Insiders: Galaxy Ventures' new fund will raise $180 million by the end of June

On April 17th, according to Bloomberg citing informed sources, billionaire Michael Novogratz's Galaxy Ventures Fund I LP has raised $150 million to establish a target of approximately 30 investment portfolios. The fund invests in early-stage startups, with a focus on the payment and stablecoin sectors. The limited partners of the new fund are mainly composed of family offices and high net worth individuals. According to an anonymous source, the fund is expected to complete fundraising by the end of June, raising a total of $175 million to $180 million.