Amsterdam’s Theta Capital eyes $200M blockchain fund, targeting early-stage ventures with strong returns, diversification, and European fintech growth.
Amsterdam-based Theta Capital Management has big plans. The firm wants to raise $200 million for a new blockchain fund. This fund is called Theta Blockchain Ventures V. It will address, among others, investments in the early stages of digital values. However, the world of crypto ventures has gone silent for now. However, Theta has opportunities of expansion.
Theta Fund to Back 10 to 15 Digital Asset Ventures
The fund will invest in 10 to 15 venture funds. These companies build their business on digital assets. According to an investor deck, they want to get a good return. Specifically, this goal is to achieve a net internal rate of return of 25%. Their recommendations would have been affirmed by a representative of Theta. Therefore, investors can be assured of the plan accordingly.
Theta Capital started in 2001. It is headquartered in Amsterdam (the Netherlands). For years it had been involved in conventional investments. Then in 2018, it moved into the digital assets space. Today, the firm has approximately $1.2 billion in assets under management. Furthermore, what’s great is that in May 2025, it just closed a round of over $170 million. Such a success reflects the faith of benefactors.
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Next, let us look at the investment strategy. Theta takes a fund of funds approach. That means that they invest in other VC groups. For example, its existing portfolio has elite names. These include Pantera Capital, CoinFund, Polychain Capital and Dragonfly. Such choices be adopted as a method of risk diversification. Moreover, they access skilled crypto casinos’ teams.
Market Downturn Pushes Theta to Bet on Rebound in Blockchain
Why launch now? The market is tough. Crypto investment decreased its fund in 2025. Only $1.7 billion was invested in 21 crypto funds in H2 and the second quarter. That number is obtained from Galaxy Digital data. In the past, bull markets witnessed much more. However, the tokens are again gaining in price. Thus, Theta’s goal is to capitalize on the rebound
Competition is fierce too. Artificial Intelligence Attracts Big Money. Spot ETF funds attract institutional investors. Using treasury companies is as safe as it can play. As a result, this diminishes the attention on crypto. However, Theta predicts the future of blockchain. Deals can be enormously paying returns in the early stages. For example, new technologies such as DeFi and NFTs made a small beginning.
In hindsight, Theta has a strong history. Before this fund, it usually totalled five funds. From 2018 to 2024, they paid out 32.7% net IRR. That’s above the new target’s 25%. Thus, the firm understands the ability to select winners. Well, owners of those funds made out real gains. Now, Ventures V builds on that.
What does this mean to the industry? It could create greater capital that will give rise to Idea Companies. Blockchain needs new ideas. For example, the concept of Web3 apps and layer 2 solutions is hot. If Theta succeeds, it will power 10 to 15 VCs. These organizations can then support hundreds of projects. Additionally, it demonstrates belief in the European crypto scene. Amsterdam is a centre of fintech.
In summary, Theta Capital’s move is ambitious. Despite slow funding, it looks to $200 million. The outlay of money is simple: invest cleverly, go high. With an under management of $1.2 billion, the firm is ready. With cryptocurrencies in constant development, this fund is likely to set a new standard.
