TLDR:
Theta Capital has launched its fourth blockchain-focused fund of funds, Theta Blockchain Ventures IV, with a target of $200mn in commitments. The firm has deployed over $650mn across its range of blockchain funds to date.
Summary:
Netherlands-based Theta Capital has announced the launch of Theta Blockchain Ventures IV, its fourth blockchain-focused fund of funds. The firm has invested over $650mn across various blockchain funds and has supported numerous companies and protocols from their early stages through its network of specialized venture capital firms. The Chief Investment Officer, Ruud Smets, believes that there is a significant investment opportunity in the future of blockchain infrastructure, as the industry enters its fifth price-innovation cycle.
The first close for the fund is set for April 1st, 2024, with Theta aiming for a total of $200mn in commitments. Subsequent monthly closings will lead up to an expected final close on July 1st, 2024. The launch of this new fund reflects Theta Capital’s confidence in the potential growth and development of the blockchain sector.
Overall, Theta Capital’s latest fund of funds signifies their continued commitment to investing in blockchain technology and supporting innovation in the industry. With a strong track record of investments and a strategic approach to backing promising companies and protocols, Theta Capital is well-positioned to capitalize on the evolving landscape of blockchain infrastructure.
