Galaxy Digital
Overview
Technology-driven financial services and investment management for digital
Deals ยท 12mo
3
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
Superstate | Jan 2026Participated | $83 MSeries B | |
Row64 | Jan 2026Led | $4 MSeed | |
Ripple | Nov 2025Participated | $500 MOther Equity | |
Solana | Sep 2025Participated | $1.6 BOther Equity | |
Forward Industries | Sep 2025Led | $1.6 BOther Equity | |
Sharplink Gaming | Sep 2025Participated | $425 MOther Equity | |
Commonwealth Fusion | Aug 2025Participated | $863 MSeries B | |
Function | Jul 2025Participated | $10 MSeed | |
Soluna | Mar 2025Led | $5 MDebt | |
MoonPay | Feb 2025Participated | $160 MDebt | |
Superlogic | Feb 2025Participated | $14 MSeries A | |
Avalanche | Dec 2024Led | $250 MICO | |
Superstate | Jan 2026Participated | $83 MSeries B | |
Row64 | Jan 2026Led | $4 MSeed | |
Ripple | Nov 2025Participated | $500 MOther Equity | |
Solana | Sep 2025Participated | $1.6 BOther Equity | |
Forward Industries | Sep 2025Led | $1.6 BOther Equity | |
Sharplink Gaming | Sep 2025Participated | $425 MOther Equity | |
Commonwealth Fusion | Aug 2025Participated | $863 MSeries B | |
Function | Jul 2025Participated | $10 MSeed | |
Soluna | Mar 2025Led | $5 MDebt | |
MoonPay | Feb 2025Participated | $160 MDebt | |
Superlogic | Feb 2025Participated | $14 MSeries A | |
Avalanche | Dec 2024Led | $250 MICO |
Insights
Time horizon
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Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Seed | 19 | 24 |
| Series A | 16 | 35 |
| Series B | 3 | 19 |
| Series C+ | 2 | 7 |
| Other Equity | 19 | 27 |
| ICO | 1 | 0 |
| Debt | 1 | 1 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Oct '17 | 1 |
| Nov '17 | 0 |
| Dec '17 | 0 |
| Jan '18 | 1 |
| Feb '18 | 1 |
| Mar '18 | 0 |
| Apr '18 | 0 |
| May '18 | 0 |
| Jun '18 | 3 |
| Jul '18 | 1 |
| Aug '18 | 0 |
| Sep '18 | 0 |
| Oct '18 | 2 |
| Nov '18 | 3 |
| Dec '18 | 3 |
| Jan '19 | 1 |
| Feb '19 | 1 |
| Mar '19 | 0 |
| Apr '19 | 2 |
| May '19 | 0 |
| Jun '19 | 3 |
| Jul '19 | 1 |
| Aug '19 | 2 |
| Sep '19 | 2 |
| Oct '19 | 3 |
| Nov '19 | 5 |
| Dec '19 | 0 |
| Jan '20 | 0 |
| Feb '20 | 0 |
| Mar '20 | 1 |
| Apr '20 | 1 |
| May '20 | 1 |
| Jun '20 | 3 |
| Jul '20 | 1 |
| Aug '20 | 2 |
| Sep '20 | 0 |
| Oct '20 | 1 |
| Nov '20 | 3 |
| Dec '20 | 4 |
| Jan '21 | 0 |
| Feb '21 | 2 |
| Mar '21 | 6 |
| Apr '21 | 2 |
| May '21 | 6 |
| Jun '21 | 2 |
| Jul '21 | 4 |
| Aug '21 | 6 |
| Sep '21 | 6 |
| Oct '21 | 7 |
| Nov '21 | 7 |
| Dec '21 | 1 |
| Jan '22 | 3 |
| Feb '22 | 2 |
| Mar '22 | 9 |
| Apr '22 | 4 |
| May '22 | 6 |
| Jun '22 | 2 |
| Jul '22 | 2 |
| Aug '22 | 1 |
| Sep '22 | 4 |
| Oct '22 | 3 |
| Nov '22 | 2 |
| Dec '22 | 1 |
