Venture Capitalist (VC) firms are coming back to crypto, and Dutch investment firm, Theta Capital Management, has raised $175 million to prove this. Rather than investing directly in blockchain start-ups, the fund focuses on crypto-based venture capital firms. The fund, tagged Theta Blockchain Venture IV, is the fourth in a series that helps crypto-focused VC firms secure the backing they need to invest in blockchain startups. Source: Galaxy Theta Capital Targets Crypto-Focused VCs Theta Capital, founded in 2001, has actively participated in the crypto market since 2018. The Amsterdam-based investment firm currently manages over $1 billion in assets. The new investment fund reflects Theta’s belief that crypto-native VCs, companies with deep roots in crypto, are better equipped to spot early opportunities than generalist investors. According to Ruud Smets, Theta’s managing partner and chief investment officer, “Their (crypto-native VCs) early advantage and experience have compounded over time, making it hard for… Read More at Coingape.com
The post Theta Capital Completes $175 Million Fund to Support Crypto VCs appeared first on CoinGape.
