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Theta Capital plans to raise $200 million for a new Blockchain parent fund.
On September 26, according to Bloomberg, crypto investment firm Theta Capital Management plans to raise $200 million for a new blockchain mother fund. The newly established fund is named Theta Blockchain Ventures V and will inject capital into 10 to 15 venture capital firms focusing on digital assets, with a target net internal rate of return of 25%. Theta was founded in 2001 and is headquartered in Amsterdam. In 2018, it shifted its focus to digital assets and currently manages approximately $1.2 billion in assets, recently completing a funding round of over $170 million. Among the five funds in the Theta Blockchain Ventures series, from January 2018 to December 2024, Theta's portfolio has achieved a net internal rate of return of 32.7% (IRR). Theta's portfolio includes well-known crypto asset venture capital firms such as Pantera Capital, CoinFund, Polychain Capital, and Dragonfly.