Theta Capital Secures $175 Million for Crypto Fund Investments

Crypto investment firm Theta Capital Management closed a raise of more than $175 million for a fund-of-funds that will back institutional investors in early-stage blockchain startups.

The vehicle, Theta Blockchain Ventures IV, will target venture capitalists with a specialism in crypto, Ruud Smets, the company’s managing partner and chief investment officer said in an interview. Founded in 2001, Theta began focusing on digital assets in 2018 and now manages about $1.2 billion in assets.