币界网报道：Galaxy Digital has successfully closed its latest crypto venture fund, raising $175 million despite ongoing market volatility. The firm, led by billionaire Mike Novogratz, secured commitments from institutional investors, family offices, and high-net-worth individuals. The fund will focus on early-stage blockchain and crypto startups, with investments ranging from $1 million to $10 million. Novogratz emphasized the long-term potential of the sector, stating that market downturns often present the best opportunities for venture capital. Galaxy Digital plans to leverage its extensive industry network to identify promising projects in decentralized finance (DeFi), Web3 infrastructure, and blockchain gaming. The fund's closure comes as crypto markets face significant price fluctuations, with Bitcoin trading below $30,000. Galaxy Digital remains bullish on the space, citing increasing institutional adoption and technological innovation as key growth drivers. The firm has previously backed notable projects like Blockdaemon and Fireblocks through its venture arm.