TL;DR
- RockawayX has closed its second funding fund with $125 million, with as much as 75% allotted to Solana-based startups.
- The agency sees Solana as probably the most strong and sensible blockchain for builders, even surpassing Ethereum in key points.
- A portion of the fund has already been deployed into initiatives like Hyperlend and DoubleZero, fueling crypto ecosystem progress in 2025.
Crypto-focused enterprise capital agency RockawayX has formally introduced the profitable closing of its second funding fund, elevating a complete of $125 million. The technique is to double down on the Solana ecosystem, which has confirmed to be quick, environment friendly, and developer-friendly, traits that few different chains can rival. Between 50% and 75% of this new fund shall be allotted to early-stage Solana-based initiatives, which quantities to an estimated funding of $62 to $94 million.
This isn’t the agency’s first rodeo with Solana. RockawayX was an early backer of Solana Labs in 2019 and has since invested in associated initiatives like Kamino Finance, Squads, and Switchboard. With over $2 billion in property beneath administration, RockawayX goes past investing: they actively construct infrastructure, run validators from their very own European knowledge facilities, and develop customized instruments optimized for blockchain protocols.
Confidence In Solana As The Infrastructure Of The Future
In line with “Samantha Bohbot”, companion and chief progress officer at RockawayX, Solana has a transparent edge over networks like Ethereum, it’s quick, low-cost, and has a product-first mindset. Whereas different chains should still function as analysis experiments, Solana runs like a mission-driven firm striving to turn out to be the dominant blockchain answer.
Moreover, RockawayX doesn’t spend money on simply any Layer 1. Its focus is on real-world functions, constructing on a single community they think about probably the most promising. This interprets into fixed help for founders, from offering liquidity to collaborating on {hardware} design.
New Fund, Contemporary Initiatives, And Tangible Returns
Roughly 20% of this new fund has already been deployed into startups together with DoubleZero, Hyperlend, Exponent, Silhouette, Fragmetric, and OnRe. These investments purpose to supercharge the improvement of DeFi options and decentralized infrastructure. Traders within the new fund embrace a mixture of household places of work, non-public fairness corporations, high-net-worth people, and crypto founders, together with Solana Labs’ personal Anatoly Yakovenko and Raj Gokal.
The success of this second fund is basically attributed to the robust efficiency of RockawayX’s first fund, due to profitable bets like Solana, Wintermute, and Morpho Labs. With greater than 45 group members and new job openings centered on increasing the Solana ecosystem, RockawayX proves that long-term conviction in blockchain isn’t only a perception, it’s a dedication you construct with your individual palms.
