Information markets platform Polymarket has raised $4 million in a funding round. According to an announcement on the 19th of October, several investors participated in the funding round. The investors include former Coinbase CTO Balaji Srinivasan, the former CEO of AlgelList Naval Ravikant, and CoinShares CSO Meltem Demirors.
As by Forbes, other investors are Aave CEO Stani Kulechov, Compound CEO Robert Leshner, Synthetix’s CEO Kain Warwick, and many others.
According to a by CoinDesk, the funding was led by Polychain Capital. The CEO of Polychain Capital, Olaf Carlson-Wee, commented on the recently concluded funding round. He said that the company has been “fascinated” with the information markets for a while.
Referring to the function of Polymarket as a platform to cross-check market activity, the founder of Polymarket, Shayne Coplan, said:
Image Credits: Pixabay
