From Cointelegraph
May 21, 2025 03:09:00 AM:

Amsterdam-based Theta Capital Management raised over $175 million for its latest fund-of-funds, Theta Blockchain Ventures IV, to support early-stage blockchain startups through crypto-native VC firms specializing in blockchain innovation. The firm manages about $1.2 billion and has backed leading crypto investment names like Polychain Capital and CoinFund.

Crypto VC investment rebounded in Q1 2025, with VC investment in digital assets rising 54% to $4.8 billion. Despite a 39.5% drop in deal activity, total funding more than doubled year-over-year to $6 billion. Companies in asset management, trading platforms, and crypto financial services received the bulk of the investment.

PitchBook anticipates Circle’s IPO could be the most significant crypto equity pricing event since Coinbase’s 2021 debut. If Circle secures a valuation above the rumored $4 billion to $5 billion range, it could attract new late-stage capital and reset valuation expectations across the payments and infrastructure stack. With $1.18 billion in VC funding raised, there is a 64% chance Circle will go public.

Read more at CoinTelegraph: Theta Capital raises $175M to back early-stage blockchain startups