Galaxy Digital has announced its plans to launch a new crypto venture fund, aiming to channel $100 million into early-stage crypto companies using outside investors’ capital, according to a Bloomberg report.
Set to operate within Galaxy’s asset management division, the fund reflects a significant shift in strategy following its integration in 2023, with ambitions to back up to 30 startups over the next three years.
Galaxy Ventures Fund I, LP plans to invest in a wide range of crypto areas like finance apps, tech systems, and new protocols, starting with $1 million in investments.
Galaxy Digital has a robust track record in the crypto investment landscape, boasting $200 million invested in over 100 projects in the past years. This new fund seeks to build on the success of its past investments by using a professional, organized method to attract more investors.
This effort shows Galaxy Digital’s dedication to supporting new ideas in the crypto world. Supporting the growth of emerging companies at the forefront of digital asset technology.
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