Galaxy Asset Management has raised $113 million for its new venture fund, which invests in early-stage startups focused on crypto software, infrastructure and financial applications.
Galaxy Ventures Fund I LP will seek to build a portfolio of about 30 investments. The fund has put money into projects such as Ethena, Monad and Plume. Galaxy Digital Holdings said in a statement on Thursday that the fund expects to continue to raise money and reach its target of $150 million by next year at the latest. Will Nuelle, another general partner at the fund, said the fund expects to invest between $3 million and $5 million per project, but the amount could vary.
Galaxy Asset Management has raised $113 million for its new venture fund
2024-07-25 10:59:37
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