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Theta Capital Targets $200 Million Raise for Blockchain Fund-of-Funds

Theta Capital Targets $200 Million Raise for Blockchain Fund-of-Funds

Theta Capital Management aims to raise $200 million for a new fund to invest in blockchain-focused venture capital firms, despite a slowdown in sector-wide funding.

THETA

Fact Check
The statement is directly confirmed by multiple sources, including Bloomberg Law and CoinTrust. Both report that Theta Capital is targeting or seeking to raise exactly $200 million for a new blockchain fund-of-funds.
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Summary

Theta Capital Management is raising $200 million for its new fund, Theta Blockchain Ventures V, to invest in 10-15 digital asset-focused venture firms, targeting a 25% net IRR. The firm, which manages $1.2 billion and has a portfolio with a 32.7% IRR from 2018-2024, plans to continue investing in blockchain ventures despite the current slowdown in the sector.

Terms & Concepts
  • Fund-of-Funds: An investment strategy where a fund invests in a portfolio of other investment funds rather than directly into securities.
  • Early-Stage Blockchain Ventures: Startups or projects in the blockchain sector that are in the initial phases of development and fundraising.
  • Venture Funding: Capital provided to startups or small businesses with high growth potential, typically by venture capital firms.