Polychain Capital Targets $200M for Second Venture Fund, Slide Deck Reveals
Cryptocurrency investment firm Polychain Capital is targeting $200 million for a second venture fund.
The funding comes at a time when DeFi has seen an explosion in growth.
Tezos-based "tokenized hedge fund" StakerDAO is now live after distributing its STKR governance token to funding round partners.
The fund has raised $307 million in its four-year history of investing in crypto and SAFTs.
Bitcoin broker River Financial has closed a $5.7 million seed round to secure additional U.S. money transmitter licenses.
An investor document obtained by CoinDesk charts the dramatic ups and downs of the first four years of Polychain Capital’s cryptocurrency hedge fund.