🔥 Land A High Paying Web3 Job In 90 Days LEARN MORE

Second Polychain Capital venture fund announced

In this post:

Polychain Capital venture fund is ready with an estimated capital of two hundred million dollars ($200M). Polychain Capital is a famous cryptocurrency investment firm that aims to invest in growth-oriented, innovative blockchain and cryptocurrency firms. Previously, it raised twenty-five million dollars ($25M) for similar investment purposes.

The new fund will launch in early 2020, and participants have to contribute a minimum of one million dollars ($1M) for up to three years. The new Polychain Capital venture fund will be used to fund early-stage startups in the cryptocurrency realm. Startups will be provided with Pre-seed, seed, and Series A funding to ensure their holistic growth.

Polychain Capital venture has a proven track record

The earlier venture fund by Polychain Capital was dubbed successful as it was able to raise around one hundred and seventy-five million dollars ($175M). The investors were wealthy individuals with an average investment of five million dollars. Most of the fund’s capital was invested in high-quality startups after it was launched in early 2018. Forty percent of the fund’s capital was spent on the startups that were based on current blockchain technology. The rest of the fund focused on startups with innovative concepts of the blockchain realm.

The proposed second fund has been registered with the U.S. Securities and Exchange Commission in December last year. The report does not mention how much capital has already been raised by the group. The group, too, declined to say anything regarding the upcoming Polychain Capital venture fund and its specifics citing investor security.

See also  Semler Scientific announces another 303 BTC purchase as price breaks records

Polychain Capital venture fund will focus on quality blockchain startups

The second Polychain Capital venture fund will focus on startups that work on increasing privacy, support multi-platform features, etc. It will focus on projects on Dfinity cloud platform and Polkadot related work.

Startups that work on the decentralized finance instruments will be vital. Self-regulating brokers are another interesting area to focus on.

Featured Image by Pixabay

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Editor's choice

Loading Editor's Choice articles...
Cryptopolitan
Subscribe to CryptoPolitan