Theta Capital Management launches Theta Blockchain Ventures III to capitalize on the crypto bear market
AMSTERDAM, Jan. 30, 2023 (GLOBE NEWSWIRE) — Theta Capital Management, the Amsterdam-based hedge fund and crypto-native venture capital specialist, has launched its third Theta Blockchain Ventures vehicle to invest in the core blockchain infrastructure of the earliest stages.
Theta Blockchain Ventures III is a continuation of Theta’s Fund of Funds program investing in crypto-native VCs. The firm has deployed over $500 million to date and has backed many leading companies and protocols from the earliest stages through its broad network of specialist VC firms.
John van Marle of Theta Capital said: “We believe that blockchain technology has tremendous long-term value and that our diversified approach is particularly well-suited to the current market environment. While there are localized risks within the crypto ecosystem, now is the ideal time to to build diversified exposure to this innovative and transformative technology across verticals.”
The investment mission of Theta Blockchain Ventures is that the digital infrastructure provided by crypto-protocols will quickly become the economic backbone of an increasingly digital world. The technology continued to develop rapidly through 2022 and into 2023 and continues to resolve its early bottlenecks. It has reached a tipping point where it is now ready to start bringing hundreds of millions of users. Already, these crypto protocols support trillions of dollars of economic activity.
“There has been a clear disconnect between technological progress and increased adoption on the one hand and investor sentiment on the other. The poor macro backdrop and the actions of several bad actors have contributed to this low sentiment. For us, it provides an opportunity to further establish our footprint in this industry at a very appropriate time, says Van Marle.
About Theta Capital
Theta Capital Management was founded in 2001 and is a leading specialist in alternative strategies. Theta Capital Management has been among the earliest and largest institutional investors globally to invest in blockchain technology. Its domain expertise has made it the partner of choice for many crypto-native VCs as well as underlying crypto projects.
Theta Blockchain Ventures III is a 10-year venture capital fund dedicated to VC investments in blockchain technology. Through its series of blockchain venture funds, Theta has captured exposure to over 80% of the leading crypto projects, all from an early stage. The final close for Theta Blockchain Ventures III is scheduled for March 31stSt.
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Contacts:
Quote Dewe Rogerson
Christen Thomson, Senior Director
[email protected]
