US EditionGalaxy Announces Final Close of Oversubscribed Galaxy Ventures Fund I at Over $175M
- On June 26, 2025, in New York, Galaxy Asset Management completed fundraising for its Galaxy Ventures Fund I, LP, surpassing its $150 million goal by securing more than $175 million from investors.
- The fund’s initial target was $150 million, but strong investor demand, driven by renewed institutional confidence in crypto-finance startups, pushed it $25 million above this goal.
- Galaxy Ventures, managed by general partners Mike Giampapa and Will Nuelle, targets early-stage startups focused on building essential technology and solutions that support the blockchain-based economy, operating as a key component within Galaxy Digital’s wider crypto ecosystem.
- Galaxy has already invested approximately $50 million from the fund into projects like Ethena, a synthetic dollar stablecoin protocol, and Monad, a trading-focused blockchain, showcasing its commitment to real-world crypto use cases.
- This successful fundraise reflects Galaxy’s strategic commitment to innovation and long-term crypto growth despite market volatility and past losses, positioning it as a critical bridge between traditional finance and decentralized technologies.
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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...
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Galaxy Digital Raises $175M to Boost Stablecoin and DeFi Startups
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