Polychain Capital Raises $ 200 million for New Investment Fund, Aiming for a Total of $ 400 million

Polychain Capital Raises $ 200 million for New Investment Fund, Aiming for a Total of $ 400 million

Polychain Capital, one of the leading risk capital companies in the field of cryptocurrencies, successfully completed the first round of its fourth investment fund and has raised an impressive $ 200 million. With this first conclusion, agreements were made with investors who enable Polychain to start financing startups and projects in the crypto sector. Although the company has already raised $ 200 million, it is aiming for a total of $ 400 million for the new fund. With already managed assets of around $ 2.6 billion in three funds, Polychain Capital has established itself as a leading player in the area of crypto risk capital. The successful procurement of $ 200 million illustrates the trust of investors in the expertise and the potential of the company to achieve significant returns on the cryptom market.

also coinfund, another prominent risk capital company in the field of cryptoinvestment, exceeded expectations and applied $ 152 million for its fourth start-up capital fund. It was originally planned to collect $ 125 million, but the ability of Coinfund to secure another $ 27 million, shows the new interest in the crypto industry. Although the risk financing for crypto and web3 startups has decreased as a whole, the success of coinfund shows that selected investors still recognize the great potential of the sector. Jake Brukman, CEO of Coinfund, is optimistic about the financing and the revived interest in the crypto industry.

Despite these positive developments, it is important to note that risk-fitting for crypto projects recorded a significant decline in the past year. After crunchbase data, the total volume of risk financing for crypto and web3 startups has dropped by 76 % compared to the previous year. Several prominent project failures, including the Terra Money E-Ecosystem and FTX, have led to growing caution among investors to the crypto sector. As a result, many risk capital providers have become more careful with new investments and have shifted their focus on more traditional market sectors. An exception to this trend is the artificial intelligence (AI), which has been increasing risk of risk of over $ 12 billion since January 1. Despite the general decline in risk financing for crypto projects, the considerable investments of Polychain Capital and Coinfund show the trust of selected investors in the long-term potential and value of the sector. These financing of $ 200 million and $ 152 million bring momentum in startups and projects in the crypto sector and promote innovation and development.