TL;DR
- RockawayX has closed its second investment fund with $125 million, with up to 75% allocated to Solana-based startups.
- The firm sees Solana as the most solid and practical blockchain for developers, even surpassing Ethereum in key aspects.
- A portion of the fund has already been deployed into projects like Hyperlend and DoubleZero, fueling crypto ecosystem growth in 2025.
Crypto-focused venture capital firm RockawayX has officially announced the successful closing of its second investment fund, raising a total of $125 million. The strategy is to double down on the Solana ecosystem, which has proven to be fast, efficient, and developer-friendly, traits that few other chains can rival. Between 50% and 75% of this new fund will be allocated to early-stage Solana-based projects, which amounts to an estimated investment of $62 to $94 million.
This isn’t the firm’s first rodeo with Solana. RockawayX was an early backer of Solana Labs in 2019 and has since invested in related projects like Kamino Finance, Squads, and Switchboard. With over $2 billion in assets under management, RockawayX goes beyond investing: they actively build infrastructure, run validators from their own European data centers, and develop custom tools optimized for blockchain protocols.
Confidence In Solana As The Infrastructure Of The Future
According to “Samantha Bohbot”, partner and chief growth officer at RockawayX, Solana has a clear edge over networks like Ethereum, it’s fast, low-cost, and has a product-first mindset. While other chains may still operate as research experiments, Solana runs like a mission-driven company striving to become the dominant blockchain solution.
Furthermore, RockawayX doesn’t invest in just any Layer 1. Its focus is on real-world applications, building on a single network they consider the most promising. This translates into constant support for founders, from providing liquidity to collaborating on hardware design.
New Fund, Fresh Projects, And Tangible Returns
Approximately 20% of this new fund has already been deployed into startups including DoubleZero, Hyperlend, Exponent, Silhouette, Fragmetric, and OnRe. These investments aim to supercharge the development of DeFi solutions and decentralized infrastructure. Investors in the new fund include a mix of family offices, private equity firms, high-net-worth individuals, and crypto founders, including Solana Labs’ own Anatoly Yakovenko and Raj Gokal.
The success of this second fund is largely attributed to the strong performance of RockawayX’s first fund, thanks to winning bets like Solana, Wintermute, and Morpho Labs. With more than 45 team members and new job openings focused on expanding the Solana ecosystem, RockawayX proves that long-term conviction in blockchain isn’t just a belief, it’s a commitment you build with your own hands.
