Polymarket raised $70m in a Series B round led by Founders Fund and General Catalyst to scale global prediction market
May 14, 2024•over 1 year ago
Amount Raised
$70 Million
Round Type
series b
Investors
Vitalik ButerinGeneral CatalystThiel’s Founders Fund
Description
Polymarket, the world’s largest prediction market, has raised $70m across two unannounced rounds: a $45m Series B led by Founders Fund and a $25m Series A led by General Catalyst. The funding will be used to scale the global prediction market and advance the company’s mission to make accurate, real-time event forecasts available to all as a public good.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech