Theta Capital Launches $200M Fund for Blockchain Infrastructure

Theta Capital Management B.V., a global investor in blockchain venture capital funds, has announced the launch of Theta Blockchain Ventures IV, a new fund targeting early-stage blockchain infrastructure. With a total target of $200 million in commitments, the fund represents a strategic move by Theta Capital to capitalize on what they see as a significant investment opportunity within the blockchain sector.

Having already invested over $650 million in the blockchain space, Theta Capital has a history of backing prominent companies and protocols from their inception. The launch of Theta Blockchain Ventures IV is a continuation of their successful fund of funds program, which invests in crypto-native venture capital firms that have played a key role in the development of many of today’s leading crypto projects.

Ruud Smets, Chief Investment Officer at Theta Capital, expressed optimism about the industry’s recovery from the recent crypto winter and the beginning of the fifth price-innovation cycle. Smets sees the current time as a unique opportunity to invest in the infrastructure that will drive the future of blockchain technology.

Theta Blockchain Ventures IV is set to have its first close on April 1, 2024, with subsequent monthly closings leading up to a final close on July 1, 2024. This announcement follows the recent publication of “The Satellite View,” a report by Theta Capital offering insights into the future of blockchain investment from influential voices in the crypto sector.

“The Satellite View” asserts that blockchain technology is not just a trend but the foundation for the next evolution of the internet, poised to modernize financial systems and commerce in a way similar to the revolution brought about by previous internet protocols.

To coincide with the fund launch, Theta Capital is hosting a series of webinars to explore the investment thesis for Theta Blockchain Ventures IV and the ongoing advancements in blockchain technology. Interested parties can reach out to Theta’s Investor Relations team for more information or to register for the events.

Founded in 2001, Theta Capital Management has established itself as a leading investor in crypto-native venture capital. With a focus on blockchain technology since 2018, the firm continues to identify and support the next wave of innovation in the space.