· Investment Strategies · 2 sources
NYC VC Fund Launch: Galaxy Ventures Closes $175M+ Fund I for Onchain Economy
New York-based Galaxy Asset Management announced the final close of Galaxy Ventures Fund I at over $175M on June 26, 2025, exceeding its $150M target for onchain startup investing.
Editorial team
Galaxy Asset Management announced the final close of Galaxy Ventures Fund I at over $175 million on June 26, 2025 — exceeding its $150M target and marking Galaxy's transition from balance-sheet to dedicated venture fund investing.
Key facts
- Firm: Galaxy Ventures (Galaxy Digital affiliate)
- Date announced: June 26, 2025
- Fund size: $175M+ (oversubscribed vs. $150M target)
- Focus: Onchain economy — infra, protocols, financialized apps
- Stage: Early-stage
- HQ: New York
- CEO: Mike Novogratz (Galaxy Digital)
Investment categories
Stablecoins, payments, tokenization, blockchain protocols, and supporting software infrastructure.
Portfolio highlights
1Money, Arch Lending, Ethena, M^0, Monad, Plume, Rail, Rain, RedotPay, Ubyx, Yellow Card — 120+ companies total including historical balance sheet bets since 2018.
Why this matters
Galaxy Ventures represents institutional crypto venture maturation in NYC — moving from proprietary balance sheet investing to a dedicated LP-backed fund. Strong LP demand signals continued institutional appetite for onchain startup exposure despite market volatility.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.
