New York-based venture capital firm Archetype has raised $100 million for its third fund aimed at backing early-stage blockchain startups, the firm said.

The fund, called Archetype III, is supported by a mix of existing and new institutional investors, including pensions, academic endowments, sovereign wealth funds, and funds of funds.

Archetype has a track record of early bets that paid off. Privy, a crypto wallet startup in its portfolio, was acquired by Stripe earlier this year.

Another investment, US Bitcoin Corp, completed a merger with Hut 8, a move that brought the company into a joint venture tied to Eric Trump’s American Bitcoin project.

The firm currently manages around $350 million in assets, including sizable stakes in Solana and Ethereum, according to the document.

While

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