Archetype Closes $100M Crypto Fund

New York-based crypto venture firm Archetype has closed its third fund, Archetype III, at roughly $100 million with commitments from a mix of institutional investors — including pensions, endowments, sovereign wealth funds, funds of funds and family offices — and participation from Accolade Partners, TrueBridge Capital and Sapphire Ventures. The fund will back early-stage blockchain startups focused on on-chain infrastructure, decentralized finance, stablecoins, payments, onchain social networks, DePIN, mobile crypto apps and crypto-AI projects. Archetype, which manages about $350 million in assets, holds sizable positions in Solana and Ethereum and has early wins in portfolio companies such as Monad, Privy (acquired by Stripe this year), Farcaster, Relay, Ritual and US Bitcoin Corp (which merged with Hut 8). Founder and general partner Ash Egan said the $100 million vehicle was deliberately concentrated to enable selective, high-conviction investments and deeper founder relationships that larger mega-funds can’t structurally provide. The raise comes amid a more selective crypto VC market but reflects continued institutional interest and growing capital flows into Bitcoin DeFi, tokenization and stablecoin infrastructure.