Galaxy Announces Final Close of Oversubscribed Galaxy Ventures Fund I at Over $175M
Galaxy Digital (NASDAQ: GLXY) has successfully closed its inaugural Galaxy Ventures Fund I (GVF I) with over $175 million in capital commitments, exceeding its $150 million target. The oversubscribed fund focuses on early-stage investments in companies building the onchain economy, particularly in areas like stablecoins, payments, and tokenization.
The fund has attracted diverse limited partners including institutional investors, family offices, and strategic digital asset businesses. Galaxy Ventures' portfolio already includes notable startups like 1Money, Arch Lending, and Ethena, among others. The team, led by Will Nuelle and Mike Giampapa, has historically backed more than 120 companies and offers portfolio companies access to Galaxy's global network of over 550 employees.
Galaxy Digital (NASDAQ: GLXY) ha completato con successo il suo primo Galaxy Ventures Fund I (GVF I), raccogliendo oltre 175 milioni di dollari in impegni di capitale, superando l'obiettivo di 150 milioni di dollari. Il fondo, molto richiesto, si concentra su investimenti in fase iniziale in aziende che sviluppano l'economia onchain, in particolare in settori come stablecoin, pagamenti e tokenizzazione.
Il fondo ha attirato una varietà di partner limitati, tra cui investitori istituzionali, family office e imprese strategiche di asset digitali. Il portafoglio di Galaxy Ventures include già startup di rilievo come 1Money, Arch Lending ed Ethena, tra gli altri. Il team, guidato da Will Nuelle e Mike Giampapa, ha storicamente supportato più di 120 aziende e offre alle società in portafoglio l'accesso alla rete globale di Galaxy composta da oltre 550 dipendenti.
Galaxy Digital (NASDAQ: GLXY) ha cerrado con éxito su primer Galaxy Ventures Fund I (GVF I), con más de 175 millones de dólares en compromisos de capital, superando su objetivo de 150 millones. El fondo, que ha sido sobresuscrito, se enfoca en inversiones en etapas tempranas en empresas que construyen la economía onchain, especialmente en áreas como stablecoins, pagos y tokenización.
El fondo ha atraído a diversos socios limitados, incluyendo inversores institucionales, oficinas familiares y negocios estratégicos de activos digitales. El portafolio de Galaxy Ventures ya incluye startups destacadas como 1Money, Arch Lending y Ethena, entre otras. El equipo, liderado por Will Nuelle y Mike Giampapa, ha respaldado históricamente a más de 120 empresas y ofrece a las compañías del portafolio acceso a la red global de Galaxy con más de 550 empleados.
Galaxy Digital (NASDAQ: GLXY)는 최초의 Galaxy Ventures Fund I (GVF I)를 성공적으로 마감하며 1억 7,500만 달러 이상의 자본 약정을 확보하여 목표액인 1억 5,000만 달러를 초과 달성했습니다. 이 초과 청약된 펀드는 스테이블코인, 결제, 토큰화 등 온체인 경제를 구축하는 초기 단계 회사들에 투자하는 데 중점을 두고 있습니다.
이 펀드는 기관 투자자, 패밀리 오피스, 전략적 디지털 자산 기업 등 다양한 제한적 투자자들을 유치했습니다. Galaxy Ventures의 포트폴리오에는 이미 1Money, Arch Lending, Ethena 등 주목할 만한 스타트업들이 포함되어 있습니다. Will Nuelle과 Mike Giampapa가 이끄는 팀은 역사적으로 120개 이상의 회사를 지원해왔으며, 포트폴리오 회사들에게 550명 이상의 직원으로 구성된 Galaxy의 글로벌 네트워크 접근을 제공합니다.
Galaxy Digital (NASDAQ : GLXY) a clôturé avec succès son premier Galaxy Ventures Fund I (GVF I), avec plus de 175 millions de dollars d'engagements en capital, dépassant ainsi son objectif de 150 millions. Ce fonds sursouscrit se concentre sur les investissements en phase initiale dans des entreprises développant l'économie onchain, notamment dans des secteurs tels que les stablecoins, les paiements et la tokenisation.
Le fonds a attiré des partenaires limités diversifiés, notamment des investisseurs institutionnels, des family offices et des entreprises stratégiques d'actifs numériques. Le portefeuille de Galaxy Ventures comprend déjà des startups notables telles que 1Money, Arch Lending et Ethena, entre autres. L'équipe, dirigée par Will Nuelle et Mike Giampapa, a historiquement soutenu plus de 120 entreprises et offre aux sociétés du portefeuille l'accès au réseau mondial de Galaxy, qui compte plus de 550 employés.
