Galaxy Digital

Total investments

106

Average round size

24M

Portfolio companies

88

Rounds per year

17.67

Lead investments

17

Follow on index

0.16

Exits

6

Areas of investment
InternetSoftwareFinancial ServicesFinTechInformation TechnologyFinanceComputerBitcoinCryptocurrencyBlockchain

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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Investments analytics

Analytics

Total investments
106
Lead investments
17
Exits
6
Rounds per year
17.67
Follow on index
0.16
Investments by industry
  • Blockchain (51)
  • Cryptocurrency (40)
  • FinTech (27)
  • Financial Services (24)
  • Software (17)
  • Show 95 more
Investments by region
  • United States (65)
  • Cayman Islands (1)
  • Canada (2)
  • United Kingdom (4)
  • Netherlands (1)
  • Show 15 more
Peak activity year
2021
Number of Unicorns
11
Number of Decacorns
11
Number of Minotaurs
2

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Quantitative data

Avg. startup age at the time of investment
4
Avg. valuation at time of investment
375M
Group Appearance index
0.95
Avg. company exit year
6
Avg. multiplicator
4.66
Strategy success index
1.00

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
BlockFi 29 Jun 2018 Financial Services, Bitcoin, Cryptocurrency, Consumer Lending Seed 2M United States, New Jersey, Jersey City
Renzo 18 Jun 2024 Cryptocurrency Early Stage Venture 17M
How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.