The company intends to raise $100 million to launch a crypto fund dedicated to institutional investors.

Despite the current volatility in the cryptocurrency market, investors are returning. In particular, Galaxy Digital asserts its appetites. The company, which was seen as one of the big investment funds in the crypto industry, took a break during the crypto winter which followed the collapse of the Terra Luna ecosystem in May 2022 and bankruptcy. from the FTX crypto exchange in November 2022.

There, Galaxy sets off again with a bang, asserting itself as an essential financial arm of the crypto world. Galaxy has just announced that it is setting up a new $100 million venture capital fund, which will be integrated into its asset management structure.

Finance around thirty start-ups

For the first time, this fund, called Galaxy Ventures Fund I, will welcome external capital, while the company was investing alone in crypto companies. Investors will be able to place their money at Galaxy to get a piece of the crypto pie with real investment quality.

This fund will be intended to finance around thirty start-ups over the next three years, with priority targets being application developers, infrastructure technicians and computer protocol developers, with investment envelopes of one million each time.

To give you an idea, previous funds of this type at Galaxy have already invested in 100 projects over the last 6 years for an amount of $200 million.

Antoine Larigaudrie with Pauline Armandet


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