PANews reported on April 24 that according to Forbes, Prague crypto venture capital firm RockawayX announced the completion of the fundraising of its second early-stage fund of US$125 million. The fund was closed in the first quarter of this year and will mainly invest in Solana ecosystem startups. The institution, which invested in Solana, which has not yet landed, in 2018, currently manages assets of approximately US$2 billion, has offices in Prague, Dubai and London, and two-thirds of its 45 employees are engineers. RockawayX CEO Victor Fischer said that two-thirds of the new fund will be used for seed round investments, and the rest will be allocated to liquid assets.

Although the amount of crypto venture capital in the US market fell by 22% in the first quarter, RockawayX's fund return in 2021 has exceeded 5 times, mainly benefiting from early investments in Solana, market maker Wintermute and lending protocol Morpho Labs. The institution has invested in more than 15 Solana ecosystem projects and will jointly launch the accelerator center "Solana City" in Dubai with the Solana Foundation and development company Helius Labs on May 1.