Polyhedra Network completed US$20 million in strategic financing at a US$1 billion valuation, led by Polychain Capital

BlockBeats news, on March 14, according to The Block, Web3 full-stack interoperability infrastructure Polyhedra Network completed a strategic financing of US$20 million at a valuation of US$1 billion. Polychain Capital led the investment, and Animoca Brands, Hashkey Capital, Longhash Ventures, Emirates Consortium, Mapleblock Capital and others participated in the investment. This round of funding and the previous four rounds were all conducted via Simple Agreement for Future Tokens, or SAFT. The round closed last month, bringing Polyhedra’s total funding to $75 million. The funding will be used to hire across functions including product, engineering, business development and marketing, expanding the current team of about 50 people to about 80 people.