🚀 RockawayX Bets Big on Solana with $125M Web3 Infrastructure Fund
In a major show of confidence for both Solana and the broader Web3 space, European venture capital firm RockawayX has announced the successful close of a $125 million fund. The capital will be funneled into Web3 infrastructure projects, with a strong focus on the Solana ecosystem—a blockchain network that has seen a resurgence in developer and investor interest since its post-FTX rebound.
🔍 Why Solana?
Solana's appeal lies in its high throughput, low transaction costs, and an increasingly active developer community. While the chain took a hit during the FTX collapse in 2022 (due to its close ties to Sam Bankman-Fried), the past year has shown remarkable resilience. RockawayX’s vote of confidence reinforces a growing narrative that Solana is back—and better positioned than ever to lead the charge in scalable Web3 applications.
🧠 Strategic Investment Focus
RockawayX isn’t just spraying capital across random DeFi tokens. The fund is laser-focused on critical infrastructure, including:
- RPC node providers,
- Secure digital wallets,
- DeFi protocols,
- Cross-chain bridges,
- Developer tools and middleware.
This reflects a long-term vision: build the rails first, then the dApps.
💬 Statement from RockawayX
According to RockawayX, the goal is to “invest in the picks and shovels of the next generation of the internet.” By strengthening the foundational tech behind Web3—particularly on Solana—the fund hopes to catalyze sustainable innovation rather than fleeting hype cycles.
(1/9) We're thrilled to announce the close of our new $125M early-stage crypto venture fund.
— RockawayX (Hiring) (@Rockaway_X) April 24, 2025
The capital will be primarily allocated to:
• Solana ecosystem - we were seed investors in 2018 & back 15+ projects
• DeFi projects where we provide on-chain liquidity
• Networks… pic.twitter.com/oNfWsvzNH1
🌍 Broader Portfolio Context
RockawayX has already backed notable L1 and L2 ecosystems such as Cosmos, Sui, and others. But this new fund marks a clear pivot toward doubling down on Solana, reflecting growing interest from developers and institutional investors alike.
📈 What This Means for Web3 and Investors
This news sends a powerful signal: institutional capital is flowing back into crypto infrastructure, and Solana is at the center of that movement. For investors, this could indicate that now is a pivotal moment to revisit high-potential ecosystems. For builders, it’s a reminder that infrastructure-focused startups are very much in demand.
As 2025 unfolds, watch for Solana-based projects to gain more traction—and possibly attract co-investments from other funds now paying closer attention.
Read more: Grayscale has filed an S-1 form with the SEC to launch a Solana ETF soon.