CMT Digital Secures $136M for Fourth Fund to Back Next Wave of Web3 Startups

CMT Digital Secures $136M for Fourth Fund to Back Next Wave of Web3 Startups Cryptocurrency venture capital firm CMT Digital has successfully raised $136 million for its fourth investment fund, signaling continued strong investor appetite for the next generation of Web3 innovators. The capital comes from a diverse pool of family offices, high-net-worth individuals, and large institutions - a testament to the firm's track record and the growing mainstream adoption of digital assets. While the final fund size fell short of the initial $150 million target, CMT Digital has already deployed 25% of the capital, focusing on early-stage stablecoin and DeFi startups. Notable investments include Coinflow, a platform for fiat-to-crypto onramps, and Codex, a decentralized title registry for non-fungible tokens (NFTs). These strategic bets underscore the firm's thesis that foundational Web3 infrastructure will be crucial to driving mainstream cryptocurrency and blockchain adoption. As the crypto ecosystem matures, investors are increasingly seeking out experienced, well-connected VC partners like CMT Digital to help navigate the rapidly evolving landscape. The firm's fourth fund will continue this trend, targeting a diverse portfolio of blockchain, digital asset, and decentralized finance (DeFi) ventures that are poised to shape the future of the Web3 world. This fundraising milestone reflects the continued institutional embrace of the cryptocurrency asset class and the conviction that innovative startups will be key to unlocking the transformative potential of decentralized technologies. For crypto enthusiasts and investors, CMT Digital's latest fund represents an opportunity to gain exposure to the most promising Web3 projects at the ground floor.