Galaxy Asset Management has raised $113 million for a new crypto fund, which will invest 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, and has invested heavily in projects including Ethena, Monad and Plume. Galaxy Digital Holdings said in a statement on Thursday that the fund expects to continue raising funds next year and will reach its $150 million target at the latest. (Bloomberg)