Galaxy Asset Management raises $113 million for its new venture fund
Galaxy Asset Management has raised $113 million for its new risk fund, which invests in early-stage startups focused on cryptocurrency software, infrastructure, and financial applications. Galaxy Ventures Fund I LP will seek to establish a portfolio of about 30 investments. The fund has already invested in projects such as Ethena, Monad, and Plume. Galaxy Digital Holdings stated in a statement on Thursday that the fund is expected to continue fundraising and reach its target of $150 million by next year at the latest. Will Nuelle, another general partner of the fund, said that each project is expected to receive an investment of $3-5 million, but the amount may vary.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget x PLANCK Carnival: Grab a share of 1,880,000 PLANCK!
[Initial Listing] Bitget Will List Planck (PLANCK) in the Innovation, AI and DePIN Zone
Buy PLAI,Get 100% fee rebate in PLAI!
Bitget to support loan and margin functions for select assets in unified account
