Crypto-focused venture capital firm Ethereal Ventures discloses that its two funds have a total size of approximately $150 million.

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Golden Finance reports that, according to Fortune magazine, the crypto venture capital firm Ethereal Ventures has spoken out publicly for the first time in nearly five years since its establishment. The venture capital firm was co-founded in 2021 by Min Teo and Ethereum co-founder Joe Lubin. Its two funds have a combined total size of approximately $150 million, and to date it has invested in more than 80 early-stage projects, including EigenLayer. It is reported that Ethereal Ventures’ first fund has performed well in terms of distribution to paid-in capital (DPI), while the second fund has currently deployed less than one quarter of its capital and still retains ample “dry powder.”

https://fortune.com/2026/05/04/ethereal-ventures-min-teo-interview-eigenlayer-dpi-rate-funds-early-stage-startups/

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