Archetype Raises $100M for Third Fund Targeting Blockchain Startups

Archetype, a New York-based venture capital firm, has raised $100 million for its third fund, Archetype III, targeting early-stage blockchain startups.
The fund is backed by a mix of institutional investors, including pensions, academic endowments, sovereign wealth funds, and funds of funds.
Archetype's past investments include Privy, acquired by Stripe, and US Bitcoin Corp, which merged with Hut 8.
The firm manages approximately $350 million in assets, with significant holdings in Solana and Ethereum.
Specific investments from the new fund have not been disclosed, but several deals are reportedly already made.
Archetype aims to support founders working on real-world use cases to expand crypto into broader consumer markets.