[Crypto Venture Ethereal Ventures Discloses Total Scale of Two Funds at Approximately $150 Million for the First Time] According to a report by Golden Finance, as disclosed by *Fortune* magazine, crypto venture capital firm Ethereal Ventures has spoken publicly for the first time nearly five years after its establishment. The firm was co-founded in 2021 by Min Teo and Ethereum co-founder Joe Lubin. Its two funds have a total scale of approximately $150 million and have invested in over 80 early-stage projects, including EigenLayer, to date. It is reported that Ethereal Ventures' first fund has shown strong Distributed Capital Return (DPI) performance, while the second fund has deployed less than one-fourth of its capital so far, retaining ample "dry powder." https://(fortune.com)/2026/05/04/ethereal-ventures-min-teo-interview-eigenlayer-dpi-rate-funds-early-stage-startups/