Theta Capital Management has raised $175 million for a fund-of-funds targeting early-stage blockchain startups through top-tier crypto VC firms.
Amsterdam-based Theta Capital Management raised over $175 million for its latest fund-of-funds, aimed at supporting early-stage blockchain startups through specialized venture capital (VC) firms.
The new vehicle, Theta Blockchain Ventures IV, will channel capital into crypto-native VC firms with a track record of backing blockchain innovation, Theta’s managing partner and chief investment officer Ruud Smets told Bloomberg.
Smets said the strategy focuses on specialist managers who can outperform generalist investors in the earliest funding rounds.
