- Peter Thiel's enterprise capital agency Founders Fund co-led a $45 million Collection B for Polymarket.
- Ethereum co-founder Vitalik Buterin additionally backed the Collection B spherical.
- The prediction market additionally introduced that it has raised $25 million in a Collection A spherical, led by Basic Catalyst and Polychain.
The newest cryptocurrency information associated to enterprise capital funding comes from the prediction market Polymarket.
In an announcement on Tuesday, Polymarket revealed that it had raised $45 million in a Collection B spherical and $25 million in a Collection A spherical.
The overall proceeds of $70 million have been backed by a number of the market's main enterprise capital companies. This comes as information confirmed that crypto VC funding topped $1 billion in April, the second month in a row that the house has hit the milestone.
Founders Fund and Vitalik Buterin put money into Poymarket
Founder Shayne Coplan mentioned va publish 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, Basic Catalyst, Polychain and Airbnb co-founder Joe Gebbia led a $25 million Collection A funding spherical.
Polymarket's profitable two-round fundraising comes because the prediction platform attracts extra customers amid heightened stakes within the upcoming US presidential election. Polymarket can be a scorching market for matters like cryptocurrencies, sports activities and present occasions.
Trump is pulling forward pic.twitter.com/bXcqtWE6cE
— Polymarket (@Polymarket) Could 13, 2024
Along with the US presidential election, different prime developments this week embrace bets on the spot Ethereum ETF, GameStop ( GME ) inventory, and the worth of Bitcoin.
