Peter Thiel’s VC, Vitalik Buterin again $70 million increase for Polymarket

• Peter Thiel’s enterprise capital agency Founders Fund co-led a $45 million Collection B increase for Polymarket.
• Ethereum co-founder Vitalik Buterin additionally backed the Collection B spherical.
• The predictions market additionally introduced it raised $25 million in a Collection A spherical, led by Common Catalyst and Polychain.

The most recent cryptocurrency information associated to enterprise capital funding is from predictions market Polymarket. 

In an announcement on Tuesday, Polymarket revealed it had raised $45 million in its collection B spherical and $25 million in a Collection A spherical.

The full increase of $70 million had the backing of a number of the main enterprise capital companies available in the market. This comes as knowledge confirmed crypto VC funding crossed $1 billion in April, the second-straight month the area reached the landmark determine. 

Founders Fund and Vitalik Buterin put money into Poymarket

Founder Shayne Coplan stated in a publish on X that Peter Thiel’s enterprise capital agency Founders Fund, Dragonfly and Ethereum co-founder Vitalik Buterin led the Collection B spherical.

In the meantime, Common Catalyst, Polychain and Airbnb co-founder Joe Gebbia led the $25 million Collection A funding spherical.

Polymarket’s profitable fundraising throughout the 2 rounds comes because the predictions platform attracts extra customers amid the elevated betting on the upcoming US presidential elections. Polymarket can also be a scorching market for subjects corresponding to crypto, sports activities and present occasions.

Trump is pulling forward pic.twitter.com/bXcqtWE6cE

— Polymarket (@Polymarket) Might 13, 2024

Apart from the US presidential election, different high developments this week embrace bets on spot Ethereum ETFs, the GameStop (GME) inventory and Bitcoin value.