Galaxy launches a $175 million venture capital fund, accepting external capital for the first time.

ZkSnarker · 2025-06-26T09:42:23+00:00

Galaxy expands its venture capital business with a $175 million fund, exceeding its original target of $150 million. This is the company's first time accepting external capital, while still anchoring investments through its own funds, and providing retail investors with the opportunity to participate in encryption venture capital.

ZkSnarker

2025-06-26 09:42:23

Abstract generation in progress

On June 26, according to reports, Mike Novogratz’s Galaxy is expanding its venture capital business through a $175 million fund. On Thursday, the company announced that the fund has completed its final fundraising, exceeding the initial target of $150 million.

It is reported that this is the first time Galaxy has accepted external capital, but the company still uses its own funds as the anchor investor for the fund, while also serving as a limited partner in the fund and holding general partner rights. As a company listed on Nasdaq in May, Galaxy’s new fund also provides retail investors with a rare opportunity to participate in a crypto venture capital portfolio.

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