Archetype, a New York-based crypto venture capital firm, has successfully raised over $100 million for its third fund, named Archetype III. This fund will primarily focus on early-stage startups that are working on decentralized infrastructure and applications, aligning with the firm's commitment to supporting projects essential for the growth of the onchain economy. The fundraising involved contributions from both existing and new institutional backers, including pensions, sovereign wealth funds, and endowments. Established in 2021, Archetype has rapidly become one of New York's prominent crypto venture firms, investing across diverse sectors such as social networks, stablecoins, and decentralized finance. Although Archetype III has already allocated some of its capital to various projects, these investments remain undisclosed for now. General partner Ash Egan emphasized the firm's goal of backing founders who are creating practical blockchain use cases that can reach a broad audience. Institutional supporters have expressed admiration for Archetype's focused investment strategy in a competitive space.

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