Bitcoin
$63,934.36-4.10%
Ethereum
$3,136.05-3.66%
Binance Coin
$606.94-0.16%
Solana
$146.11-7.54%
XRP
$0.52273863-4.96%
Dogecoin
$0.15029958-6.99%
Toncoin
$5.47-6.97%
Cardano
$0.47261927-6.42%
Shiba Inu
$0.00002491-8.40%
Avalanche
$35.37-9.79%
Tron
$0.11411298+0.41%
Wrapped Bitcoin
$64,046.42-4.19%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
34
DAYS
04
HR
10
MIN
03
SEC
Markets

Polychain Capital's Original Crypto Fund Raises an Additional $19.5M

The fund has raised $307 million in its four-year history of investing in crypto and SAFTs.

By Danny Nelson
AccessTimeIconAug 21, 2020 at 4:14 p.m. UTC
Updated Sep 14, 2021 at 9:46 a.m. UTC
Polychain Capital founder Olaf Carlson-Wee
Polychain Capital founder Olaf Carlson-Wee
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Polychain Capital's cryptocurrency hedge fund added $19.5 million in investments in the past year, pushing the flagship fund's lifetime raise past $307 million.

  • Polychain Fund I LP, which invests in cryptocurrencies and Simple Agreements for Future Tokens (SAFTs), raised the latest funds from at least 28 unnamed investors, according to SEC filings published Thursday.
  • The fresh raise by Polychain's oldest fund further bolsters the firm's status as one of the most popular spots for high-rolling crypto investors to park their millions. Over 300 investors have now bought in. Polychain did not return CoinDesk calls.
  • In March, CoinDesk reported Fund I delivered 1,332% gains to the steely stomached original investors who stuck it out through four years of market dips and soars.
  • Polychain Capital also disclosed Thursday that Dfinity Ecosystem Fund LP, an associated investment vehicle that bets on venture-backed companies, raised $12 million from two investors since August 2019.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.