Venture capital firms Coinfund and Polychain Capital raise $350 million
New York-based venture capital firm Coinfund has raised $152 million in its latest funding round, while Polychain Capital has raised $200 million for its fourth crypto venture capital fund. This indicates returning confidence in the crypto space despite recent pullbacks by investors. Coinfund focuses on projects that contribute to crypto infrastructure and decentralization, while Polychain aims to raise a total of $400 million for its fund. Both firms faced challenges during the crypto winter but have seen renewed interest in crypto following a positive ruling in the SEC vs. Ripple case. Coinfund has made previous investments in AI-focused ventures and infrastructure projects.
Key Points:
- Coinfund raises $152 million, showcasing confidence in the crypto space.
- Polychain Capital completes initial close, raising $200 million for its fourth crypto venture capital fund.
- Crypto investments faced challenges during the crypto winter but have seen renewed interest following a positive ruling in the SEC vs. Ripple case.
- Coinfund focuses on projects that contribute to crypto infrastructure and decentralization.
- Polychain aims to raise a total of $400 million for its fund.
Hot Take:
The successful fundraising rounds by Coinfund and Polychain Capital indicate a growing confidence in the crypto space. Despite challenges faced during the crypto winter, the recent positive ruling in the SEC vs. Ripple case has sparked renewed interest in crypto investments. Coinfund’s focus on projects contributing to crypto infrastructure and Polychain’s aim to raise a substantial fund demonstrate the growing potential of the industry. The shift towards early-stage crypto start-ups and emerging sectors, particularly those involving artificial intelligence, reflects the evolving landscape of crypto investments.
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