Crypto venture capital firm Archetype announced the close of its third fund, Archetype III, securing just over $100 million in capital commitments from existing and select new institutional investors. The firm will continue to focus on early‑stage startups building decentralized infrastructure and applications for the onchain economy.
$100M fund backed by institutional investors
The company said Fund III received commitments from a mix of funds of funds, pensions, academic endowments, sovereign wealth funds, and family offices. Archetype will continue its early‑stage strategy, supporting startups across stablecoins, payment rails, onchain social networks, decentralized physical infrastructure networks (DePIN), crypto AI, and modular blockchain protocols.
Founder and General Partner Ash Egan said in the announcement:
“Blockchains are becoming the commerce rails of the world, and crypto’s ChatGPT moment is set to emerge atop uniquely performant onchain infrastructure and a powerful new class of creator tooling. Archetype’s mission is to empower the founders that can propel crypto’s use cases to billions of users and invest in the crypto networks that will define the decades ahead.”
According to Egan, Archetype will remain concentrated, deploying capital selectively while keeping close engagement with its founders. Archetype confirmed it has already begun deploying Fund III into several stealth‑stage startups.
World-changing products come not from established institutions, but from visionary founders and fast-moving startups looking to challenge the status quo.
— Archetype (@archetypevc) September 23, 2025
We’re beyond excited to announce Archetype III today, a $100M fund dedicated to accelerating a founder-led future.
At… pic.twitter.com/xDs1cnXfxK
Notable portfolio and track record
Archetype’s existing portfolio includes Privy, Monad, Hut 8, Farcaster, Ritual, Relay, and Remix GG, among others. The firm has supported projects that span wallets, infrastructure, modular blockchains, social protocols, and decentralized compute tools.
In 2025, Privy, a crypto onboarding startup, was acquired by Stripe, while US Bitcoin Corp, another portfolio company, merged with miner Hut 8 in a deal tied to projects from Eric Trump’s American Bitcoin ventures.
The firm currently manages an estimated $350 million across its three funds.
Investor endorsements
Aram Verdiyan, Partner at Accolade Partners, said:
“Archetype is on an exciting growth trajectory, led by an investment team with a differentiated approach to venture investing in crypto – one that is concentrated, conviction‑led, and rooted in genuine partnership with founders.”
Andrew Keys, Co‑founder of The Ether Machine, noted:
“I’ve seen Ash bring exceptional insight and conviction to his practice since we both worked at Consensys in 2018, and I’m thrilled to continue supporting him as a third‑time LP in Archetype III.”
Tight market conditions for venture crypto funding
Archetype III’s close comes as crypto venture capital rebounded to $10.03 billion in Q2 2025, the highest since Q1 2022. However, deal volumes remain low. May 2025 saw just 62 completed rounds, the lightest monthly total in over four years despite $909M raised.
Investors have shifted away from pre‑seed bets and memecoin projects popular in the 2021 bull run in favor of ventures with proven business models and institutional applications.
- The Bitcoin DeFi sector raised $175M over 32 deals in the first half of 2025.
- Tokenization and stablecoins attracted significant funding, including $28M for Stable, a Tether‑focused blockchain, and $22M for French fintech Spiko to provide tokenized money market funds.
- Inveniam Capital committed $20M to layer‑1 Mantra to expand tokenized institutional assets.
Archetype’s positioning in New York
Founded in 2021 in New York City, Archetype has built a reputation as one of the city’s leading crypto VCs. The firm hosts in‑person events, research initiatives, and founder programs to strengthen NYC’s place as a hub for blockchain developers. Archetype describes its mission as helping position New York as “crypto’s Sand Hill Road” in the decades ahead.
Roman Zaika
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