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Novogratz’s Galaxy Gets $350 Million for Startup Investing
- Ubisoft and NetEase are among the investors in the new fund
- Video gaming will be one of the areas the fund seeks to tap
Mike Novogratz
Photographer: Joe Buglewicz/BloombergThis article is for subscribers only.
Mike Novogratz’s Galaxy Digital Holdings Ltd. said an affiliate raised $325 million for a second fund investing in interactive content, fintech and technology, aiming to tap younger people’s embrace of the digital world.
Video game-makers NetEase Inc. and Ubisoft Entertainment, as well as pension funds, were among those contributing capital, according to a statement and an interview with Galaxy Interactive General Partner Sam Englebardt.