Polymarket is aiming to raise an extra $50 million in new capital amongst expected plans of a new token launch. Blockchain-based betting platform Polymarket is aiming to raise $50 million in new capital through a fresh funding round, with investors issuing token warrants. This will give them the right to purchase tokens if Polymarket decides to launch them in the future, according to sources close to the company as reported by The Information. This comes after the company raised $70 million in two investment rounds this year, split between $25 million in a Series A led by General Catalyst and another $45 million in Series B led by Ethereum co-founder Vitalik Buterin.
Comment on Polymarket in fresh funding round amid plans to launch new token
Rachael Davies, ReadWriteWeb
Tue, 09/24/2024 - 6:48am
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