Funding round
Polymarket Growth
Reported as "Growth Equity"
Polymarket, which works in prediction market platform development in New York, raised $150M in a Growth round announced on 1 Jan 2025, led by Founders Fund, at a $1.20B post-money valuation. 10 firms took part. It is Polymarket's fourth venture round on record; the one before was a Series B in May 2024.
$150M
Amount raised
$1.20B
Post-money valuation
$1.05B pre-money
10
Investors
1 lead
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Polymarket at $1.20B after the new money. The $150M bought investors about 13% of the company. It came 8 months after Polymarket's Series B. It is 5.3% of the $2.82B Polymarket has raised in the venture rounds on record. Polymarket raised again 9 months later: a Growth round of $1.00B in Oct 2025, at $9.00B post-money.
Polymarket's funding rounds
Polymarket has 7 venture rounds on record. This one is highlighted.
- Seed 1 Oct 2020, led by Polychain $4.0M
- Series A 1 May 2022, led by General Catalyst $25M
- Series B 14 May 2024, led by Founders Fund $45M
- Growth this round 1 Jan 2025, led by Founders Fund $150M$1.20B post-money
- Growth 1 Oct 2025, led by Intercontinental Exchange $1.00B$9.00B post-money
- Growth 1 Mar 2026, led by Intercontinental Exchange $600M$15.00B post-money
- Growth 5 Aug 2026, led by 1789 Capital $1.00B$21.00B post-money
Investors
Who put money in
Founders Fund led the round with 9 other firms.
Lead investor
- Founders Fund backs 368 venture-backed companies new investor
Also in the round
- Coinbase Ventures new investor
- backs 59 venture-backed companies new investor
- Point72 Ventures backs 72 venture-backed companies new investor
- Ribbit backs 126 venture-backed companies new investor
- Valor backs 143 venture-backed companies new investor
- SV Angel backs 293 venture-backed companies new investor
- 1789 new investor
- backs 15 venture-backed companies new investor
- backs 74 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
19 Growth rounds in Cryptocurrency within a year either side disclosed an amount; the median was $74M, and this round was 2.0 times the median. The closest in time, other companies' Growth rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 1 Dec 2024 | $100M | not disclosed | not named |
| Cryptocurrency | 31 Dec 2024 | $41M | not disclosed | Paradigm |
| Cryptocurrency | 22 May 2025 | $135M | not disclosed | Andreessen Horowitz and Bain Capital Crypto |
| Binance Cryptocurrency | 19 Jun 2025 | $2.00B | not disclosed | Mubadala Capital |
| Hut 8 Cryptocurrency | 13 Aug 2024 | $150M | not disclosed | not named |
| Cryptocurrency | 24 Jun 2025 | $135M | not disclosed | DRW and Tradeweb Markets |
| Cryptocurrency | 1 Aug 2024 | $50M | not disclosed | Ribbit |
| Cryptocurrency | 25 Jul 2025 | $300M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Polymarket raise in its Growth round?
Polymarket raised $150M in its Growth round, announced in Jan 2025.
Who led Polymarket's Growth round?
Founders Fund led it, with Coinbase Ventures, Blockchain Capital, Point72 Ventures, Ribbit and Valor and 4 more.
What was Polymarket's valuation at the Growth round?
$1.20B post-money ($1.05B pre-money).
How does it compare with other Growth rounds in Cryptocurrency?
19 Growth rounds in Cryptocurrency within a year either side disclosed an amount; the median was $74M, and this round was 2.0 times the median.
Did Polymarket raise again after this round?
Yes: a Growth round in Oct 2025 of $1.00B at $9.00B post-money.