Theta Capital Aims for $200M in New Blockchain Fundraising Initiative
Theta Capital Management aims to raise $200 million through Theta Blockchain Ventures V, a new fund of funds.
- The fund plans to invest in up to 15 venture capital firms focusing on digital assets, targeting a net IRR of 25%.
- Based in Amsterdam, Theta Capital is recognized as an early blockchain adopter in the traditional finance sector, active since 2017.
- Previous collaborations include Coinfund, Pantera, Polychain Capital, Castle Island Ventures, and Dragonfly, with $1.2 billion in assets under management.
Investment Trends in Blockchain
- Theta's current initiative follows five previous rounds, totaling $860 million raised, with $600 million already allocated.
- The blockchain investment landscape is experiencing growth, with increased participation from both traditional finance and digital asset sectors.
- Anchorage Digital has also expanded into early-stage onchain protocols, reporting significant valuation growth and raising $487 million across funding rounds.