| Jan '23 | 0 |
| Feb '23 | 2 |
| Mar '23 | 2 |
| Apr '23 | 1 |
| May '23 | 0 |
| Jun '23 | 0 |
| Jul '23 | 1 |
| Aug '23 | 0 |
| Sep '23 | 3 |
| Oct '23 | 0 |
| Nov '23 | 1 |
| Dec '23 | 0 |
| Jan '24 | 1 |
| Feb '24 | 3 |
| Mar '24 | 1 |
| Apr '24 | 1 |
| May '24 | 0 |
| Jun '24 | 2 |
| Jul '24 | 0 |
| Aug '24 | 0 |
| Sep '24 | 3 |
| Oct '24 | 1 |
| Nov '24 | 0 |
| Dec '24 | 1 |
| Jan '25 | 0 |
| Feb '25 | 2 |
| Mar '25 | 1 |
| Apr '25 | 0 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 1 |
| Aug '25 | 1 |
| Sep '25 | 3 |
| Oct '25 | 0 |
| Nov '25 | 1 |
| Dec '25 | 0 |
| Jan '26 | 2 |
| Feb '26 | 0 |
| Mar '26 | 0 |
| Apr '26 | 0 |
| May '26 | 0 |
| Jun '26 | 0 |
| Jul '26 | 0 |
| Aug '26 | 0 |
| Sep '26 | 0 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Crypto & Blockchain | 96 |
| Fintech | 53 |
| Gaming & eSports | 49 |
| Media & Entertainment | 32 |
| Networks, Cloud & Communication | 25 |
| Enterprise Software | 23 |
| AR/VR | 15 |
| Data, Analytics & IT | 14 |
| Developer Tools | 14 |
| Cybersecurity & Privacy | 12 |
| Social & Community Platforms | 11 |
| Marketing & Advertising | 10 |
| Hardware & Robotics | 10 |
| AI & Machine Learning | 10 |
| Professional Services | 9 |
| Consumer & Lifestyle | 7 |
| Health & Life Sciences | 7 |
| E-Commerce & Retail | 5 |
| Clean Energy & Sustainability | 4 |
| Manufacturing | 3 |
| Space & Frontier Tech | 2 |
| Travel & Hospitality | 1 |
| Education & Workforce | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 31 |
| $5M-$10M | 36 |
| $10M-$25M | 49 |
| $25M-$50M | 27 |
| $50M-$100M | 11 |
| $100M-$250M | 11 |
| $250M-$500M | 5 |
| $500M-$1B | 2 |
| $1B+ | 2 |
Deals By Geography
Top 10 of 14 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 130 |
| Europe | 22 |
| Cayman Islands | 5 |
| Israel | 3 |
| Canada | 3 |
| Singapore | 2 |
| Australia | 2 |
| 01845 | 1 |
| China | 1 |
| India | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| Animoca Brands | 13 |
| Coinbase Ventures | 13 |
| BITKRAFT Ventures | 10 |
| Dragonfly | 9 |
| Alameda Research | 8 |
| CMT Digital | 8 |
| Andreessen Horowitz | 7 |
| Republic | 7 |
| Digital Currency Group | 6 |
| Hashed | 6 |
| HashKey Capital | 6 |
| Jump Crypto | 6 |
| Makers Fund | 6 |
| Polychain Capital | 6 |
| Tiger Global | 6 |
| Blockchain Capital | 5 |
| CoinFund | 5 |
| Kindred Ventures | 5 |
| Kleiner Perkins | 5 |
| ParaFi Capital | 5 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 61 | 35% |
| Participating | 113 | 65% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 31 | 51% |
| Co-led | 30 | 49% |
Team
Co-Head Galaxy Digital Trading
Portfolio Manager
Investor
Vice President
Founder
VP of Research
Co-Founder and Partner
Managing Director, CIO
Head of EMEA