RockawayX, a crypto VC company with over $2 billion in assets under management, has just closed its second fund, raising $125 million. The firm has stated that the new fund will be used primarily to back early-stage web3 startups, with a focus on the Solana ecosystem.
Other areas of interest for the new RockawayX fund include DeFi, infrastructure protocols and networks powered by its own data centres, per the firm’s CEO, Victor Fischer.
RockawayX Going Back To Its Roots With New Fund After Backing Solana In 2018
Fischer said in a statement, “We’ve been focused on the Solana ecosystem since meeting Anatoly and Raj (Solana co-founders) at the 500 Startups incubator in San Francisco in early 2018.”
Following that meeting, RockawayX’s first fund, which raised $120 million, bet heavily on Solana. It backed the Solana Labs funding round in 2019 and later invested in Kamino Finance, Squads, Switchboard, and multiple other Solana ecosystem projects.
Regarding this latest $125m fund, which closed at the end of March 2025, the RockawayX founder said, “Rather than investing in more L1s, we focused on building applications on Solana and being the first users for our founders: from providing liquidity to running solvers and operating hardware services.”
While the company has stated its intention to use a portion of the fund to invest in DeFi projects across all chains and networks powered by its own RockawayX infrastructure, roughly 50-75% will be positioned in Solana-based projects, per Samantha Bohbot, Partner and Chief Growth Officer at RockawayX.
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She said, “Where other projects may feel like research efforts, Solana operates as a company with a mission to develop the dominant blockchain solution and promote it to builders and institutions.”
RockawayX is a self-described ‘engineering-first investor’. It runs validators out of its Prague-based data centers and builds protocol-ready hardware tools such as optimized GPUs.
Across its various divisions, RockawayX manages roughly $2 billion in assets per Bohbot. In addition to venture investing, the firm actively provides liquidity across DeFi protocols and develops infrastructure in-house through its RockawayX Infrastructure unit. Its Labs division acts as an incubator for early-stage Web3 projects and open-source tools.
(SOURCE)
SOL Gearing Up To Breach $150 With All Of The Institutional Attention On It Right Now
There is an insane amount of attention on Solana right now, from the on-chain to the institutional level. On-chain, the main DEX on Solana, Raydium, recently launched its Pump.fun competitor, LaunchLab. On the flip side, Pump.fun now has its own DEX, named ‘PumpSwap’.
Now, Solana has two huge entities that offer launchpads and trading platforms while being completely independent of one another. This only helps the ecosystem by providing alternatives and reducing the chance of a monopoly being formed.
At the same time, it is strongly rumored that the next US spot ETF listing after Bitcoin and Ethereum will be Solana. It seems like a close race between SOL and XRP for who is the third spot ETF; however, Canada recently launched a spot SOL ETF. Many believe the US will follow as they won’t want to fall behind its Northern neighbors.
Then there is the news of the new RockawayX fund that should see between $60-90 million poured into the Solana ecosystem. This is coupled with the news of Canadian investment firm, SOL Strategies, announcing it has secured a $500 million convertible note that it will use to buy SOL.
This is happening on Solana just as it attempts to break out over $150. SOL is currently trading for $147.8, per CoinGecko. It has just broken out above resistance at around $143 and a key target for this quarter is $180.
This uptrend for SOL will stay intact as long as it remains above $125. A 3D close under $125 would invalidate the move, as would a poor monthly close from Bitcoin in six days.
If Bitcoin can stay above $90,000 going into May, with SOL staying above $125, $180 could come even sooner, leaving $320 as a realistic target before Q2 is up.
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