Theta Capital Raises $175M for Early-Stage Blockchain Venture Fund
Amsterdam-based THETA Capital Management has secured $175 million for its latest fund-of-funds vehicle, Theta Blockchain Ventures IV, targeting early-stage blockchain startups through specialized venture capital firms. The fund will allocate capital to crypto-native VCs with proven track records in blockchain innovation, according to managing partner Ruud Smets.
"Specialist managers consistently outperform generalists in seed and Series A rounds," Smets told Bloomberg, emphasizing the compounding advantages of focused crypto investors. The strategy builds on Theta’s thesis that niche expertise creates structural barriers for less dedicated players.