# Project Galaxy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/project-galaxy

- Industry: Financial Services
- Headquarters: San Mateo, US
- Website: www.galaxy.eco
- Total disclosed funding: $10M
- Latest round: Series A (Jan 26, 2022)
- Investors on record: 27

## About

Project Galaxy is an innovative platform focused on empowering Web3 development through community engagement and streamlined token distribution solutions.Founded in 2021 and headquartered in San Mateo, US, Project Galaxy offers a unique growth engine for Web3. The company's founders, Charles Wayn, Harry Zhang, Tyler Palmer, and Xinlu C., bring a diverse range of expertise. Project Galaxy has successfully completed 2 deals, culminating in a Series A funding round of USD 10.000 mn on January 26, 2022, with significant participation from various venture capital firms including Dragonfly Capital and Multicoin Capital. The company continues to expand its operational focus without any noted pivots or parent-subsidiary relations.Project Galaxy provides a comprehensive suite of tools designed for Web3 projects, including Galxe Starboard, an analytics platform, and Earndrop, a token distribution tool. Serving over 7,000 brands and 33 million users worldwide, the platform also features the Galxe Passport for identity management and the Galxe Identity Protocol for verifiable credentials, effectively addressing challenges in user engagement and marketing within the Web3 landscape.Project Galaxy generates revenue through various transactional models, including B2B partnerships that offer subscription-based access to its tools. The company’s tiered pricing plans cater to different client needs, allowing brands to execute marketing strategies through no-code solutions and modular APIs. Revenue flows are structured around client engagement levels and the specific features accessed, supporting the company's growth objectives.Following its Series A funding of USD 10.000 mn in January 2022, Project Galaxy plans to enhance its credential data network and expand support for multiple data sources. Upcoming application modules are in development to improve digital credential usage for projects. The company is also targeting new geographic markets in North America, Europe, and Asia for expansion. The recent funding will facilitate these growth initiatives, ensuring Project Galaxy is well-positioned to leverage its capabilities in the evolving Web3 ecosystem.

## Funding rounds

- Series A, Jan 26, 2022, $10M — The Spartan Group, C Squared Ventures, Jump Capital, The New Republic Fund, Sky 9 Capital, Multicoin Capital, Draper Dragon, Coinbase Ventures, Dragonfly Digital Management, HashKey Capital, Matrixport Technologies Ltd., Injective Labs Inc., Zee Prime Capital, Evernew Capital, Alameda Research Ventures, Sfermion, Folius Ventures, Shima Capital, 6th Man Ventures, Lattice Capital, Mirana Ventures, Cultur3 Capital, Mask Network, Binance Smart Chain, Solana Ventures, Smrti Labs, APE NFT
- Seed, Nov 15, 2021 — Binance Smart Chain

## Investors

- Binance Smart Chain (https://capitalatlas.ai/funds/binance-smart-chain) — Seed, Series A
- The Spartan Group — Series A
- C Squared Ventures — Series A
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Series A
- The New Republic Fund (https://capitalatlas.ai/funds/the-new-republic-fund) — Series A
- Sky 9 Capital (https://capitalatlas.ai/funds/sky-9-capital) — Series A
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Series A
- Draper Dragon (https://capitalatlas.ai/funds/draper-dragon) — Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Series A
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Series A
- Matrixport Technologies Ltd. — Series A
- Injective Labs Inc. — Series A
- Zee Prime Capital (https://capitalatlas.ai/funds/zee-prime-capital) — Series A
- Evernew Capital (https://capitalatlas.ai/funds/evernew-capital) — Series A
- Alameda Research Ventures (https://capitalatlas.ai/funds/alameda-research-ventures) — Series A
- Sfermion (https://capitalatlas.ai/funds/sfermion) — Series A
- Folius Ventures — Series A
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Series A
- 6th Man Ventures (https://capitalatlas.ai/funds/6th-man-ventures) — Series A
- Lattice Capital (https://capitalatlas.ai/funds/lattice-capital) — Series A
- Mirana Ventures (https://capitalatlas.ai/funds/mirana-ventures) — Series A
- Cultur3 Capital — Series A
- Mask Network — Series A
- Solana Ventures (https://capitalatlas.ai/funds/solana-ventures) — Series A
- Smrti Labs (https://capitalatlas.ai/funds/smrti-labs) — Series A
- APE NFT — Series A