PANews reported on May 11 that according to Bloomberg, crypto venture capital firm Polychain Capital is paying large sums of money to investors in two of its funds. It is reported that Polychain Capital has a total of four venture capital funds.
The firm will begin distributing 44% of its Polychain Ventures II fund to investors this week, according to people familiar with the matter. Polychain initially raised about $300 million for the fund in 2019, and its funds may be worth more now.
Polychain also paid out about half the value of its first fund, which raised $175 million in 2018, earlier this year, the people added.
