RockawayX has completed a $125 million early-stage fundraise, focusing on investments in the Solana ecosystem.

According to Gate.io News bot, RockawayX, a Prague-based crypto venture capital firm, has completed fundraising for its second early-stage fund, totaling $125 million, as reported by Forbes. RockawayX invested in Solana in 2018 and currently manages assets worth $2 billion.

The new fund will focus on investing in Solana ecosystem startups, with two-thirds of the funds allocated for seed round investments and the remaining portion allocated for liquidity and yield-generating assets. RockawayX CEO Victor Fischer pointed out that the fund focuses on on-chain yield projects, driven by the popularity of stablecoins which boosts the demand for yield-related applications.

Currently, RockawayX has supported over 15 Solana projects. The company will collaborate with the Solana Foundation and Helius Labs to establish the “Solana City” accelerator center in Dubai on May 1.

SOL-0.09%
BOT-10.37%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)