Polymarket CEO Reveals Previously undisclosed ​​Financing Rounds, Total Funding Reaches $205 Million

BlockBeats News, October 8th, following Polymarket's $9 billion valuation and a $2 billion investment from the Intercontinental Exchange, Polymarket CEO Shayne Coplan posted on X platform to disclose the previously undisclosed two rounds of funding transactions:

The first round took place last year, with Polymarket raising $55 million at a valuation of $350 million. Blockchain Capital led the round, with participation from Founders Fund, 1789, 1confirmation, Abstract, Coinbase, Dragonfly, ParaFi, among others.

The second round took place earlier this year, with Polymarket raising $150 million at a valuation of $1.2 billion. Founders Fund led the round, with participation from Ribbit, Valor, Point 72 Ventures, Blockchain Capital, among others.