Galaxy Ventures Raises $175M for Inaugural VC Fund
The newly public asset investor has secured a new fund to back crypto startups.
Galaxy Digital raises $175M for its inaugural venture fund, exceeding its target to invest in early-stage blockchain startups.
What’s the Scoop?
- Successful Raise: Galaxy Asset Management has closed $175 million for Galaxy Ventures Fund I, surpassing their $150 million target.
- Investment Focus: The fund will invest in early-stage blockchain startups, focusing on stablecoins, payments, tokenization, and infrastructure.
- Institutional Interest: Galaxy attracted institutional allocators and high-net-worth individuals, solidifying its presence in crypto venture funding.
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