Crypto venture capital firm Archetype has secured more than $100 million in total commitments for its third investment vehicle, Archetype III.
According to the company’s announcement on Tuesday, the fund is backed by a mix of institutional investors, including pension funds, academic endowments, funds of funds, sovereign wealth funds, and family offices.
Archetype has previously invested in projects such as Monad, Privy, Farcaster, Relay, and Ritual, with a focus on early-stage startups developing on-chain infrastructure, decentralized finance (DeFi), and new blockchain applications.
The fresh capital will target ventures working on stablecoins, payment solutions, on-chain social platforms, decentralized physical infrastructure networks (DePIN), crypto-powered mobile apps, and crypto-AI initiatives.
“Blockchains are becoming the commerce rails of the world, and crypto’s ChatGPT moment is set to emerge atop uniquely performant onchain infrastructure and a powerful new class of creator tooling,”
Ash Egan, founder and general partner at Archetype.
Crypto Venture Capital Turns Selective
Venture capital’s move into crypto has delivered mixed results. In May, deal activity in the sector fell to its lowest point in more than four years, with only 62 funding rounds completed, though the raises still totaled $909 million.
This marks a shift from the pre-seed bets and memecoin craze of the 2021 bull run, as investors now favor projects with proven business models and predictable revenue.
As part of this trend, Inveniam Capital committed $20 million to layer-1 blockchain Mantra, supporting its push to bring institutional real-world assets (RWAs) onto the network.
