Summary:
Web3 investment firm Polychain Capital has raised $200 million in the “first close” of its fourth investment fund. The firm plans to raise a total of $400 million for the fund. Additionally, three research members were cut from the firm due to new investing priorities.
Key Points:
– Polychain Capital raises $200 million in first close of fourth investment fund.
– The firm aims to raise a total of $400 million for the fund.
– Three research members were cut from the firm.
– The decision to cut members was driven by new investing priorities.
– Polychain Capital did not provide a comment on the matter.
Closing Thoughts:
Polychain Capital’s successful raise of $200 million for its fourth investment fund shows the continued interest and support in the crypto industry. However, the decision to cut research members may impact the firm’s ability to conduct thorough analysis and due diligence. It will be interesting to see how Polychain Capital utilizes the raised funds and navigates its investment priorities moving forward.
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