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Galaxy Announces Final Close of Oversubscribed Galaxy Ventures Fund I at Over $175M
- Galaxy Ventures, managed by Galaxy Digital Inc., completed the final closing of its first fund, Galaxy Ventures Fund I, LP, securing over $175 million in commitments on June 26, 2025, in New York.
- The fund exceeded its initial $150 million target, driven by strong institutional investor demand after Galaxy decided to raise outside capital in 2024 following the 2022 crypto market downturn.
- Galaxy has deployed approximately $50 million from the fund into early-stage crypto startups including Monad and Ethena, a stablecoin protocol introducing a synthetic dollar backed by staked Ethereum.
- Mike Giampapa highlighted a global acceleration in adoption, emphasizing a transition from speculative blockchain projects to practical implementations, and referred to a 'stablecoin revolution' that aligns with Galaxy's original vision.
- The fund's successful oversubscription signals renewed institutional confidence and supports Galaxy's strategy to expand venture capital investments at the intersection of traditional finance and crypto.
25 Articles
25 Articles
PR Newswire
Galaxy Announces Final Close of Oversubscribed Galaxy Ventures Fund I at Over $175M
/PRNewswire/ - Galaxy Asset Management, an affiliate of Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) and one of the world's largest digital asset and...
Galaxy Raises $175M For Venture Fund To Support Early Stage Blockchain Startups
Galaxy Asset Management, the venture arm of Galaxy Digital, has announced the successful final close of its inaugural Galaxy Ventures Fund I (“GVF I”). According to the official Press Release, the fund has received over $175 million in committed capital, surpassing its original $150 million target by more than 16 percent. The oversubscribed fund attracted The post Galaxy Raises $175M For Venture Fund To Support Early Stage Blockchain Startups ap…
Crypto-focused financial services major Galaxy Digital seals over $175m for debut venture capital fundraise
Digital asset and blockchain investor Galaxy Digital has raised more than $175m for its debut venture capital fund through its asset management arm. The post Crypto-focused financial services major Galaxy Digital seals over $175m for debut venture capital fundraise appeared first on AltAssets Private Equity News.
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