📢 Latest news! Billionaire Michael Novogratz's Galaxy Asset Management is making another big move! According to Bloomberg, Galaxy Asset Management has raised $113 million for its new venture fund, Galaxy Ventures Fund I LP, which focuses on investing in early-stage startups in crypto software, infrastructure, and financial applications. Isn't that cool?
This time, Galaxy Ventures Fund I LP plans to build a portfolio of about 30 investments, and has already invested in projects such as Ethena, Monad, and Plume. It seems that Galaxy Digital Holdings is confident in these projects! Moreover, the fund continues to raise funds, with the goal of reaching $150 million next year. Are you looking forward to their next performance?
According to a statement from Galaxy Digital Holdings, the fund expects to invest between $3 million and $5 million in each project, but the specific amount may vary. Another general partner, Will Nuelle, also said that these investments will be adjusted according to the specific needs of the project. It seems that they are really carefully selecting and supporting these startups!
For crypto enthusiasts, this is undoubtedly exciting news. After all, more capital investment means more opportunities for innovation and development. Although we are neutral on the market, we have to say that such investment trends have indeed injected new vitality into the industry.
Friends, what do you think of this big investment by Galaxy Ventures Fund I LP? Do you think these startups can stand out in the future crypto market? Welcome everyone to speak freely in the comment area and share your views and insights! 💬
In general, this move by Galaxy Asset Management has undoubtedly brought new hope and motivation to the crypto industry. Whether you are an investor, developer or ordinary user, you can see the future development potential of the industry from it. Let us look forward to the wonderful performance of these startups together!
Remember to leave your opinions in the comment area, let's discuss and grow together!
