Crypto VC Firm Polychain Makes Payouts to Investors in Two Funds
- The firm is paying out roughly half of its second venture fund
- Crypto venture investors are under pressure to produce returns
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Polychain Capital, the crypto investment firm, is making sizable payouts to investors in two of its four venture capital funds.
The San Francisco-based company founded by Olaf Carlson-Wee began distributing 44% of the Polychain Ventures II fund to investors this week, according to people familiar with the matter. Polychain originally raised about $300 million for the fund in 2019, though its assets are likely worth more today.