Prague-based venture capital firm RockawayX has secured $125 million for its second early-stage crypto fund, according to Forbes. The VC firm, which has been active in the crypto space since 2018, now manages approximately $2 billion in assets. With the new fund, RockawayX plans to primarily focus on investing in startups within the Solana ecosystem. This significant capital raise will allow RockawayX to further expand its investment activities in the rapidly growing crypto industry. The firm's decision to target the Solana ecosystem, which has seen significant growth and adoption in recent years, suggests that RockawayX believes in the long-term potential of this particular blockchain platform. The Solana ecosystem has attracted a number of prominent investors and startups due to its high-speed, low-cost transactions and developer-friendly environment. By focusing on this ecosystem, RockawayX aims to capitalize on the growing demand for blockchain-based solutions and support the development of innovative projects within the space. The success of RockawayX's first fund, which included an early investment in Solana, demonstrates the firm's ability to identify and invest in promising crypto projects. With its second fund, RockawayX is well-positioned to continue its growth and contribute to the development of the crypto industry. Overall, the $125 million raise by RockawayX for its second early-stage crypto fund is a significant development in the venture capital space, highlighting the growing interest and investment in the crypto industry. The firm's focus on the Solana ecosystem suggests that it believes in the long-term potential of this particular blockchain platform and is well-positioned to support the development of innovative projects within the space.
