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Polymarket raised $70m in a Series B round led by Founders Fund and General Catalyst to scale global prediction market

May 14, 2024over 1 year ago

Amount Raised

$70 Million

Round Type

series b

New YorkSoftware

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.

Company Information

Company

Polymarket

Location

New York, New York, United States

About

Polymarket is the world’s largest prediction market where traders predict the outcome of future events and earn rewards for being right. Market forecasts span politics, current events, and pop culture, and the platform is increasingly trusted by both the general public and news organizations.

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Funding Insights

Based on industry data
VC-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