Galaxy Fund Nears $180M to Fuel Crypto Startup Growth

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A report by Bloomberg dated April 17, 2025, notes that Galaxy Ventures Fund I LP is gathering funds faster than the expected pace and is expected to collect funds of around $170 million to $180 million for making a portfolio of 30 crypto and blockchain-based budding companies.

It is worth noting that Galaxy Ventures, led by billionaire Michael Novogratz, is expected to be achieved by June 2025. Bloomberg reported that the funds focused on stablecoins and payments have surpassed the milestone of gathering $150 million in funding, citing a person aware of the concern.

However, despite the growth in prices of cryptocurrencies, the business of venture capital remains steady and slow, with some of the known VCs facing losses in the millions.

VCs invested over $11.5 billion in crypto and blockchain in 2024

As per Galaxy Ventures Fund I LP, in the whole of 2024, venture capitalists collectively invested over $11.5 billion in blockchain and crypto in 2,153 deals. The amount invested in the last year is comparatively higher than the amount invested in the year 2023.

The report by Galaxy Ventures dated January 15, 2025, underlines that, “ In Q4 2024, venture capitalists invested $3.5bn (+46% quarter on quarter) into crypto and blockchain-focused startups across 416 deals (-13% quarter on quarter).”

In the same quarter, only 40% of VCs invested in later-stage companies, yet around 60% of them showed their keen interest towards early-stage companies.

Funding in crypto & blockchain to grow above $20B by 2025 end?

The information available on Rootdata(dot)com notes that since the beginning of 2025, the total fund raised by crypto-based companies has been $5.05 billion, up by 84.06%, but the total number of rounds fell from 392 to 304

Rootdata(dot)com

In the first month of this year, the crypto market raised $816,020,00, and in February 2025, the total amount raised was $953,571,192. In March, there were 76 funding rounds, and the total amount raised was $2,888,278,596.

As per experts, the funding in the crypto and blockchain is expected to reach a new milestone by the end of 2025; however, there are also claims that the funding amount is likely to reach $20 billion by the end of this year.

Crypto market price updates

When writing, the crypto market cap was $2.67 trillion with a surge of 1.84% in the past 24 hours, and at the same time, the crypto fear and greed index was at 30.

In the past 24 hours, Bitcoin has shown a reversal with a surge of 1.81% and is now exchanging hands at $84,881, and at the same Ethereum was at $1,606 with an addition of 2.43% intraday.

According to CoinMarketCap the intraday gainers list has been ruled by Raydium, Hyperliquid, Fartcoin, Helium, Render, and Solana.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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