Galaxy Digital said to put together $100M fund to invest in crypto startups

seekingalpha04-04

Galaxy Digital Holdings (OTCPK:BRPHF) is planning to raise $100M to create a fund that will invest in as many as 30 cryptocurrency startups over the next three years, according to a media report dated...

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The new fund, dubbed Galaxy Ventures Fund I, LP, will target financial apps, software infrastructure and protocols building in crypto, CoinDesk reported, citing an investor letter. Crypto-venture capital isn't a new foray for Galaxy Digital . Over the past six years, the company invested $200M in more than 100 projects, the article said. Last year, Galaxy  added its venture-capital unit to its asset-management business. Mike Novogratz's Galaxy Digital  did not immediately respond to Seeking Alpha's request for comment.  More on Galaxy Digital  Galaxy Digital Holdings Ltd.  Q4 2023 Earnings Call Transcript Galaxy Digital: The Outlook Is Stronger Than Ever Historical earnings data for Galaxy Digital Financial information for Galaxy Digital","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BRPHF":"Galaxy Digital Holdings Ltd.","BK4135":"资产管理与托管银行"},"translate_title":"银河数码表示将筹集1亿美元资金投资加密初创公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRPHF":1},"content_text":"Galaxy Digital Holdings (OTCPK:BRPHF) is planning to raise $100M to create a fund that will invest in as many as 30 cryptocurrency startups over the next three years, according to a media report dated Wednesday. The new fund, dubbed Galaxy Ventures Fund I, LP, will target financial apps, software infrastructure and protocols building in crypto, CoinDesk reported, citing an investor letter. Crypto-venture capital isn't a new foray for Galaxy Digital (OTCPK:BRPHF). Over the past six years, the company invested $200M in more than 100 projects, the article said. Last year, Galaxy (OTCPK:BRPHF) added its venture-capital unit to its asset-management business. Mike Novogratz's Galaxy Digital (OTCPK:BRPHF) did not immediately respond to Seeking Alpha's request for comment.  More on Galaxy Digital  Galaxy Digital Holdings Ltd. 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