Polychain Capital Raises $200 Million for Fourth Fund, Showcasing Continued Interest in Crypto Investments

Cryptocurrency-focused venture capital firm Polychain Capital has recently secured an impressive $200 million for its fourth fund. This successful fundraising effort shows the ongoing enthusiasm for investments in the cryptocurrency industry despite recent adjustments made by Polychain Capital including staff reductions within its research and development team .

Polychain Capital’s Fourth Fund Reaches $200 Million Milestone

According to sources received by Fortune Polychain Capital which is a blockchain technology investment firm recently concluded an initial financing round for its fourth cryptocurrency venture capital fund. It raised about $200 million. This impressive performance in fundraising shows the persistent interest of investors in the bitcoin market . In a statement with the US Securities and Exchange Commission Polychain Capital indicated that it aimed to raise $400 million in total for this fund.