Crypto investment fund Galaxy Digital Holdings announced that its entertainment-focused affiliate, Galaxy Interactive, has raised a second $325 million fund. The capital is from over 70 different sources, including institutional investors, strategic investors, and family offices. Galaxy Interactive’s venture fund is part of Galaxy Digital asset management, which managed a total of $2.2 billion in assets as of the end of September.
Galaxy Interactive was founded in 2018 with a first $325 million fund managed by general partners Sam Englebardt and Richard Kim, targeting the entertainment sector, especially gaming. Although the focus of Galaxy Digital is blockchain and digital assets, Galaxy Interactive also funds projects that are not directly blockchain-related.
The previous fund invested in over 60 interactive companies, including Mythical Games, GreenPark, Genvid, Immutable, and Bad Robot Games. Of the latest $325 million fund, $150 million has already been invested or earmarked, including for 15 additional companies.
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