Theta Capital introduces Theta Blockchain Ventures IV, a new $200 million fund targeting early-stage blockchain infrastructure.
Theta Capital Management BV, a leading global investor in blockchain venture capital funds, has launched Theta Blockchain Ventures IV, a significant new fund aimed at investing in the underlying infrastructure of blockchain technology. Targeting a total of $200 million in commitments, the fund represents a strategic move by Theta Capital to capitalize on what it sees as a generational investment opportunity within the blockchain sector.
Theta Capital has a history of deploying over $650 million in the blockchain space, supporting many high-profile companies and protocols from the ground up. This latest fund is a continuation of Theta’s successful fund program investing in cryptocurrency-based venture capital firms that have played a pivotal role in the development of more than 80% of today’s major cryptocurrency projects.
Ruud Smets, Chief Investment Officer at Theta Capital, expressed optimism about the recovery from the 2022/2023 cryptocurrency winter and the start of the industry’s fifth price innovation cycle. Smets saw this as an unparalleled opportunity to invest in the infrastructure that would support the future of blockchain technology.
Theta Blockchain Ventures IV is expected to have its first close on April 1, 2024, with subsequent monthly closes expected to be final on July 1, 2024. This announcement follows Theta’s recent publication, “The Satellite View.” This report provides insight into the future of blockchain investing from the most influential voices in the cryptocurrency sector.
“The Satellite View” argues that blockchain technology is not just a trend, but the foundation of the next evolution of the Internet, poised to modernize financial systems and commerce in a way similar to the revolution brought about by previous generations of Internet protocols.
To coincide with the launch, Theta Capital is hosting a series of webinars to delve deeper into the topic of investing in Theta Blockchain Ventures IV and the ongoing advancements in blockchain technology. Interested parties should contact Theta’s Investor Relations team for more information or to register for the event.
Founded in 2001, Theta Capital Management has built deep domain expertise and a leading position in cryptocurrency-based venture capital. The company has been actively investing in blockchain technology since January 2018 and continues to lead the way in identifying and supporting the next wave of innovation in this space.
Image source: Shutterstock