Difference between revisions of "Galaxy Digital"
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*Avalanche. [https://medium.com/avalabs/avalanche-raises-12m-in-private-token-sale-led-by-initialized-galaxy-bitmain-ngc-and-dragonfly-96e5ae2cf6e Participated] (25-6-2020) in a $12M private sale of [[Avalanche (AVAX)|Avalanche]]. | *Avalanche. [https://medium.com/avalabs/avalanche-raises-12m-in-private-token-sale-led-by-initialized-galaxy-bitmain-ngc-and-dragonfly-96e5ae2cf6e Participated] (25-6-2020) in a $12M private sale of [[Avalanche (AVAX)|Avalanche]]. | ||
*[[Axelar Network (AXL)|Axelar]]; was part of one of their 3 financing rounds ([https://blog.coinlist.co/the-state-of-axelar-the-stripe-of-web3/ 1-9-2022]). | *[[Axelar Network (AXL)|Axelar]]; was part of one of their 3 financing rounds ([https://blog.coinlist.co/the-state-of-axelar-the-stripe-of-web3/ 1-9-2022]). | ||
*[[Babylon]]; part of their [https://x.com/babylon_chain/status/1796171723471258091 $70M pre-launch] round (30-5-2024). | |||
*[[Braintrust (BTRST)|Braintrust]]; according to this [https://twitter.com/liron/status/1561166817669722112 thread] (8-2021). | *[[Braintrust (BTRST)|Braintrust]]; according to this [https://twitter.com/liron/status/1561166817669722112 thread] (8-2021). | ||
*[[Bullish Global]]; [https://decrypt.co/70604/eos-block-one-invests-10-billion-exchange?utm_source=telegram&utm_medium=social&utm_campaign=smt participated] in a funding round (12-5-2021). | *[[Bullish Global]]; [https://decrypt.co/70604/eos-block-one-invests-10-billion-exchange?utm_source=telegram&utm_medium=social&utm_campaign=smt participated] in a funding round (12-5-2021). | ||
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*[[Figment Networks|Figment]]; took part in their [https://figment.io/resources/figment-announces-50-million-in-series-b-funding/ $50M Series B] (16-8-2021). | *[[Figment Networks|Figment]]; took part in their [https://figment.io/resources/figment-announces-50-million-in-series-b-funding/ $50M Series B] (16-8-2021). | ||
*[[Fireblocks]], Was part of a [https://decrypt.co/61864/fireblocks-a-hot-investment-with-133-million-series-c Series C] funding raise of $133M (18-3-2021). | *[[Fireblocks]], Was part of a [https://decrypt.co/61864/fireblocks-a-hot-investment-with-133-million-series-c Series C] funding raise of $133M (18-3-2021). | ||
*[[Immutable X (IMX)|Immutable]]; [https://decentralparkcapital.substack.com/p/in-the-weeds-14 8-6-2023] | |||
*[[Index Coop (INDEX)|Index Coop]]; closed a [https://www.coindesk.com/dao-behind-defi-pulse-index-raises-7-7m-from-galaxy-digital-1kx $7.7M funding round] for them (7-7-2021). | *[[Index Coop (INDEX)|Index Coop]]; closed a [https://www.coindesk.com/dao-behind-defi-pulse-index-raises-7-7m-from-galaxy-digital-1kx $7.7M funding round] for them (7-7-2021). | ||
*[[Hashflow (HFT)|Hashflow]]; was [https://messari.io/report/hashflow-certainty-in-execution part of] their Series A round (7-2022). | *[[Hashflow (HFT)|Hashflow]]; was [https://messari.io/report/hashflow-certainty-in-execution part of] their Series A round (7-2022). | ||
Latest revision as of 01:54, 3 June 2024
Basics
- Venture capital firm by Mike Novogratz
- Customer of Fireblocks
Investments
- Got hit by the FTX crash. From Bitcoin.com (10-11-2022): “As of the date of this filing, the partnership has an exposure of approximately $76.8 million of cash and digital assets to FTX, of which $47.5 million is currently in the withdrawal process.”
- Galaxy Digital reported a 2021 Q2 loss of $176M on due to a drop in Crypto Prices
- 1inch. Participated in a $2.8M raise for 1inch (11-8-2020).
- Anchor; Do Kwon mentioned them as part of a $20M raise, calling the participants the 'Anchor whales' (16-3-2021)
- Avalanche. Participated (25-6-2020) in a $12M private sale of Avalanche.
- Axelar; was part of one of their 3 financing rounds (1-9-2022).
- Babylon; part of their $70M pre-launch round (30-5-2024).
- Braintrust; according to this thread (8-2021).
- Bullish Global; participated in a funding round (12-5-2021).
- Celestia; participated in their $55M raise (20-10-2022).
- DODO. Participated in a $5M raise for DODO (15-10-2020).
- Evmos; took part in their $27M token sale (2-11-2022)
- Figment; took part in their $50M Series B (16-8-2021).
- Fireblocks, Was part of a Series C funding raise of $133M (18-3-2021).
- Immutable; 8-6-2023
- Index Coop; closed a $7.7M funding round for them (7-7-2021).
- Hashflow; was part of their Series A round (7-2022).
- NuCypher. Backer of NuCypher (9-10-2020).
- OP Crypto Capital Management; (Huobi's Metaverse fund), joined in the launch of it's $25M fund (6-9-2021).
- Opium Protocol. Part of a $3.25M raise (2-11-2020).
- ParaFi. Is a backer of ParaFi (20-8-2020).
- Polygon: participated in a $450M private sale (7-2-2022).
- Radicle; one of the backers named as an early supporter (17-2-2021).
- Ramp; led its $10.1M seed round (6-2021).
- Skale. Is on the list of supporters of Skale (31-7-2020).
- Terra; is mentioned as an investor in one of their blogs (5-1-2021). Was part of the $150M ecosystem fund for Terra as well (16-7-2021). When UST depegged and the Terra ecosystem crashed down, founder Novogratz reflected on it writing: "My tattoo will be a constant reminder that venture investing requires humility."
Galaxy Digital Ventures
- Michael Novogratz, bought $7.5M shares of his company for $4.8M; Novogratz now owns 79.3% of company shares. Galaxy saw a net loss of $76.65M in Q3 2018 which Novogratz described as the reality of building "a business in a bear market"
Galaxy Digital Partners
Current employees
- Chris Ferraro; partner at Galaxy Digital and board of directors at BlockFi
- Laid off (1-2020) 13 people, roughly 15 percent of its workforce.
Partners
- Is a sponsor of Coin Center (as of 6-2019)
- Galaxy Digital and Bakkt will team up (10-6-2020) to offer buying and custodial services.
