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Michael Novogratz's Galaxy Ventures Fund I LP has surpassed its initial $150 million fundraising target and is expected to close between $175 million and $180 million by the end of June. The fund is dedicated to investing in early-stage startups, with a particular focus on crypto and blockchain companies specializing in payments and stablecoins. This development highlights continued investor interest in the crypto sector. Separately, Andreessen Horowitz is seeking to raise a $20 billion megafund aimed at US artificial intelligence startups, reflecting growing global enthusiasm for AI innovation.
🇺🇸 Mike Novogratz’s Galaxy Ventures Fund I LP has exceeded its initial fundraising goal of $150 million, with expectations to close between $175 million and $180 million by the end of June, according to a Bloomberg report. The fund focuses on early-stage startups, emphasizing
INSIGHT: Billionaire Mike Novogratz’s Galaxy Ventures Fund 'I LP' is on track to raise up to $180 million by June to back early-stage crypto and blockchain startups, with a focus on payments and stablecoins https://t.co/ahJr1q2l7h
Andreessen Horowitz Seeks To Raise $20 Billion Megafund Amid Global Interest In US Artificial Intelligence Startups https://t.co/zAFur2ITvP