RockawayX, an early investor in Solana, has raised $125 million for its second early-stage crypto venture fund. The fund will primarily support startups building on the Solana blockchain, reinforcing the firm’s commitment to the ecosystem.
Despite a broader slowdown in crypto venture capital activity, RockawayX successfully closed the oversubscribed round in the first quarter of 2025. The firm, which manages approximately $2 billion in assets, has a strong track record of backing successful Solana-based projects.
RockawayX’s previous fund delivered significant returns, with investments in projects like Kamino Finance, Squads, and DoubleZero. The new fund aims to provide liquidity and operational support to emerging Solana startups.
Launching in Dubai
The firm is also launching a Solana-focused accelerator in Dubai, further expanding its global footprint. This initiative is expected to attract developers and entrepreneurs looking to build on Solana’s high-performance blockchain infrastructure.
RockawayX’s CEO, Viktor Fischer, emphasized that the fund will focus on yield-generating projects, positioning Solana as a key player in decentralized finance (DeFi). The firm believes that stablecoin adoption and DeFi applications will drive long-term growth in the ecosystem.
With institutional backing and a clear strategic vision, RockawayX’s latest fund could play a crucial role in shaping the future of Solana-based innovation.
Shogun Lin
