Galaxy Ventures Secures $175 Million for New Venture Fund Focused on Digital Asset Startups
In a significant development for the digital finance ecosystem, Galaxy Ventures, a prominent affiliate of Galaxy Digital Inc. (NASDAQ: GLXY, TSX: GLXY), has announced the successful closure of its first venture fund, Galaxy Ventures Fund I (GVF I). Announced on June 26, 2025, this fund has garnered immense interest from investors, raising over $175 million, thus surpassing its original target of $150 million. The oversubscribed nature of the fund reflects the burgeoning demand for investment opportunities within the digital asset venture landscape.
Galaxy Ventures is strategically positioned to funnel investments into early-stage firms that are innovating and developing critical infrastructure and applications essential for the onchain economy. The fund's focus encompasses a diverse array of sectors, targeting ventures engaged in financialized applications, blockchain protocols, and robust software infrastructure.
Key areas of interest for GVF I revolve around dynamic growth segments such as stablecoins, payment solutions, tokenization, and the supporting infrastructure necessary to make these technologies functional and accessible. This initiative signifies a notable expansion for Galaxy Ventures, which has previously operated solely on internal funds since 2018. With its historical background, the new fund attracted a diverse group of limited partners, including prestigious institutional investors, family offices, and several strategic players from the digital asset domain.
The prominence of this venture fund is illustrated by its current portfolio, which includes pioneering startups within the industry such as 1Money, Arch Lending, Ethena, M^0, Monad, Plume, Rail, Rain, RedotPay, Ubyx, and Yellow Card. To date, Galaxy Ventures has lent its support to over 120 companies through a combination of its balance sheet investments and the new GVF I fund.
Mike Novogratz, Founder and CEO of Galaxy, remarked that the substantial closure of the fund amid a tough fundraising environment underlines their team's distinctive advantage in the market. He highlighted the importance of building relationships with founders who are dedicated to actualizing real-world applications of crypto technology and propelling the next phase of crypto adoption.
Leading the Galaxy Ventures team is Will Nuelle alongside Mike Giampapa, both of whom are dedicated to driving growth in ventures leveraging blockchain infrastructure. They lead a talented group of investors and a specialized Ventures Platform, ensuring robust support mechanisms for portfolio companies. This support extends to in-house resources, connectivity opportunities across Galaxy's varied business lines, including blockchain infrastructure, lending, and trading services. With a workforce exceeding 550 employees, Galaxy offers thorough industry insights and connections, equipping portfolio companies to navigate the rapidly evolving crypto landscape adeptly.
As stated by Mike Giampapa, the team recognizes the transformative potential of blockchain infrastructure in reshaping global financial markets. The landscape is witnessing accelerated adoption rates, not just at institutional levels but also among retail users. There is growing enthusiasm around practical applications in payments, capital markets, and broader financial services. By honing in on companies creating these fundamental technologies, Galaxy Ventures is ideally positioned to capitalize on the most innovative concepts emerging within the crypto sector.
In summary, the successful closing of Galaxy Ventures Fund I underscores the profound potential that lies within digital assets and the commitment of Galaxy Digital to drive meaningful progress in the industry. As they continue to invest in emerging technologies that facilitate the advancement of blockchain applications, Galaxy Ventures is not just a participant but a pivotal force in the evolving narrative of digital finance.
About Galaxy
Galaxy (NASDAQ/TSX GLXY) stands as a global leader in the realm of digital assets and data center infrastructure, offering solutions designed to accelerate advancements in finance and artificial intelligence. Their platform provides institutional clients with access to various services, including trading, investment banking, asset management, and cutting-edge tokenization technology. Additionally, Galaxy invests in data center infrastructure tailored to power AI and high-performance computing, addressing the surging demand for scalable energy and compute solutions across the U.S. Headquartered in New York City with numerous offices worldwide, Galaxy continues to push the boundaries of innovation in the digital asset sphere. Further details regarding their services and offerings can be found at www.galaxy.com.
Galaxy Ventures is strategically positioned to funnel investments into early-stage firms that are innovating and developing critical infrastructure and applications essential for the onchain economy. The fund's focus encompasses a diverse array of sectors, targeting ventures engaged in financialized applications, blockchain protocols, and robust software infrastructure.
Key areas of interest for GVF I revolve around dynamic growth segments such as stablecoins, payment solutions, tokenization, and the supporting infrastructure necessary to make these technologies functional and accessible. This initiative signifies a notable expansion for Galaxy Ventures, which has previously operated solely on internal funds since 2018. With its historical background, the new fund attracted a diverse group of limited partners, including prestigious institutional investors, family offices, and several strategic players from the digital asset domain.
The prominence of this venture fund is illustrated by its current portfolio, which includes pioneering startups within the industry such as 1Money, Arch Lending, Ethena, M^0, Monad, Plume, Rail, Rain, RedotPay, Ubyx, and Yellow Card. To date, Galaxy Ventures has lent its support to over 120 companies through a combination of its balance sheet investments and the new GVF I fund.
Mike Novogratz, Founder and CEO of Galaxy, remarked that the substantial closure of the fund amid a tough fundraising environment underlines their team's distinctive advantage in the market. He highlighted the importance of building relationships with founders who are dedicated to actualizing real-world applications of crypto technology and propelling the next phase of crypto adoption.
Leading the Galaxy Ventures team is Will Nuelle alongside Mike Giampapa, both of whom are dedicated to driving growth in ventures leveraging blockchain infrastructure. They lead a talented group of investors and a specialized Ventures Platform, ensuring robust support mechanisms for portfolio companies. This support extends to in-house resources, connectivity opportunities across Galaxy's varied business lines, including blockchain infrastructure, lending, and trading services. With a workforce exceeding 550 employees, Galaxy offers thorough industry insights and connections, equipping portfolio companies to navigate the rapidly evolving crypto landscape adeptly.
As stated by Mike Giampapa, the team recognizes the transformative potential of blockchain infrastructure in reshaping global financial markets. The landscape is witnessing accelerated adoption rates, not just at institutional levels but also among retail users. There is growing enthusiasm around practical applications in payments, capital markets, and broader financial services. By honing in on companies creating these fundamental technologies, Galaxy Ventures is ideally positioned to capitalize on the most innovative concepts emerging within the crypto sector.
In summary, the successful closing of Galaxy Ventures Fund I underscores the profound potential that lies within digital assets and the commitment of Galaxy Digital to drive meaningful progress in the industry. As they continue to invest in emerging technologies that facilitate the advancement of blockchain applications, Galaxy Ventures is not just a participant but a pivotal force in the evolving narrative of digital finance.
About Galaxy
Galaxy (NASDAQ/TSX GLXY) stands as a global leader in the realm of digital assets and data center infrastructure, offering solutions designed to accelerate advancements in finance and artificial intelligence. Their platform provides institutional clients with access to various services, including trading, investment banking, asset management, and cutting-edge tokenization technology. Additionally, Galaxy invests in data center infrastructure tailored to power AI and high-performance computing, addressing the surging demand for scalable energy and compute solutions across the U.S. Headquartered in New York City with numerous offices worldwide, Galaxy continues to push the boundaries of innovation in the digital asset sphere. Further details regarding their services and offerings can be found at www.galaxy.com.
Topics Financial Services & Investing）
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