ChainCatcher news, according to Bloomberg, billionaire Michael Novogratz's Galaxy Asset Management has raised $113 million for its new venture fund, which invests in early-stage startups focused on crypto software, infrastructure, and financial applications.Galaxy Ventures Fund I LP aims to build a portfolio consisting of about 30 investments. The fund has already invested in projects such as Ethena, Monad, and Plume. Galaxy Digital Holdings stated in a press release on Thursday that the fund expects to continue raising capital, with a target of reaching $150 million by next year at the latest. Will Nuelle, another general partner of the fund, mentioned that the fund expects to invest between $3 million and $5 million in each project, although the amounts may vary.

ChainCatcher news, according to TheBlock, cryptocurrency investment platform Truvius has completed a $3.2 million Pre-seed funding round, led by Galaxy Ventures, with participation from New Form Capital, Chainview Capital, and undisclosed angel investors.Truvius stated that it complies with SEC regulations and has partnered with Anchorage Digital, the only federally chartered cryptocurrency bank in the United States.

ChainCatcher news, according to CoinDesk, the liquidity re-staking protocol Renzo announced the completion of a $17 million financing, which was divided into two rounds. The first round was led by Galaxy Ventures, and the second round was led by Abu Dhabi-based Nova Fund -- BH Digital.Previously, Renzo also secured $3.2 million in investments from Maven11, Figment Capital, and Binance Labs.According to the Web3 asset data platform RootData, [Renzo](https://www.rootdata.com/zh/Projects/detail/Renzo Protocol?k=OTk0NA== "Re-staking protocol based on EigenLayer") is a re-staking protocol based on EigenLayer. Renzo abstracts the complex process of re-staking for end users, allowing stakers not to worry about the active selection and management of operators and reward strategies. ezETH is Renzo's liquidity re-staking token, which automatically accrues rewards and ensures liquidity. ezETH allows users to participate in DeFi while retaining re-staking rewards.

ChainCatcher news, according to The Block, the Layer 2 network Plume Network, focused on bringing real-world assets (RWA) on-chain, has raised $10 million in a seed round led by Haun Ventures. Other participating investors include Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, and Reciprocal Ventures.Chris Yin, co-founder and CEO of Plume Network, stated that the company began negotiations with investors in April and ultimately raised four times more than planned, concluding the funding round earlier this month. Plume Network had previously raised $1.6 million through a Simple Agreement for Future Equity (SAFE) and token warrants, with the final amount for that round being $2 million, which is part of the $10 million seed round announced today.Plume Network plans to launch a public incentivized testnet in the coming weeks and roll out its mainnet later this year. The funding will be used to expand the team, particularly in engineering, marketing, and community functions.Additionally, the Web3 asset data platform RootData shows that Plume Network is a Layer 2 platform focused on bringing real assets (RAW) onto the blockchain. It offers fast transactions and low fees for diversified asset investments, such as art and green energy.

ChainCatcher news, according to CoinDesk, the Bitcoin ZK Rollup protocol Citrea has completed a $2.7 million seed round financing, led by Galaxy Ventures, with participation from Delphi Ventures, Taproot Wizards co-founder Eric Wall, and Avail co-founder Anurag Arjun, among others. Citrea plans to use zero-knowledge cryptography to help develop the DeFi and NFT ecosystem within Bitcoin.Citrea's ZK Rollup will be based on the Ethereum Virtual Machine (EVM), which means developers will be able to migrate their applications built for Ethereum and other compatible networks. Citrea has not yet launched, but the team plans to release a test network in the next quarter.

ChainCatcher news, according to The Block, the general sentiment among the 20 most active cryptocurrency venture capital firms regarding the outlook for crypto funding in 2024 is optimistic.Coinbase Ventures: "Our commitment is global and remains steadfast, and we expect our activity to grow in 2024, seeking to expand support for the Base team through the Base ecosystem fund."Galaxy Ventures: "We expect the crypto venture capital environment to remain challenging, and even successful businesses and startups may have to raise funds at flat or declining valuations. More consolidation may occur in the crypto industry, with large companies acquiring smaller ones. Startups with sustainable business models and product-market fit, such as those in the blockchain space and stablecoins, will attract more investment in 2024."Animoca Brands: "Very optimistic, games with web3 components and artificial intelligence may attract more investment in 2024. Web3 games are expected to accelerate development, especially in Asia and the Middle East, while AI in gaming will create more engaging and responsive experiences, such as increasing the complexity and depth of non-player characters and enhancing content creation and asset generation."Shima Capital: "Financing remains cautiously optimistic, with expectations that infrastructure, gaming, and tokenization verticals will receive more investment in the coming year."HashKey Capital: "Actively seeking new investment opportunities, including liquidity investments, planning to expand its asset management business into new markets, and launching diversified funds to meet different investment preferences."Multicoin Capital: "Still optimistic about 2024, especially regarding the Solana ecosystem, and sees a 'huge opportunity' for cryptocurrencies in the AI revolution. Expect a 'new wave of neobanks, DeFi primitives, payment applications, on-ramps and off-ramps, and DEXs (decentralized exchanges)' to emerge in 2024."Polygon Ventures: "Funding for consumer-facing use cases is expected to rebound, including social, financial services, and entertainment, where new category leaders may emerge. The tokenization vertical should also attract more institutional investment in the coming year, with optimism for web3 innovation and adoption."NGC Ventures: "Roger Lim prefers verticals like artificial intelligence and cryptocurrency, Bitcoin Layer 2 networks, modularity, and zero-knowledge technologies; Wayne Zhu is focusing on 'intent-based protocols' as they have the potential to enhance user experience, manage gas fees and slippage more effectively, and improve composability to attract more users; Tony Gu is focused on two verticals: decentralized physical infrastructure networks (DePIN) and decentralized science (DeSci), with DePIN as a consumer-facing application layer that has the potential to drive mass adoption."