Galaxy Digital (NASDAQ: GLXY) hat seinen ersten Galaxy Ventures Fund I (GVF I) erfolgreich abgeschlossen und dabei Kapitalzusagen von über 175 Millionen US-Dollar erhalten, womit das Ziel von 150 Millionen US-Dollar übertroffen wurde. Der überzeichnete Fonds konzentriert sich auf Frühphaseninvestitionen in Unternehmen, die die Onchain-Wirtschaft aufbauen, insbesondere in Bereichen wie Stablecoins, Zahlungen und Tokenisierung.
Der Fonds hat vielfältige Limited Partners angezogen, darunter institutionelle Investoren, Family Offices und strategische Unternehmen im Bereich digitaler Assets. Das Portfolio von Galaxy Ventures umfasst bereits namhafte Startups wie 1Money, Arch Lending und Ethena. Das Team unter der Leitung von Will Nuelle und Mike Giampapa hat historisch über 120 Unternehmen unterstützt und bietet den Portfoliounternehmen Zugang zu Galaxys globalem Netzwerk mit über 550 Mitarbeitern.
- Fund exceeded target by raising over $175M versus $150M goal
- Strong investor demand despite challenging crypto venture environment
- Diverse investor base including institutional investors and family offices
- Extensive portfolio of over 120 companies backed historically
- Access to Galaxy's global network of 550+ employees and resources
- None.
Insights
Galaxy secured $175M+ for its first venture fund, demonstrating institutional appetite for digital asset infrastructure despite challenging fundraising environment.
Galaxy Asset Management has successfully closed its Galaxy Ventures Fund I at over
The fund's oversubscription signals strong institutional confidence in Galaxy's investment thesis, attracting diverse limited partners including institutional investors, family offices, and strategic digital asset businesses. This diversified LP base provides validation for Galaxy's approach to early-stage blockchain investments.
The fund's focus on early-stage companies building critical infrastructure for the onchain economy shows Galaxy's strategic positioning around three key areas: financialized applications, blockchain protocols, and software infrastructure. They're specifically targeting secular growth areas like stablecoins, payments, and tokenization – sectors with tangible real-world utility that could drive mainstream adoption.
This milestone marks Galaxy Ventures' evolution from balance sheet investing (since 2018) to a dedicated fund structure, allowing them to scale their venture operations with external capital. Their portfolio already includes promising startups like Ethena, Monad, and Yellow Card, leveraging Galaxy's extensive ecosystem with over 550 employees globally to provide portfolio support beyond just capital.
The successful raise demonstrates Galaxy's ability to execute on business diversification, creating a potential new revenue stream through management fees and carried interest, while building an investment portfolio that could deliver significant returns if their thesis on blockchain infrastructure adoption proves correct.
Galaxy Ventures raises its inaugural venture fund with the support of a global base of limited partners to back early-stage startups building the onchain economy
The Fund is focused on investing in early-stage companies developing critical infrastructure and applications for the onchain economy. Its investment strategy spans the categories of financialized applications, blockchain protocols, and software infrastructure. The Fund specifically has and will continue to target investments in secular growth areas like stablecoins, payments, and tokenization, plus all the supporting infrastructure that makes such technologies viable.
This milestone marks a new chapter for Galaxy Ventures, which had previously invested from Galaxy's balance sheet since 2018. Given Galaxy Ventures' strong track record of supporting visionary founders at the earliest stages, GVF I attracted a diverse group of limited partners, including institutional investors, family offices, and strategic digital asset businesses. The portfolio already includes some of the most promising startups in the space such as 1Money, Arch Lending, Ethena, M^0, Monad, Plume, Rail, Rain, RedotPay, Ubyx, and Yellow Card, among others. Including historical balance sheet investments and the current GVF I portfolio, Galaxy Ventures has backed more than 120 companies to date.
"Galaxy Ventures closing its first fund above the target at a time when raising crypto venture is historically difficult showcases our team's unique edge in the market," said Mike Novogratz, Founder and Chief Executive Officer of Galaxy. "With deep roots in onchain markets and blockchain infrastructure, we're committed to backing founders and startups building real-world use cases that are shaping the next chapter of crypto adoption."
The Galaxy Ventures team is headed by Will Nuelle and Mike Giampapa. They are supported by a team of investors and a dedicated Ventures Platform function that directly supports portfolio companies with in-house company building resources and connectivity to Galaxy's global business lines including blockchain infrastructure, lending, trading, and more. With a global team of more than 550 employees, Galaxy offers portfolio companies deep industry connectivity, insight, and access to growth opportunities that help portfolio companies navigate the rapidly shifting crypto landscape.
"Blockchain infrastructure is poised to revolutionize global financial markets. We're seeing an acceleration of adoption from both institutions and retail users globally—especially around use cases like payments, capital markets, and financial services more broadly," said Mike Giampapa. "By investing in the teams that are building these core technologies and supporting their growth directly, we have a front-row seat to the most novel concepts and products in crypto."
About Galaxy
Galaxy (NASDAQ/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, investment banking, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the
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SOURCE Galaxy Digital Inc.
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