- Peter Thiel’s enterprise capital agency Founders Fund co-led a $45 million Collection B elevate for Polymarket.
- Ethereum co-founder Vitalik Buterin additionally backed the Collection B spherical.
- The predictions market additionally introduced it raised $25 million in a Collection A spherical, led by Common Catalyst and Polychain.
The newest cryptocurrency information associated to enterprise capital funding is from predictions market Polymarket.
In an announcement on Tuesday, Polymarket revealed it had raised $45 million in its collection B spherical and $25 million in a Collection A spherical.
The whole elevate of $70 million had the backing of among the main enterprise capital companies out there. This comes as knowledge confirmed crypto VC funding crossed $1 billion in April, the second-straight month the house reached the landmark determine.
Founders Fund and Vitalik Buterin put money into Poymarket
Founder Shayne Coplan mentioned in a put up on X that Peter Thiel’s enterprise capital agency Founders Fund, Dragonfly and Ethereum co-founder Vitalik Buterin led the Collection B spherical.
In the meantime, Common Catalyst, Polychain and Airbnb co-founder Joe Gebbia led the $25 million Collection A funding spherical.
Polymarket’s profitable fundraising throughout the 2 rounds comes because the predictions platform attracts extra customers amid the elevated betting on the upcoming US presidential elections. Polymarket can also be a scorching market for matters similar to crypto, sports activities and present occasions.
Trump is pulling forward pic.twitter.com/bXcqtWE6cE
— Polymarket (@Polymarket) Might 13, 2024
Aside from the US presidential election, different high developments this week embody bets on spot Ethereum ETFs, the GameStop (GME) inventory and Bitcoin worth.