The Risk Capital firm based in New York Archetype has raised $ 100 million for its third fund for the new blockchain companies in the initial stage, said the firm.
The fund, called Archetype III, is backed by a combination of existing and new institutional investors, including pensions, academic endowments, sovereign wealth funds and funds.
“Executing a concentrated fund of $ 100 million allows us to be extremely selective and high -condemnation with each team,” said Ash Egan, founder and general partner of Archetype, to Coendesk in an email. “We operate with a single objective: to ensure that encryption equipment is positioned to win by building a deep relationship with the founders in a way that the funds of mega structurally cannot”.
Archetype has an early betting history that was worth it. Privy, a cryptographic wallet startup in its portfolio, was acquired by Stripe earlier this year.
Another investment, Us Bitcoin Corp, completed a fusion with Hut 8, a measure that led the company to a joint business linked to the American Bitcoin project of Eric Trump.
The company currently manages around $ 350 million in assets, including considerable shares in Solana and Ethereum, according to the document.
While no specific investments of the new fund have been revealed, Archetype said that several agreements have already been made. The firm plans to focus on the founders who build real world use cases that can carry cryptography to broader consumer markets.
Egan, commenting for possible barriers that still slow the adoption of cryptocurrencies, told Coindesk that “there is no silver bullet for conventional cryptographic adoption, but the final game is to deliver products that are to parity with their web2 alternatives while making them better aligned with users and creators.”
Even so, he added, the firm works on the shoulder with our founders, we spend hours at the end studying how new behaviors and technologies can pack in the best experiences for everyday users. “
Update (September 23, 2025, 19:17 UTC): This article has been updated with comments from Ash Egan, founder and general partner of Archetype.
