New York–based venture capital firm Archetype has closed its third fund, Archetype III, raising over $100 million in commitments to invest in the next generation of crypto companies.
Founded by Ash Egan, Archetype has positioned itself as a dedicated backer of blockchain and decentralized technology ventures since its inception.
With this new fund, the firm plans to target early-stage projects across the crypto ecosystem, spanning infrastructure, developer tools, and consumer-facing applications.
The latest close comes amid a complex backdrop for the digital assets sector. While volatility in token markets and regulatory scrutiny in the U.S. have tempered enthusiasm in some corners, venture activity in crypto infrastructure and Web3 tooling continues to attract investor interest.
Archetype’s decision to raise a nine-figure fund underscores continued confidence that the sector is entering a new phase of development beyond speculative cycles.
“Fund III allows us to double down on founders building enduring platforms in the crypto economy,” said Archetype in its announcement.
The firm’s previous investments include projects in decentralized finance (DeFi), digital identity, and blockchain scalability. They’re areas seen as critical to broader adoption.
The New York–York-headquartered firm joins a select group of crypto-focused investors still deploying significant capital into early-stage ventures, even as overall funding in the sector has slowed from its 2021 peak.
According to industry data, global venture funding in crypto and blockchain startups fell in 2023 but has shown signs of stabilization in 2024.
With Archetype III, the firm is positioning itself to capture opportunities in what many see as a consolidation phase for Web3. Investors and founders alike will be watching whether Archetype’s bets help catalyze the sector’s next wave of growth.