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
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Crypto Loan Carnival round 26: Borrow USDT, USDC to enjoy an APR discount of up to 40%
Announcement on the increase of borrowing limit coefficients for Bitget spot margin VIP levels
Bitget x DGRAM Carnival: Grab a share of 49,500,000 DGRAM
