{"id":30695,"date":"2024-05-14T18:09:06","date_gmt":"2024-05-14T18:09:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/peter-thiels-vc-vitalik-buterin-back-70-million-raise-for-polymarket\/"},"modified":"2024-05-14T18:09:06","modified_gmt":"2024-05-14T18:09:06","slug":"peter-thiels-vc-vitalik-buterin-back-70-million-raise-for-polymarket","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/peter-thiels-vc-vitalik-buterin-back-70-million-raise-for-polymarket\/","title":{"rendered":"Peter Thiel&#8217;s VC, Vitalik Buterin back $70 million raise for Polymarket"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/polymarket-gets-peter-thiels-vc-backing-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/polymarket-gets-peter-thiels-vc-backing-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/polymarket-gets-peter-thiels-vc-backing-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/05\/polymarket-gets-peter-thiels-vc-backing-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Peter Thiel\u2019s venture capital firm Founders Fund co-led a $45 million Series B raise for Polymarket.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Ethereum co-founder Vitalik Buterin also backed the Series B round.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The predictions marketplace also announced it raised $25 million in a Series A round, led by General Catalyst and Polychain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The latest <a href=\"https:\/\/coinjournal.net\/news\/\">cryptocurrency news<\/a> related to venture capital funding is from predictions marketplace Polymarket.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In an announcement on Tuesday, Polymarket revealed it had raised $45 million in its series B round and $25 million in a Series A round. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The total raise of $70 million had the backing of some of the leading venture capital firms in the market. This comes as data showed <a href=\"https:\/\/coinjournal.net\/news\/crypto-vc-funding-tops-1b-for-second-consecutive-month\/\">crypto VC funding crossed $1 billion in April<\/a>, the second-straight month the space reached the landmark figure.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Founders Fund and Vitalik Buterin invest in Poymarket<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Founder Shayne Coplan said in a <a href=\"https:\/\/twitter.com\/shayne_coplan\/status\/1790404888347779503\" target=\"_blank\" rel=\"noopener\">post<\/a> on X that Peter Thiel\u2019s venture capital firm Founders Fund, Dragonfly and Ethereum co-founder Vitalik Buterin led the Series B round. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, General Catalyst, Polychain and Airbnb co-founder Joe Gebbia led the $25 million Series A funding round.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Polymarket\u2019s successful fundraising across the two rounds comes as the predictions platform attracts more users amid the increased betting on the upcoming US presidential elections. Polymarket is also a hot marketplace for topics such as crypto, sports and current events.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Trump is pulling ahead <a href=\"https:\/\/t.co\/bXcqtWE6cE\">pic.twitter.com\/bXcqtWE6cE<\/a><\/p>\n<p>\u2014 Polymarket (@Polymarket) <a href=\"https:\/\/twitter.com\/Polymarket\/status\/1790114640824791507?ref_src=twsrc%5Etfw\">May 13, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Other than the US presidential election, other top trends this week include bets on spot Ethereum ETFs, the GameStop (GME) stock and Bitcoin price.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/peter-thiels-vc-vitalik-buterin-back-70-million-raise-for-polymarket\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Peter Thiel\u2019s venture capital firm Founders Fund co-led a $45 million Series B raise for Polymarket. Ethereum co-founder Vitalik Buterin also backed the Series B round. The predictions marketplace also announced it raised $25 million in a Series A round, led [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":30696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30695"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=30695"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/30696"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=30695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=30695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=30695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}