Cryptocurrency venture capital firm Archetype's third fund raises $100 million

ChainCatcher news, the crypto venture capital firm Archetype announced the raising of $100 million for its third fund, which will focus on supporting early seed round financing for blockchain companies.

It is reported that Archetype raised its first fund of $55 million in 2021, followed by a second fund of $155 million in 2022, during the peak of the last cryptocurrency bull market. Although Archetype's third fund is smaller, at only $100 million, Egan stated that choosing the right supporters (i.e., limited partners) was a well-considered decision, and only one new LP was brought in.