Galaxy Digital Raises $175 Million To Power Early-Stage Crypto Startups
Galaxy Digital has completed a final close of its inaugural external venture fund- Galaxy Ventures Fund I (GVF I). Now locking in more than $175 million of initial capital commitments, exceeding its initial goal of raising $150 million. It is a strategic growth move of Galaxy Ventures that has so far been financed using its balance sheet. The new fund reportedly will be making early-stage investments in blockchain startups. The areas include key infrastructure, decentralized finance (DeFi), and consumer crypto solutions.
Galaxy Ventures is considering investments in various sectors, such as stablecoins, tokenization platforms, payment infrastructure, and performance-optimized Layer 1 and 2 blockchains. The fund has already invested $50 million out of an initial closing of $113 million in emerging startups. Some of the portfolio companies backed by Galaxy Ventures are Monad, a high-speed blockchain, and Ethena, a synthetic stablecoin yield-bearing provider.
Institutional investors, family offices, and crypto-native companies fueled the fund to oversubscription, signaling renewed confidence in crypto venture capital. Galaxy Ventures, led by partners Will Nuelle and Mike Giampapa, aims to support portfolio companies with funding and strategic access to broader platform services provided by Galaxy, including resources in infrastructure, market intelligence, and research.
Galaxy Digital, with under management $7 billion as of May 2025, is shifting its focus to infrastructure and software, moving away from hardware-heavy ventures. The company is adapting AI-based data centers and tokenization structures aligning with industry trends. The launch of GVF I signifies Galaxy’s commitment to the future of on-chain technologies.
GVF I’s success will be measured by its impact on accelerating the growth of Web3 startups, indicating a shift from speculation to substance in blockchain investments. This $175 million raise is a strong indicator of renewed confidence in blockchain infrastructure and real-world application projects.
Disclaimer: This post is for informational purposes only and does not provide financial advice. Conduct your research before making any investment decisions.
Author: Ann Mugoiri – A cryptocurrency and blockchain technology enthusiast with over 6 years of experience in the field.
