Galaxy Digital Celebrates Final Close of Fund I at $175 Million

Funding | Jun 26, 2025 | Galaxy Digital LP

Galaxy Digital Celebrates Final Close of Fund I at $175 Million

Galaxy Digital LP, a leader at the intersection of cryptocurrency and traditional finance, has announced the final close of its inaugural venture capital fund, Galaxy Ventures Fund I (GVF I), exceeding its initial target by raising over $175 million. The fund underscores Galaxy's commitment to investing in early-stage companies developing foundational technology to support the growing onchain economy. Since 2018, Galaxy has prioritized investment in blockchain infrastructure, protocols, and decentralized markets, culminating in this new fund that has already begun to back promising startups like 1Money, Ethena, and RedotPay. Galaxy's global reach and expertise provide substantial support to its portfolio companies, demonstrating a robust commitment to facilitating the integration of digital assets into global financial infrastructures.

Sectors

  • Financial Services
  • Venture Capital
  • Cryptocurrency

Geography

  • United States – Galaxy Digital, based in the United States, announced the close of its venture fund, showcasing its influence in the U.S. financial and crypto markets.

Industry

  • Financial Services – Galaxy Digital's venture fund aims to back companies reinventing financial services with digital assets.
  • Venture Capital – The article discusses the establishment and funding of a venture capital fund by Galaxy Digital.
  • Cryptocurrency – Galaxy Digital operates at the intersection of cryptocurrency and traditional finance, supporting crypto-native innovation.

Financials

  • $175 million – Total funds raised by Galaxy Ventures Fund I, exceeding the initial target of $150 million.

Participants

NameRoleTypeDescription
Galaxy Digital LPPrivate Equity FirmCompanyA leader at the intersection of the cryptocurrency and traditional financial services industries, responsible for raising Galaxy Ventures Fund I.
Galaxy Ventures Fund IInvestment FundCompanyThe inaugural venture capital fund launched by Galaxy Digital to invest in early-stage companies in the blockchain and cryptocurrency space.