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.