RockawayX Raises $125M for Second Crypto Venture Fund Focused on Solana Ecosystem

RockawayX, an early investor in Solana and a seasoned digital asset management firm, has raised $125 million for its second early-stage crypto venture fund in an oversubscribed round during the first quarter of 2025. The firm, which manages approximately $2 billion in assets, has a strong track record of generating impressive returns for its investors, evidenced by its 2021 debut fund which delivered a 2.1 times DPI and a 5.4 times MOIC. With deep roots in the Solana ecosystem, RockawayX has backed over 15 projects including Kamino Finance, Squads, Fragmetric, Switchboard, and DoubleZero. The firm is not only reinforcing its Solana-based investments but also expanding into decentralized finance and network infrastructure, acting as a primary liquidity provider and market-maker for several leading applications such as Wormhole, 1inch, Mayan, and DeBridge. Additionally, RockawayX plans to launch the Solana City accelerator hub in Dubai in collaboration with the Solana Foundation and Helius Labs, further supporting innovation within the ecosystem. This strategic move comes at a time when the broader crypto venture climate is witnessing challenges in delivering meaningful returns, thereby setting RockawayX apart with its focused and integrated model aimed at engineering scalable blockchain infrastructure and liquidity solutions.