Galaxy Ventures is the venture capital arm of Galaxy Asset Management, a division of Galaxy Digital Inc. (NASDAQ/TSX: GLXY). Based in New York, Galaxy Ventures backs early-stage companies that are building the foundational infrastructure and applications powering the onchain economy. The team leverages Galaxy’s global institutional platform to provide portfolio companies with unique access to capital, infrastructure, and market intelligence.
Galaxy Ventures targets early-stage startups in the digital asset and blockchain space, focusing on:
The fund is particularly interested in technologies that enable real-world crypto adoption and scalable use cases across financialized applications and onchain services.
In June 2025, Galaxy Ventures closed its first fund, Galaxy Ventures Fund I (GVF I), at over $175 million, surpassing its fundraising target.
The fund is backed by a diverse mix of institutional investors, strategic crypto firms, and family offices.
GVF I focuses on startups building critical onchain infrastructure, including:
The close of GVF I during a challenging capital-raising environment for crypto VC underscores Galaxy’s established market credibility and integrated platform approach.
Leadership
Galaxy Ventures is led by Will Nuelle and Mike Giampapa, with support from a dedicated investment team and the broader Galaxy ecosystem. The firm benefits from close alignment with Galaxy Digital’s global business lines, including trading, asset management, staking, and blockchain infrastructure services.
Galaxy’s founder and CEO, Mike Novogratz, remains a prominent figure in the digital asset industry, helping to drive strategic focus and institutional relationships across the firm.
Investment Strategy
Galaxy Ventures takes a thesis-driven approach focused on secular growth themes in digital assets, such as stablecoins, payments, and tokenization.
The firm provides more than just capital: its Ventures Platform team supports founders with company-building resources, market access, and integration opportunities across Galaxy Digital’s business lines.
With over 120 investments made to date across historical balance sheet activity and the GVF I portfolio, the team brings depth of experience and a strong network in crypto-native and institutional ecosystems.
Notable Investments
The GVF I portfolio includes:
These startups span infrastructure, decentralized finance, cross-border payments, and tokenized asset ecosystems. Including prior balance sheet investments, Galaxy Ventures has supported over 120 companies across the crypto value chain.
Notable Exits
Specific exits from Galaxy Ventures Fund I have not yet been announced. However, Galaxy has historically participated in several prominent digital asset investments via its broader platform.
Other
Galaxy Ventures offers founders a strategic advantage through its integration with Galaxy Digital’s trading, infrastructure, and investment ecosystem.
The firm is well-positioned to support startups tackling the next generation of blockchain adoption challenges, particularly those with global scalability and institutional relevance.
