Amsterdam-based Theta Capital Management has raised over $175 million for its latest fund-of-funds, aimed at supporting early-stage blockchain startups through specialized venture capital (VC) firms.
The new vehicle, Theta Blockchain Ventures IV, will channel capital into crypto-native VC firms with a track record in backing blockchain innovation, Theta’s managing partner and chief investment officer Ruud Smets data-ct-non-breakable=”null” href=”https://www.bloomberg.com/news/articles/2025-05-21/theta-capital-secures-175-million-for-crypto-fund-investments” title=”null”>told Bloomberg.
Smets said the strategy focuses on specialist managers who can outperform generalist investors in the earliest funding…

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