Prague-based crypto venture firm RockawayX has secured $125 million for its second early-stage fund to empower Solana-based startups. This bold move signals strong confidence in Solana’s fast, scalable network, promising to drive innovation and growth in decentralized finance and beyond.
RockawayX Unveils $125M Fund
RockawayX, which manages roughly $2 billion in assets, raised the $125 million through strategic investments from institutional and crypto-focused backers, capitalizing on its 2018 success with Solana. The fundraising reflects growing investor trust in Solana’s ecosystem, known for low-cost, high-speed transactions.
Approximately two-thirds of the fund will target seed-stage Solana startups, supporting early projects in decentralized finance (DeFi), AI-driven blockchain applications, and validator infrastructure. The remaining one-third will be allocated to liquid assets and yield-generating opportunities, such as staking Solana tokens to earn rewards.
By backing many of Solana’s projects already, RockawayX aims to grow developers and entrepreneurs, enhancing its total value locked (TVL), currently over $7 billion, and positioning it as the second-largest blockchain behind Ethereum. This is expected to attract more developers, boost transaction volumes, and strengthen Solana’s competitive edge in the crypto market.
Institutional Interest in Solana Grows
RockawayX’s focus on Solana is not new. The company’s 2018 seed investment in the blockchain yielded a fivefold return by 2021, showing its interest in spotting high-potential crypto ventures. The firm’s know-how in running validators, like its Firedancer server, shows that it is deeply committed.
Other firms have followed suit with this crypto-treasury strategy with SOL in view. For instance, Upexi raised $100 million to accumulate Solana, with its stock soaring 550% post-announcement.
SOL Strategies also secured a $500 million credit facility to expand Solana investments, highlighting the blockchain’s appeal to institutional players. The funding was raised via a convertible note offering in partnership with another New York-based investment management firm, ATW Partners.
These moves reflect a broader trend of firms betting on Solana’s scalability and developer-friendly ecosystem, which positions it as a top choice for DeFi and AI innovations. RockawayX’s latest fund increases this speed, promising to shape Solana’s future while inspiring more firms to dive into the blockchain’s promising ecosystem.
