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 <ul>
 <li>Peter Thiel’s venture capital firm Founders Fund co-led a $45 million Series B raise for Polymarket.</li>
 <li>Ethereum co-founder Vitalik Buterin also backed the Series B round.</li>
 <li>The predictions marketplace also announced it raised $25 million in a Series A round, led by General Catalyst and Polychain.</li>
 </ul>
 The latest cryptocurrency news related to venture capital funding is from predictions marketplace Polymarket.&nbsp;
 In an announcement on Tuesday, Polymarket revealed it had raised $45 million in its series B round and $25 million in a Series A round. 
 The total <a rel="noopener noreferrer nofollow" title="raise" href="https://thebittimes.com/tag/raise.html">raise</a> of $70 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> had the backing of some of the leading venture capital firms in the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>. This comes as data showed crypto VC funding crossed $1 billion in April, the second-straight month the space reached the landmark figure.&nbsp;
 <h2 id="span-style-font-weight-400-founders-fund-and-vitalik-buterin-invest-in-poymarket-span">Founders Fund and Vitalik Buterin invest in Poymarket</h2>
 Founder Shayne Coplan said in a post on X that Peter Thiel’s venture capital firm Founders Fund, Dragonfly and Ethereum co-founder Vitalik Buterin led the Series B round. 
 Meanwhile, General Catalyst, Polychain and Airbnb co-founder Joe Gebbia led the $25 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> Series A funding round.
 Polymarket’s successful fundraising across the two rounds comes as the predictions platform attracts more users amid the increased betting on the upcoming US presidential elections. Polymarket is also a hot marketplace for topics such as crypto, sports and current events.
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 Trump is pulling ahead pic.twitter.com/bXcqtWE6cE
 — Poly<a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> (@Poly<a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>) May 13, 2024
 </blockquote>
 
 Other than the US presidential election, other top trends this week include bets on spot Ethereum ETFs, the GameStop (GME) stock and Bitcoin price.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/peter-thiel-s-vc-vitalik-buterin-back-70-million-raise-for-polymarket-tbt88334.html">https://thebittimes.com/peter-thiel-s-vc-vitalik-buterin-back-70-million-raise-for-polymarket-tbt88334.html</a>

Peter Thiel’s VC, Vitalik Buterin back $70 million raise for Polymarket

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