CMT Digital, a Chicago-based venture capital firm focused on blockchain and digital assets, has announced the close of its fourth crypto fund with $136 million raised. While this amount fell short of its original $150 million target, it stands as a significant achievement given the current tough fundraising environment for venture capital.

The fundraising round concluded in early October and drew in a diverse mix of investors, including family offices, high-net-worth individuals, and a select group of institutional backers. Although the firm did not publicly disclose the names of these investors, their participation signals continued interest in the crypto sector despite broader market challenges.

The venture capital landscape has faced headwinds this year, with rising interest rates and a slowdown in initial public offerings making it harder for funds to attract new capital. Nevertheless, CMT Digital managed to secure strong support from both existing and new limited partners, reflecting confidence in the firm’s strategy and track record.

CMT Digital has been an active investor in the blockchain space, backing a range of notable startups and digital asset initiatives. The new fund is expected to continue this approach, supporting innovative projects and founders working within the crypto, blockchain, and digital assets ecosystem.

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