People familiar with the matter: Galaxy Ventures' new fund will be raised at $180 million by the end of June

浅蓝加深蓝

加密先锋

04-17 11:38

On April 17, billionaire Michael Novogratz's Galaxy Ventures Fund I LP has raised $150 million to build a target of about 30 portfolios, according to Bloomberg, citing people familiar with the matter.

The fund invests in early stage startups with a focus on payments and stablecoins. The limited partners of the new fund are mainly composed of family offices and high net worth individuals. The fund is expected to complete the fundraising by the end of June, with a total amount of $175 million to $180 million, according to a person familiar with the matter who asked not to be named.

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