# RockawayX Raises $125M Fund to Back Solana Startups

*Author: Bankless*
*Published: Apr 25, 2025*
*Source: https://www.bankless.com/read/rockawayx-raises-125m-fund-to-back-solana-startups*

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RockawayX has raised $125 million to fund early-stage projects on Solana, backing the network at a time when user interest is cooling, [Decrypt](https://decrypt.co/316094/investment-firm-rockawayx-125m-early-stage-fund-solana-projects) reports.

## **What’s the Scoop?**
- **Significant Investment**: RockawayX has secured $125 million for an early-stage venture capital fund aimed at supporting projects building on Solana.
- **Solana Focus**: The fund is dedicated to stimulating growth and innovation on the Solana blockchain, despite a decline in user activity on the network.
- **Layer-1 Challenges**: Interest in Solana's ecosystem appears to be waning, with this investment coming at a critical moment for the blockchain's future development.
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