Polyhedra Network completes $20 million strategic financing with a valuation of $1 billion, led by Polychain Capital

ChainCatcher news, according to The Block, Polyhedra Network has completed a $20 million strategic financing round at a valuation of $1 billion, led by Polychain Capital, with participation from Animoca Brands, Hashkey Capital, Longhash Ventures, Emirates Consortium, Mapleblock Capital, and others.

It is understood that this round of financing, like the previous four rounds, was conducted through future tokens or a Simple Agreement for Future Tokens (SAFT). This round of financing ended last month, bringing Polyhedra's total funding to $75 million. The funds will be used to hire across various functions such as product, engineering, business development, and marketing, expanding the current team of about 50 people to around 80.