<ul><li>Galaxy Ventures Fund I LP, led by Michael Novogratz, aims to raise between $175-180 million to support 30 crypto startups focused on crypto and blockchain infrastructure.</li><li>The fund's target is to prioritize stablecoins and payment systems.</li><li>Despite a slowdown in crypto venture capital, Galaxy Ventures Fund I LP is exceeding its original target of $150 million.</li><li>Q1 2025 saw a surge in crypto VC funding, with $7.3 billion raised across 550 deals, driven by AI-related investments.</li></ul>

Galaxy Ventures Targets $180M Raise To Back 30 Crypto Startups By June

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