Galaxy Digital’s enterprise group has lengthy invested its personal cash in crypto firms. Now, it’s planning to try this with exterior traders’ capital, too. The investments large is placing collectively a $100 million fund that may spend money on early-stage crypto firms, in keeping with an investor e mail shared with CoinDesk. Galaxy moved its enterprise capital franchise into its asset administration enterprise in 2023. The Galaxy Ventures Fund I fund goals to spend money on as many as 30 startups over the following three years, with checks beginning at $1 million. It’s going to goal monetary functions, software program infrastructure and protocols constructed on crypto, the e-mail mentioned. The brand new fund “will proceed the success of our proprietary steadiness sheet investing however by way of a direct, institutional-grade fund,” the e-mail mentioned.
