and says it’s already putting that money to work in yet-to-be-revealed deals.
What’s the Scoop?
- Fund III locked and loaded: Archetype says it’s already deploying capital from the new fund into a set of unannounced deals. Archetype closed its second fund in 2022 with $150 million in capital.
- Big-name LPs onboard: The new fund includes backing from pensions, academic endowments, sovereign wealth funds, and family offices, adding firepower to the firm’s long-term investment strategy.
- A track record of early bets: The firm’s past investments include Monad, Privy, Farcaster, Relay, Hut 8, and Ritual, as well as the Ethereum-focused digital asset treasury The Ether Machine.
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