Investment firm RockawayX Successfully Concludes a $125M Second Round of Financing, Dedicated towards Developing Cryptocurrency Ventures on the Solana Platform.
In a significant move to bolster the crypto landscape, RockawayX, a leading venture firm specialising in Solana-based projects, has allocated $80 million from its $125 million second fund towards strategic investments. This fund has attracted participation from esteemed entities such as Rockaway Capital, family offices, private equity firms, high-net-worth individuals, and crypto founders.
The majority of the funds were secured in Q4 2024 and Q1 2025. A large portion of the investment, approximately 50-75%, will be directed towards early-stage crypto startups on the Solana network. The remaining funds will be invested in decentralized finance (DeFi), infrastructure protocols, and decentralized networks.
RockawayX's strategic focus is evident in their recent investment in Exponent, a Solana eco-DeFi income agreement, which raised $2.1 million in a financing round alongside Solana Ventures. This project leverages staking and MEV-related income streams, signalling RockawayX's commitment to income-generating DeFi solutions within the Solana ecosystem.
Beyond Solana, RockawayX is channeling resources into broader DeFi ventures, infrastructure protocols, and decentralized physical infrastructure networks (DePIN), aligning with current blockchain trends that attract VC funding, especially in infrastructure and tokenization sectors.
Viktor Fischer, founder and CEO of RockawayX, met Solana co-founders Anatoly and Raj at the 500 Startups incubator in San Francisco in early 2018. Since then, RockawayX has provided liquidity, ran solvers, and operated hardware services for Solana-based projects. The firm's strategy is to build applications on Solana and be the first user for their founders.
RockawayX's first fund also focused on Solana-based projects, with investments in Kamino Finance, Squads, Switchboard, and other Solana-based projects. Samantha Bohbot, a partner and chief growth officer at RockawayX, leads the firm's growth initiatives.
With this strategic investment, RockawayX aims to develop the dominant blockchain solution and promote it to builders and institutions on Solana, further cementing its position as a key player in the Solana ecosystem.
News about RockawayX, a venture firm specializing in Solana-based projects, has emerged. In line with its focus, it plans to invest a large portion of its $80 million allocation from the second fund into early-stage crypto startups on the Solana network. Additionally, decentralized finance (DeFi), infrastructure protocols, and decentralized physical infrastructure networks (DePIN) will also receive funding, following current blockchain trends.
