Polygon founder raises $50M for emerging markets-focused web3 venture fund

Ethereum layer-two scaling platform Polygon raised $450 million earlier this year in its first major financing round. Now, the protocol’s cofounder Sandeep Nailwal is launching another project, he told TechCrunch exclusively — this time, in the form of Symbolic Capital, a venture capital fund built by and for web3 founders.
Nailwal, alongside Cere cofounder Kenzi Wang, has raised $50 million for the fund from investors including other venture firms, crypto exchanges, family offices and institutions, though they did not share specific names. Symbolic plans to primarily back companie

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