Galaxy Asset Management has raised $113 million for its new venture fund
Galaxy Asset Management unit has raised $113 million for its new venture fund, which invests in early-stage startups focused on crypto software, infrastructure and financial applications. Galaxy Ventures Fund I LP will look to build a portfolio of about 30 investments. The fund has already put money into projects such as Ethena, Monad and Plume.Galaxy Digital Holdings said in a statement Thursday that the fund expects to continue to raise money to reach its $150 million goal by next year at the latest. Will Nuelle, the fund's other general partner, said the fund expects to invest between $3 million and $5 million per project, but the amounts could 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
Simon's Cat (CAT) Market Cap Surpasses $200 Million, Up Over 30% in 24 Hours
SunWukong breaks through $0.014, up 131.5% in 24H, market cap over $14.3 million
An ETH Whale Liquidated in This Morning's Decline, Losing $4.5 Million
Base Network Lockup Drops to Near $1.4 Billion