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Despite the ongoing crypto bear market of 2018, Polychain Capital has raised $175m for their first venture capital fund to invest in equity in blockchain companies. Elsewhere, Pantera is getting close to completing the raise of its $175m venture fund, with 2/3 complete.
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Polychain Capital, the cryptocurrency investing firm, raised $175 million for their first venture capital fund, according to Axios. News of the fund first broke in January. As per Axios, the firm will continue to invest in cryptos and other digital currencies via its hedge fund, whereas the venture fund will make equity investments in startup companies in the space.
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