CMT Digital, a venture capital firm that has invested in over 150 crypto and blockchain companies since 2018, began raising for its fourth fund one month ago, the company has told Fortune. The firm is hoping to raise $150 million in capital for Web3 investments.
The fourth fund—if successful—will be the firm’s largest to date. The first three raised $25.5 million, $130 million, and $100 million, respectively. CMT Digital was one of the first firms to invest in crypto and was thus afforded access to some of the industry’s largest companies in their infancy, such as Circle, Coinbase, Consensys, and FalconX.
