Galaxy Ventures I raises $100 million, exceeding its target

Odaily Star Daily News: Galaxy Ventures I, a venture capital fund under Galaxy Digital, has raised $100 million, exceeding its original target. This fund focuses on equity and token investments in early-stage Web3 and cryptocurrency startups, with investment areas covering infrastructure DeFi、 Security, development tools, and consumer applications. According to the fundraising documents, Galaxy Ventures I has attracted at least 7 institutional investors. The fund is led by Mike Novogratz, CEO of Galaxy Digital. （Cointelegraph）