CMC News

#Archetype Closes $100M Fund for #Crypto Startups

Venture capital firm Archetype has secured over $100 million for its third fund targeting early-stage blockchain companies. The New York-based firm attracted backing from institutional investors including pensions, academic endowments, and sovereign wealth funds.

#VentureCapital fund Archetype III will deploy capital across stablecoins, payment solutions, and on-chain social networks. The firm also targets decentralized physical infrastructure networks and mobile applications built on crypto rails.

Archetype's portfolio includes successful investments in Monad, Privy, Farcaster, Relay, and Ritual. The firm focuses on companies building on-chain infrastructure, decentralized finance protocols, and emerging blockchain applications.

"Blockchains are becoming the commerce rails of the world," said Ash Egan, founder and general partner at Archetype. He expects crypto's breakthrough moment to emerge from high-performance on-chain infrastructure and creator tooling.

#CryptoAI represents another key investment area as artificial intelligence intersects with blockchain technology. The fund will support projects combining these technologies for innovative applications.

Archetype currently manages approximately $350 million in assets under management. The firm maintains significant positions in $SOL and $ETH alongside its startup investments.

Recent acquisitions demonstrate the fund's success, with portfolio company Privy being acquired by Stripe earlier this year. Another investment, US Bitcoin Corp, completed a merger with #Hut8 mining operations.