Polychain Capital is raising $ 200 million for its new fund to support crypto startups, cryptocurrency investment companies

According to Coindesk, Polychain Capital is raising $ 200 million for its second fund. Like Polychain Capital's first venture fund, the second fund will continue to support early crypto startups, providing them with seed rounds and Series A financing. According to SEC filings, the second venture fund was registered in December last year. The document did not show the scale of funds raised by Polychain Capital for the fund so far. Due to investor restrictions, Polychain Capital declined to comment on the progress and details of the financing.