Galaxy has announced the closing of its first externally raised crypto venture fund, totaling $175 million, surpassing its initial $150 million target.
Funding Early-Stage Startups
Galaxy Ventures focuses on early-stage investments in projects linking traditional financial instruments with digital assets. General partner Mike Giampapa stated that the fund will support startups working on stablecoins and decentralized finance.
Supporting Institutional Investors
While not disclosing the names of the investors, Giampapa noted that the fund includes institutional investors such as family offices and funds already working with Galaxy's asset management. The fund has already invested about $50 million in companies like Monad and Ethena.
Galaxy's Strategy in the Crypto Space
Founded in 2018 by Mike Novogratz, Galaxy operates across asset management, mining, and ETFs. In 2025, the company reported managing $7 billion in assets. The fund's strategy is aimed at long-term investments in bridging traditional and digital finance.
The Galaxy Ventures fund represents a move toward more practical blockchain applications and a commitment to strengthening ties between traditional and digital finance.
