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Galaxy Digital LP

Founders David J. Namdar Michael Novogratz Sam Englebardt

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 113
Average round size
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The average size of a deal this fund participated in
$24M
Portfolio companies 93
Rounds per year 18.83
Lead investments 21
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.17
Exits 6
Key employees 8

Areas of investment

  • Blockchain
  • Cryptocurrency
  • FinTech
  • Financial Services
  • Software
Summary

Galaxy Digital LP appeared to be the Corporate Investor, which was created in 2018. The main department of described Corporate Investor is located in the New York. The venture was found in North America in United States.

The fund was created by David J. Namdar, Michael Novogratz. We also calculated 6 valuable employees in our database.

The top activity for fund was in 2019. The common things for fund are deals in the range of 10 - 50 millions dollars. Speaking about the real fund results, this Corporate Investor is 10 percentage points more often commits exit comparing to other organizations. The fund is generally included in 7-12 deals every year. The average startup value when the investment from Galaxy Digital LP is 100-500 millions dollars.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the Galaxy Digital LP, startups are often financed by The Chernin Group, True Ventures, Trail Mix Ventures. The meaningful sponsors for the fund in investment in the same round are SVK Crypto, Digital Currency Group, CMT Digital Ventures LLC. In the next rounds fund is usually obtained by Vijay Shekhar Sharma, Vestigo Ventures, Recruit Holdings.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 1 of the founder, the chance for it to be financed is low. Among the most popular portfolio startups of the fund, we may highlight BitGo, BlockFi Lending LLC, ABE Global. Among the most popular fund investment industries, there are Hardware, Software. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Yala

Bitcoin
Blockchain
Cryptocurrency
10 Oct 2024 -

Arch

Credit
Financial Services
FinTech
Lending
$5M22 Aug 2024 New York, New York, United States

Chaos Labs

Blockchain
Cloud Infrastructure
Risk Management
Software
Web Development
$55M15 Aug 2024 New York, New York, United States

Layer2 Financial

Cryptocurrency
Financial Services
FinTech
Trading Platform
$8M31 Jul 2024 Toronto, Ontario, Canada

Truvius

Asset Management
Financial Services
Online Portals
Software
$3M18 Jul 2024 Boston, Massachusetts, United States

Renzo

Cryptocurrency
$17M18 Jun 2024 -

Plume Network

$10M24 May 2024 -

Karma3 Labs

$4M01 Mar 2024 -

Citrea

$2M21 Feb 2024 -
News
Hashflow Announces $3.2M Seed Round To Bring Professional Market Makers to DeFi, Backed By Dragonfly Capital and Electric Capital

– Hashflow, a decentralized exchange connecting DeFi traders with top crypto market makers, has closed a seed funding round of $3.2 million from leading venture capital firms and angel investors.
– The round was led by Dragonfly Capital and Electric Capital, and joined by IDEO Ventures, Alameda Research, Metastable, Galaxy Digital, Unanimous Capital, and angels including Balaji Srinivasan, Kain Warwick, & Ryan Sean Adams.
– Decentralized exchanges on Ethereum have seen rapid growth over the past year with over $215 billion traded on DeFi alone in Q1 2021. This growth can be credited to the popularity of Automated Market Makers (AMMs) which catalyzed DeFi’s explosive growth by offering a simple and permissionless on-chain trading experience.

Komainu Raises $25M in Series A Funding

– Komainu is a St. Helier, Jersey-based regulated digital asset custody services provider.
– The company closed a $25m Series A funding led by Alan Howard of Elwood Asset Management with additional participation from Galaxy Digital, NOIA Capital and Nomura Research Institute (NRI).
– The new funding will be used to expand the company’s custody solution to support additional assets and functionality, grow geographically, and to provide complementary services in the digital asset prime brokerage business.
– Henson Orser is the President of Komainu.

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Total investments 113
Average round size 24M
Rounds per year 18.83
Peak activity year 2021
Lead investments 21
Follow on index 0.17
Exits 6
Group Appearance index 0.95

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Yala

Bitcoin
Blockchain
Cryptocurrency
10 Oct 2024 -

Arch

Credit
Financial Services
FinTech
Lending
$5M22 Aug 2024 New York, New York, United States

Chaos Labs

Blockchain
Cloud Infrastructure
Risk Management
Software
Web Development
$55M15 Aug 2024 New York, New York, United States

Layer2 Financial

Cryptocurrency
Financial Services
FinTech
Trading Platform
$8M31 Jul 2024 Toronto, Ontario, Canada

Truvius

Asset Management
Financial Services
Online Portals
Software
$3M18 Jul 2024 Boston, Massachusetts, United States

Renzo

Cryptocurrency
$17M18 Jun 2024 -

Plume Network

$10M24 May 2024 -

Karma3 Labs

$4M01 Mar 2024 -

Citrea

$2M21 Feb 2024 -
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