Galaxy Plans to Raise $100M for Crypto Venture Fund

Galaxy Digital’s venture team has long invested its own money in crypto companies. Now, it’s planning to do that with outside investors’ capital, too. The crypto investments giant is putting together a $100 million fund that will invest in early-stage crypto companies, according to an investor email shared with CoinDesk. Galaxy moved its venture capital franchise into its asset management business in 2023. The new fund “will continue the success of our proprietary balance sheet investing but through a direct, institutional-grade fund,” the email noted. Galaxy is already a prolific investor in crypto companies; according to the email, it invested $200 million into more than 100 projects over the past six years.

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