Mike Novogratz's Galaxy Digital has raised 113 million $ for a new crypto venture fund.#Bloombergreports with reference to the release of#GalaxyDigital Holdings.

The goal is to create a portfolio of investments in 30 promising crypto startups. The project is being handled by the Galaxy Asset Management division, the fund expects to invest from 3 to 5 million $ in each project, although the amount may vary.

In particular, Novogratz has already invested in projects such as#Ethena(#USDe),#Monadand #Plume. Their focus is on infrastructure, decentralized finance and payments. The foundation plans to continue fundraising to reach the goal of 150 million $ no later than 2025.

Conclusions from Bloomberg:

“The fund is another sign of a resurgence in venture capital investment in cryptocurrency, with companies like Pantera Capital and Paradigm raising new funds. Rising cryptocurrency prices are largely fueling investor enthusiasm as Bitcoin hit a new all-time high in March. The possibility of an improved regulatory environment for the industry in the US pending the outcome of this year's presidential election is also fueling growth."