Theta Capital Management plans to raise $200 million to fund its latest blockchain funding. The company said it is raising funds to take advantage of early-stage blockchain opportunities despite the restriction of venture funding in the sector.
According to the company’s report, its new vehicle, Theta Blockchain Ventures V, will distribute capital to 10-15 venture companies specializing in digital assets. Theta Capital aims to achieve a net internal return rate of 25% from the investment.
Theta continues its blockchain venture series
Bloomberg It has been reported A spokesman for Theta Capital has confirmed details of its $200 million capital raise. The Amsterdam-based investment company was founded in 2001. I’ve shifted It focuses on digital assets for 2018. Investment managers currently manage around $1.2 billion.
Theta Capital previously had five funds for the Theta Blockchain Venture series and was able to offer a 32.7% NET IRR from January 2018 to December 2024.
Theta closed its $175 million funding round in May to support the Blockchain Fund of Funds initiative. The company believes that by targeting managers who are deeply involved in blockchain technology, it will create competitiveness in the market.
Ruud Smets, the company’s managing partner and chief investment officer, claimed it is the perfect class to acquire long-term benefits in the Crypto sector, particularly during the early funding rounds. He added that Theta Capital’s strategy focuses on professional managers who are better than generalist investors in the early funding rounds.
“We have always been looking for areas where specialization and active management provide a sustainable edge.”
–Rude SmettManaging Partner and Chief Investment Officer at Theta Capital.
Smets also said it claims that the experience and positioning of dedicated Crypto VCs has deteriorated over time, creating barriers for less-focused investors looking to enter the space.
Despite Theta’s latest fundraising initiative, the Crypto Venture Investing sector has been challenging, especially this year. Data from Galaxy Digital show In the second quarter of 2025, just $1.7 billion was allocated to 21 crypto-centric venture funds. Data is well below the levels seen in previous bull markets. Data also showed that VC investments rose 54% year-on-year to $4.8 billion in Q1 2025.
Pitchbook pointed to $6 billion in VC funding over the same period, despite a 39.5% decline in funding over the same period. Global capital market researchers revealed that capital is increasingly flowing into transactions, asset management and cryptocurrency services, with $2.55 billion allocated to 16 transactions in the first quarter of 2025.
Pitchbook also found that the infrastructure and developers raised about $955 million in 30 transactions. Robert Le, senior Crypto analyst at Pitchbook, claimed that despite macroeconomic uncertainty, Capital continued to search for Crypto’s core utility rails.
Galaxy Digital reported that the growing interest in artificial intelligence has attracted some attention from crypto investments. The company noted that drift occurred while Spot ETFS and current financing companies were competing for institutional investments. If successful, Theta’s new fund could mark the sixth fund under the series.
Theta Capital announces the Legends4legends Blockchain Conference
Theta is holding a premier blockchain conference for facility allocators at the Legends4Legend Charity Conference held in Amsterdam on October 16th. The company said the event offers an all-day program featuring some of the world’s leading experts to help allocators navigate the blockchain industry.
According to the company’s report, qualified institutions will attend for free. Theta too Confirmed The conference aims to raise funds through donations supporting alternative charities. The theme of the meeting is “Blockchain is becoming mainstream: Stablecoins & Beyond.”
Theta will explore major developments in blockchain space, including the rise of blockchain and native financial infrastructure, with Stablecoins as the backbone of global digital payments. The company also jumps into convergence of AI and Crypto, among other things.
