Crypto VC Firm Archetype Set to Close $150 Million Fund

Archetype, an early-stage crypto venture capital firm, plans to close a $150 million fund on May 2. It will be the second fund for the year-old firm, which named Katherine Wu as a venture partner earlier this year after poaching her from Coinbase Global Inc.

The new fund will focus on startups in a variety of different areas of the crypto industry, said Archetype founder and general partner Ash Egan. Egan said in an interview that crypto is on the brink of greater mainstream adoption.