{"id":275,"date":"2025-05-21T07:58:53","date_gmt":"2025-05-21T07:58:53","guid":{"rendered":"https:\/\/bitunikey.com\/news\/theta-capital-bags-175m-to-back-coinfund-polychain-and-other-crypto-vcs\/"},"modified":"2025-05-21T07:58:54","modified_gmt":"2025-05-21T07:58:54","slug":"theta-capital-bags-175m-to-back-coinfund-polychain-and-other-crypto-vcs","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/theta-capital-bags-175m-to-back-coinfund-polychain-and-other-crypto-vcs\/","title":{"rendered":"Theta Capital bags $175m to back Coinfund, Polychain and other crypto VCs"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Dutch investment firm Theta Capital closed a $175 million raise to back crypto-specialist VCs through its latest fund-of-funds.<\/p>\n<p>Theta Capital Management has pulled in over $175 million for a new fund-of-funds designed to help institutional investors get exposure to early-stage blockchain startups by backing some of the industry\u2019s top crypto venture firms.<\/p>\n<p>The new fund, dubbed Theta Blockchain Ventures IV, will invest in venture capital firms that specialize in crypto, Bloomberg <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-05-21\/theta-capital-secures-175-million-for-crypto-fund-investments\" target=\"_blank\">has learned<\/a>, referring to Ruud Smets, the company\u2019s managing partner and chief investment officer.<\/p>\n<p>Founded in 2001, the Netherlands-based firm began focusing on cryptocurrencies in 2018 and now manages around $1.2 billion in assets. Theta has previously backed firms like Coinfund, Polychain Capital, and Castle Island Ventures. It\u2019s still unclear though how Theta plans to allocate the newly raised capital.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The raise comes as crypto venture capital activity shows signs of recovery. According to a May 14 report by PitchBook, VC deal value in Q1 rose to $6 billion, more than double the $2.6 billion seen a year ago. However, the number of deals fell to 405 from 670 over the same period.<\/p>\n<p>PitchBook\u2019s senior crypto analyst Robert Le <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/pitchbook.com\/news\/reports\/q1-2025-crypto-vc-trends\" target=\"_blank\">said<\/a> the $1.4 billion Bybit theft, which he described as the first and only \u201c10-digit hack in history,\u201d served as a stark reminder of the operational risks still present in the industry.<\/p>\n<p>He suggested the incident could drive greater institutional demand for real-time proof-of-reserve tools, improved custody systems, and middleware that simplifies key management. Le also said startups working on these areas might find a more favorable funding environment, even amid a broader reset in valuations.<\/p>\n<p>Despite Bitcoin hitting a record high of $100,000 in Q4 2024, venture capital activity in crypto startups remained flat, with VC deal size down nearly 90% since 2018.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dutch investment firm Theta Capital closed a $175 million raise to back crypto-specialist VCs through its latest fund-of-funds. Theta Capital Management has pulled in over $175 million for a new&hellip;<\/p>\n","protected":false},"author":1,"featured_media":276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=275"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/275\/revisions"}],"predecessor-version":[{"id":277,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/275\/revisions\/277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/276"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}