Archetype’s $100 Million Fund Paves the Way for a New Age of Blockchain Commerce

Archetype, a venture capital firm based in New York that focuses on early-stage blockchain and decentralized tech startups, has wrapped up its third fund, Archetype III, securing over $100 million in commitments from institutional investors *Fortune* [ 1 ]. Since its founding in 2021, the firm previously raised $55 million and $155 million for its first two funds, taking advantage of the crypto sector’s recurring bull runs Archetype Media Release [ 2 ]. This newest fund, which is smaller than its predecessors, marks a deliberate move to bring in high-conviction limited partners (LPs), with only a single new LP joining this round *BusinessWire* [ 3 ]. Institutional supporters include funds of funds such as Accolade Partners and TrueBridge Capital, along with sovereign wealth funds and university endowments *Cointelegraph* [ 4 ].

The firm’s investment philosophy is rooted in the belief that blockchain will form the backbone of global commerce, a perspective shared by founder and general partner Ash Egan. Speaking with Fortune, Egan likened the blockchain industry’s current stage to the period after AOL but before Uber in the internet’s development, highlighting its significant long-term impact *Fortune* [ 1 ]. Archetype’s portfolio features notable exits and partnerships, including Privy’s sale to Stripe and Hut 8’s partnership with Eric Trump’s

. The firm also has direct stakes in leading blockchain networks, holding more than $10 million in and $40 million in Ethereum Archetype Media Release [ 2 ].

For Archetype III, the firm is prioritizing investments in onchain infrastructure, stablecoins, decentralized finance (DeFi), and crypto products aimed at consumers. Early bets from this fund include Remix, a mobile gaming platform powered by crypto and AI, and Relay, a decentralized social networking project *BusinessWire* [ 3 ]. Egan stressed the necessity of developing “killer products” to drive network growth, a philosophy that matches Archetype’s hands-on approach to working with founders. With $350 million in assets under management (AUM), the firm has established itself as a major force in the early-stage crypto investment landscape *Fortune* [ 1 ].

The closing of Archetype III comes at a time when the crypto industry is experiencing renewed momentum. Institutional investment in the sector has climbed, with venture capital funding reaching $10.03 billion in the second quarter of 2025—the highest since the first quarter of 2022 *Cointelegraph* [ 4 ]. Egan credits this surge to a “favorable regulatory climate” and the growing maturity of blockchain applications, such as tokenized real-world assets (RWAs) and onchain social platforms. Archetype’s New York headquarters further cements its role as a center for crypto innovation, with proximity to companies like

and Zora supporting its vision of becoming the “Sand Hill Road of the next decade” Archetype Media Release [ 2 ].

Archetype’s approach stands apart from the speculative hype of previous bull markets. Egan advocates for a patient, long-term strategy, having distributed about $10 million from its first fund to investors while maintaining positions in promising ventures. This measured approach is vital in a volatile sector, where early successes like Privy’s acquisition highlight the benefits of ongoing support for startups *Fortune* [ 1 ]. The firm’s consistent track record and focused investment style have led to repeat commitments from LPs such as Accolade Partners and The Ether Machine, who commend Archetype’s knack for spotting lasting trends *BusinessWire* [ 3 ].

As the crypto venture capital space evolves, Archetype’s third fund marks a pivot toward backing projects with established business models and scalable solutions. The firm’s emphasis on infrastructure and consumer-facing products mirrors broader shifts in the industry, including the tokenization of traditional assets and the adoption of AI-powered tools within blockchain ecosystems. With Archetype III’s capital now in play, the firm is set on advancing blockchain as the “global rails of commerce,” a vision Egan sees as the next major chapter in digital progress *BusinessWire* [ 3 ].