Amsterdam-based crypto VC firm Maven 11 raised $107 million for its third fund, exceeding its $100 million target despite a cautious market. Anchored by Theta Capital Management, it attracted European and Asian institutional investors. About 15% of the fund is already deployed in projects like Spire Labs, JokeRace, GTE, and August. Investment sizes range from $500,000 to $5 million, focusing on consumer applications, infrastructure, and AI-blockchain projects. With past investments in Celestia and Risc Zero, Maven 11 remains committed to early-stage blockchain ecosystems, signaling continued institutional interest despite broader market uncertainties.