{"id":81880,"date":"2023-07-19T10:23:22","date_gmt":"2023-07-19T07:23:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81880"},"modified":"2025-09-12T01:42:43","modified_gmt":"2025-09-11T22:42:43","slug":"polychain-capital-raises-200-million-for-its-fourth-venture-fund","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/polychain-capital-raises-200-million-for-its-fourth-venture-fund\/","title":{"rendered":"Polychain Capital raises $200 million for its fourth venture fund"},"content":{"rendered":"<p>A crypto-focused firm Polychain Capital has raised $200 million for its fourth venture fund, <a href=\\\"https:\/\/fortune.com\/crypto\/2023\/07\/18\/crypto-vc-polychain-200-million-staff-shakeup\/\\\"> Fortune<\/a> writes.<\/p>\n<p>The amount corresponds to the &#8216;first close&#8217; of the fundraising. The firm has set a target of &#8216;just under&#8217; $400 million.<\/p>\n<p>Success in signing agreements with investors will allow the fund to begin investing in crypto startups. The focus is on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\"> Layer 2 solutions<\/a> for Ethereum.<\/p>\n<p>According to PitchBook, in the previous three funds Polychain Capital raised about $2.6 billion.<\/p>\n<p>According to a data provider, since the start of the year 12 crypto venture funds have attracted about $1.7 billion. By comparison, in 2022 the total reached $22.5 billion across 91 funds.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/image-454.webp\\\" alt=\\\"image-454\\\" class=\\\"wp-image-211814\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: Fortune.<\/figcaption><\/figure>\n<\/div>\n<p>In June, Polychain Capital<a href=\"https:\/\/forklog.com\/en\/news\/cross-chain-protocol-connext-raises-7-5-million\"> participated<\/a> in a strategic funding round for the cross-chain protocol Connext.<\/p>\n<p>Earlier the company supported the teams behind the restaking project <a href=\"https:\/\/forklog.com\/en\/news\/eigenlayer-restaking-protocol-raises-50m-in-series-a-at-a-750m-valuation\"> EigenLayer<\/a> and the L2 network based on a ZK Rollup named <a href=\"https:\/\/forklog.com\/en\/news\/scroll-an-ethereum-scaling-startup-raises-50-million-at-a-1-8-billion-valuation\"> Scroll<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A crypto-focused firm Polychain Capital has raised $200 million for its fourth venture fund, Fortune reports, citing people familiar with the matter.<\/p>\n","protected":false},"author":1,"featured_media":81881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1285,849,1133],"class_list":["post-81880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-funds","tag-polychain-capital","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=81880"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81880\/revisions"}],"predecessor-version":[{"id":81882,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81880\/revisions\/81882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81881"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}