Polychain Capital raises $200 million for fourth fund: Fortune

Quick Take

  • Polychain Capital has raised half of a planned $400 million investment fund, Fortune reported.
  • The firm also cut three research members due to differing investment priorities. 

Web3 investment firm Polychain Capital has raised $200 million in the "first close" of its fourth investment fund, Fortune reported

The firm still plans to raise $400 million for the fund.

The firm also cut three of its research members due to new investing priorities, according to the report. Polychain declined comment to the publication. 

The Block first reported news of the fourth fund in March.

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