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Billionaire Michael Novogratz’s Galaxy Digital Asset Management has successfully raised $113 million in the initial close of its new venture capital fund, Galaxy Ventures Fund I. The fund aims to invest in early-stage startups focusing on crypto software, infrastructure, and financial applications. Galaxy Digital plans to continue fundraising efforts to reach a target of $150 million. The fund is expected to build a portfolio of approximately 30 investments, supporting innovation and growth within the crypto industry.
GALAXY DIGITAL RAISES $113M FOR CRYPTO VC FUND Galaxy Digital has raised $113 million in the first close of its new venture capital fund, aiming for a total of $150 million. The capital will be invested in early-stage crypto startups, supporting innovation in the blockchain… https://t.co/7wsnTGDdei
GALAXY DIGITAL BAGS $113M FOR CRYPTO VC FUND Galaxy Digital just locked in $113 million in the first wave of their new VC fund, and they're gunning for $150 million total. This cash is set to turbocharge early-stage crypto startups—like the wild ideas you punks are cooking up.… https://t.co/GK9xdyYTN4
Excited to announce the initial close of our $113M Galaxy Ventures Fund I. We’re doubling down on supporting visionary founders and companies shaping the future of our industry. Congrats to @cferraro06 @SteveKurz @willnuelle @mgiampapa1 and the @galaxyhq team! https://t.co/jZOrtDYHB6