New York-based venture capital company, Archetype, raised $ 100 million for its third fund to support Blockchain startups at the start of the stadium, said the firm.
The fund, called Archetype III, is supported by a mixture of existing and new institutional investors, including pensions, academic allocations, sovereign funds and fund funds.
“The management of a concentrated fund of $ 100 million allows us to be extremely selective and of high conviction with each team,” said Ash Egan, founder and general partner of Archetype, in Coindesk in an email. “We operate with a single objective – to ensure that cryptographic teams are positioned to win by creating deep relations with founders in a way that the mega funds cannot structural.”
Archetype has a history of early Paris that have borne fruit. Privy, a crypto portfolio startup in its portfolio, was acquired by Stripe earlier this year.
Another investment, US Bitcoin Corp, finished a merger with Hut 8, a decision that brought the company into a joint venture linked to the American Bitcoin project by Eric Trump.
The company currently manages around $ 350 million in assets, including important issues in Solana and Ethereum, according to the document.
Although specific investments in the new fund have not been disclosed, Archetype said that several transactions had already been concluded. The company plans to focus on the founders of the construction of real use cases which could bring the crypto to broader consumer markets.
Egan, commenting on potential obstacles, always retaining the adoption of cryptocurrencies, told Coindesk that there was “no miracle solution for the adoption of traditional crypto, but the end of the game is to deliver products that are parity with their web2 alternatives while making them better aligned with users and creators.”
However, he added, the company works “on the shoulder in the shoulder with our founders, we spend hours studying how new behaviors and technologies can be wrapped in the best experiences for everyday users.”
Update (September 23, 2025, 19:17 UTC): This article was updated with the comments of ASH Egan, founder and general partner of Archetype.
