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Polychain Capital and Coinfund Raise Over $350M for Crypto Ventures

Polychain Capital and Coinfund Raise Over $350M for Crypto Ventures

Polychain Capital and Coinfund Raise Over $350M in Crypto VC Funding

Crypto venture capital firms Polychain Capital and Coinfund have collectively raised over $350 million in funding. Polychain secured $200 million for its fourth investment fund and aims to reach a total of $400 million. Despite the decline in crypto project funding, Coinfund exceeded expectations by raising $152 million for its seed fund. The crypto industry has faced investor wariness due to previous project failures. However, artificial intelligence remains an exception, with over $12 billion in venture funding as of January 1.

By: Simran Mishra
19 Jul 2023

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