🇺🇸 Mike Novogratz’s Galaxy Ventures Fund I LP has exceeded its initial fundraising goal of $150 million, with expectations to close between $175 million and $180 million by the end of June, according to a Bloomberg report.

The fund focuses on early-stage startups, emphasizing payments and stablecoins, and is closing at a time when venture funding in the crypto industry remains challenging.

Galaxy Ventures, which has historically invested between $30 million and $50 million annually from its own resources, has opened this new fund to outside investors, primarily family offices and high-net-worth individuals.

What are your thoughts on the future of venture funding in the crypto space? 💬