Polychain Capital Pulls New $200M Crypto Fund - Report
Polychain Funding: First of Many? According to a report from Fortune citing people familiar with the matter, the Polychain Capital funding is the first close in what might be more rounds to come. While it has raised the sum of $200 million thus far, the projected target is $400 million and this current close is an indication that it will continue to lobby investors while it can also start deploying capital to startups. advertisement Thus far, the Venture Capital ecosystem has yet to experience so much activity as the industry has had to deal with more headwinds bothering regulations across the board. While growth has been somewhat mild thus far this year, the focus for most stakeholders has been hinged on regulatory clarity which by extension has led to the growing clamor for the United States Securities and Exchange Commission (SEC) to approve the first spot Bitcoin (BTC) Exchange Traded Fund (ETF) product for the country. While there is currently low ...