Announcing $175M+ Final Close for Galaxy Ventures Fund I
We’re proud to share the final close of Galaxy Ventures Fund I (“GVF I”) at over $175 million, exceeding our initial target of $150 million. This marks a major milestone for Galaxy Ventures and supports our mission to back the best companies reinventing financial services with digital assets.
Galaxy sits at the intersection of the crypto-native frontier and traditional financial services, allowing each side to cross the aisle. We built Galaxy Ventures to mirror that identity and specifically, to support the early-stage founders who are technology innovators with potential applications in crypto’s transformation of financial services over the next two decades. GVF I marks a new chapter and will allow us to expand our capabilities in delivering on that mission.
Investing in the Onchain Economy
Starting in 2018, we began investing from Galaxy’s balance sheet with a consistent thesis of backing early-stage companies building foundational technology and financial primitives that underpin and enable the onchain economy, from onchain payments and stablecoins to decentralized markets, L1/L2 protocols, and blockchain infrastructure. Our highlights from these years include Avalanche, Bison Trails, Celestia, Fireblocks, Mesh, Turnkey, and many more.
With the support of our partners, we made the decision in 2024 to raise our inaugural venture capital fund, GVF I, to double-down on this thesis and to invest in the leading blockchain protocols, financialized applications, and software infrastructure providers.
Since launching the fundraise, we’ve partnered with a global base of LPs including institutions, family offices, and strategic partners across the digital asset landscape. The Fund’s successful close is a reflection of our team’s domain expertise, long-standing relationships in the crypto ecosystem, and commitment to supporting visionary founders at the earliest stages.
A Portfolio with a Mission
The Fund is already active, and our portfolio includes some of the most promising startups in the space including: 1Money, Arch Lending, Ethena, M^0, Monad, Plume, Rail, Rain, RedotPay, Ubyx, and Yellow Card, among others. These companies are building core infrastructure and real-world use cases across payments, onchain assets, blockchain infrastructure, and more.
Taken together with legacy investments from Galaxy’s balance sheet, Galaxy Ventures has now backed more than 120 companies since 2018.
A Venture Team Built for Builders
Our team at Galaxy Ventures brings deep roots in crypto investing, protocol design, and technical infrastructure. Combined with Galaxy’s global reach and various operating businesses—spanning trading, staking, tokenization, asset management, custody, investment banking, and more—we offer a unique breadth and depth of resources for founders to tap into. Our dedicated Venture Platform team also provides hands-on operational support across communications, design, talent, and business development to help portfolio companies scale faster and smarter.
The Road Ahead
As crypto continues its evolution and becomes more widely adopted, we believe the onchain economy will become a core part of the global financial infrastructure. Galaxy Ventures Fund I is our commitment to the founders building that future, and we’re honored to support them.
Thank you to our community of founders and limited partners for your support and partnership. We look forward to building the next phase of this industry with you all.
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