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Galaxy has completed its first external fundraising venture capital fund with $175 million, exceeding its fundraising target.
[Coin World][Galaxy Completes $175 Million First External Fundraising Venture Capital Fund] Crypto giant Galaxy has announced the completion of its first venture capital fundraise, totaling $175 million, surpassing the initial target of $150 million. This fund marks Galaxy's first introduction of external capital, focusing on investments in stablecoins, Decentralized Finance, and other areas where TradFi intersects with Blockchain. Galaxy has deployed approximately $50 million into projects such as Monad and Ethena.