Crypto venture capital firm Archetype announced it has raised over $100 million in total capital commitments for its third fund, Archetype III.
The new fund is supported by institutional investors including pensions, academic endowments, funds of funds, sovereign wealth funds, and family offices, the company revealed in a press release on Tuesday.
Archetype’s funds have invested in crypto firms like Monad, Privy, Farcaster, Relay, and Ritual. The company focuses on early-stage startups developing onchain infrastructure, decentralized finance (DeFi), and innovative blockchain applications.
The capital will be allocated to projects aimed at stablecoins, payment solutions, onchain social networks, decentralized physical infrastructure networks (DePIN), mobile apps utilizing crypto, and crypto AI.
“Blockchains are transforming into the commerce rails of the world, and crypto’s ChatGPT moment is poised to happen atop distinctly capable onchain infrastructure and a dynamic new class of creator tooling,” stated Ash Egan, founder and general partner at Archetype, in the release.
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Investors favor established models
Venture capital’s engagement in crypto has yielded mixed outcomes. In May, crypto venture activity dipped to its lowest deal count in over four years, with only 62 rounds completed, despite those raises totaling over $909 million.
This selectivity has permeated the broader market, as companies are moving away from pre-seed investments and memecoin crazes of the 2021 bull market towards ventures with established business models and reliable revenue.
As Cointelegraph reported in July, interest in Bitcoin-centered projects surged, with the budding Bitcoin DeFi sector attracting $175 million across 32 deals in the first half of 2025.
Simultaneously, venture funds directed capital towards tokenization and stablecoin infrastructure. Notable deals included $28 million for Stable, a Tether-focused blockchain enhancing USDt payments, and $22 million for Spiko, a French fintech providing tokenized money market funds.
Inveniam Capital, a developer of decentralized data infrastructure, also invested $20 million in the layer-1 blockchain Mantra to aid in bringing institutional real-world assets (RWAs) onto the network.
Venture capital investment in crypto reached $10.03 billion in the second quarter of 2025, the highest level since Q1 2022 when it was $16.64 billion.
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