According to a limited partner (LP) of crypto venture capital firm Blockchange, the first fund of the venture capital firm has completed the allocation of more than US$530 million to investors in March this year. The fund has allocated a total of more than US$860 million since its establishment.
Earlier, Bloomberg disclosed that crypto venture capital firm Polychain Capital is paying large sums of money to investors of its two funds. People familiar with the matter revealed that the institution began to allocate 44% of the shares of Polychain Ventures II fund to investors at the beginning of this month. Polychain initially raised about US$300 million for the fund in 2019, and the current value of its funds may be higher. (Fortune)