Crypto venture firm CMT Digital has raised $136 million for its fourth fund — slightly below its $150 million target — but said it ultimately “turned investors away” after reaching allocation limits.
Founded in 2017 as part of CMT Group, the firm has invested in more than 200 crypto companies, including Circle and Consensys. CMT began fundraising in mid-2024 amid a cautious investment climate.
Despite macro uncertainty, 2025 has been the strongest year for crypto VC since 2022, with $12.45 billion deployed so far. CMT has already invested about 25% of the new fund, according to Fortune.
The firm’s previous funds raised $25.5 million, $130 million, and $100 million. Its latest round reflects renewed institutional confidence in digital asset startups following Circle’s public listing and Ethereum studio Consensys’ IPO plans.
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