In addition to the recently raised $200 million, Polychain is planning to raise an additional $400 million for its fourth fund, named Polychain Ventures IV (Parallel) LP.
Polychain Capital, a web3 investment firm, was founded in 2016 by Olaf Carlson-Wee, a former employee of Coinbase. Since its inception, Polychain Capital has been involved in significant investments, including decentralized exchange Uniswap and Yellow Card. Notably, the company has been listed in this year’s prestigious Fortune Crypto 40 list, with $2.6 billion in assets.
Polychain Capital’s ability to secure such a substantial amount of funds demonstrates the investor’s interest and confidence in the cryptocurrency space.