Polymarket $1B Round at $21B Valuation Led by 1789 Capital
Polymarket completed a $1 billion funding round at a $21 billion valuation led by 1789 Capital, a 40 percent increase from its prior round.
Privately held prediction market platform Polymarket raised 1 billion dollars in a funding round valued at 21 billion dollars post-money.
The round was led by 1789 Capital, the venture firm associated with Donald Trump Jr., which added 300 million dollars to its earlier 200 million dollar investment.
The new valuation marks a 40 percent increase from the 15 billion dollar level set in an earlier round this year.
Open Items
Closing date, use of proceeds, and the complete investor list remain undisclosed.