The Cripto Venture Fund Galaxy Ventures could hit the middle function of $ 180 million: Report

The Galaxy Fund in Ventures Michael Novogratz was expected to collect about $ 175 million to $ 180 million to the end of June to build a portfolio of 30 crypto and block startup.

Toward By 17. April Bloomberg report stating people who are familiar with the question, the fund – who had a focus on payments and stablecoins – surpassed their goal to collect $ 150 million.

The closure of the fund above the goal comes at a time when the capital is a cropto endeavor to the ground despite the industrial administration in the United States.

Earlier this year, newgroce company export that 2024 was also a difficult year for CRIPTO VC despite potential market drivers such as Bitcoin ETFS, Memecoin Craze and AI AGENTSWhat was said “is not particularly suitable for risky capital.”

Venture capitalists invested $ 11.5 billion in Cripto and Clocchain focused starts in 2,153 contracts in 2024. years, they reported. That was somewhat more than 10 billion dollars invested in 2023. years, but to which it is up to over $ 30 billion in 2022. Year.

CRIPTO VC investments in America also decreased by 22% to about $ 1.3 billion in the first quarter of 2025. years, according to Pitac. It is also export If it was turning to AI, with a sector, which cashed 58% of global dollars in the first quarter in the first quarter.

Global CRIPTTO VC financing has reached $ 4.8 billion in K1, most of K3 2022, export Criptoranken earlier this month. However, $ 2 billion investment In binance, the MGK investment firm was almost half of that.

Related: Galaxy Digital Digital Digital Mike Novogratz gets SEC Napada on Nasadak in the list

The initial close fund of Galaxy Untutures was in June 2024. years, when it is Raised $ 113 million. At that time, the Fund’s portfolio included a Synthetic dollar issuer Etena; M ^ zero, protocol protocol liquidity stableCoin; Layer-1 BlickCain Monad; layer-2 tokenized knitted assets; and Renzo, a protocol that supports derivatives on property locked in Eiglaier and Ethereum.

Cripto does what he should do

General Manager of Galaxy Mike Novogratz remains secure in crypto and bitcoin (Btc), stating on x 16. April that “do what should,” and “act as a report card at the financial manager.”

“At the time of insecurity, it also reflects the flight towards the security and long-term bet on the new financial system. But as young assets, it is still necessary to grow adoption failed in the disorder.”

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