Key Takeaways
- Galaxy Digital, a titan in crypto investments, is launching a $100M fund to invest in early-stage crypto companies;
- Galaxy Digital will invest in startups focusing on financial applications, software infrastructure, and crypto-based protocols;
- The fund targets to invest in up to 30 startups over the next three years, with investments starting at $1 million each.
Galaxy Digital is setting its sights on expanding its investment strategy with plans to launch a new fund, Galaxy Ventures Fund I, LP.
This initiative seeks to channel $100 million into early-stage crypto companies.
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Galaxy Digital has consistently invested its own funds to support the growth of crypto ecosystems. Now, the company is looking to expand its reach by combining its resources with those of external investors.
Mike Wursthorn, Galaxy’s head of communications, expressed enthusiasm for the new venture, stating:
For years, we’ve been putting our own capital behind these innovators. Now we’re launching Galaxy Ventures Fund I LP to partner with outside investors, allowing us to continue fueling the digital asset ecosystem by backing promising early-stage ventures.
Galaxy Ventures Fund I investments will reportedly focus on startups developing financial applications, software infrastructure, and crypto-based protocols.
The fund plans to invest in up to 30 startups over a three-year period, starting with minimum investments of $1 million.
By combining its expertise and financial ability with the resources of external investors, Galaxy aims to empower a new generation of digital asset ventures, further cementing its position as a leader in crypto investment.
A division of Galaxy Digital, Galaxy Asset Management, has recently surpassed $10 billion in assets under management, reflecting the growing institutional interest in digital assets.
