According to PANews, Polychain Capital, a cryptocurrency venture capital firm, is reportedly making substantial payments to investors in two of its funds. It is understood that Polychain Capital has a total of four venture capital funds.
Insiders revealed that the firm will begin distributing 44% of the shares of the Polychain Ventures II fund to investors this week. Polychain initially raised about $300 million for this fund in 2019, and its current value may be higher.
In addition, insiders added that Polychain also paid about half the value of its first fund, which raised $175 million in 2018, earlier this year.
