Forward Industries Raises $1.65B in PIPE Led by Galaxy, Jump Crypto and Multicoin Capital

Deal Summary

Forward Industries secured a $1.65 billion private investment in public equity (PIPE) financing round led by Galaxy Digital, Jump Crypto and Multicoin Capital. The funding supports its launch of a zero-fee Solana validator and follows the firm committing over 6.8 million SOL from its treasury to back the node.