Theta Capital raises $175 million for its crypto venture capital fund Theta Capital announced that its fund of funds, "Theta Blockchain Ventures IV," has raised $175 million, focusing on investing in early-stage cryptocurrency venture capital firms such as Coinfund and Polychain. Theta has been focusing on digital assets since 2018 and currently manages approximately $1.2 billion in assets. The fund aims to provide differentiated returns to institutional investors through the professional advantages of "crypto native" venture capital.