New York-based crypto venture capital firm Archetype has announced the closure of over $100 million in capital commitments for its third fund, Archetype III. The fund is backed by a consortium of institutional investors, including pensions, academic endowments, funds of funds, sovereign wealth funds, and family offices. Archetype currently manages approximately $350 million in assets across its portfolio.
The firm strategically maintained the $100 million fund size to remain focused and highly selective. "Running a concentrated $100M fund lets us be extremely selective and high-conviction with each team," said Ash Egan, founder and general partner at Archetype. The fund will target early-stage startups building onchain infrastructure, decentralized finance (DeFi) applications, stablecoins, payment solutions, onchain social networks, decentralized physical infrastructure networks (DePIN), mobile apps on crypto rails, crypto AI projects, and real-world asset tokenization initiatives.
Archetype has a proven track record with successful exits, such as wallet startup Privy, which was acquired by Stripe earlier this year, and US Bitcoin Corp, which merged with Hut 8. Its portfolio includes investments in companies like Monad, Farcaster, Relay, and Ritual, and it holds stakes in major cryptocurrencies including Solana (SOL) and Ethereum (ETH).
The announcement comes amid a resurgence in crypto venture funding, which reached $10.03 billion in Q2 2025—the highest level since Q1 2022. However, deal selectivity has increased, with only 62 rounds completed in May 2025 (totaling over $909 million), reflecting a shift toward proven business models over speculative bets. Bitcoin-focused projects, particularly in DeFi, raised $175 million across 32 deals in H1 2025, while tokenization and stablecoin infrastructure attracted significant capital.