🚀 Galaxy Asset Management successfully raised $113 million in a new venture fund!
Galaxy Asset Management recently announced that it has successfully raised $113 million for its new venture fund, focusing on early-stage startups in crypto software, infrastructure and financial applications.
💡 Galaxy Ventures Fund I LP
The fund plans to build a portfolio of about 30 investments. It has invested in projects such as Ethena, Monad and Plume. It is expected to reach the fundraising target of $150 million by next year at the latest.
💰 Investment Strategy
General partner Will Nuelle revealed that it is expected to invest $3 million to $5 million in each project, but the amount may vary.
Galaxy Digital Holdings said in a statement on Thursday that the fund will continue to provide strong support for innovative projects in the crypto field. 🌟
