Private Valuation & Funding Round Tracker · Polymarket

Polymarket funding rounds & valuation history

Name: Polymarket Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Polymarket’s funding from the 2024 Series B to the 2026 round talks, each labelled as a closed round or reported talks. The two ICE investments are sourced to ICE’s own announcements and SEC filings; the round totals and the $15B and $21B valuations come from the press and are labelled that way.

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 5 Currency: US$, nominal

⬇ Download CSV Cite this dataset Methodology & status definitions

Latest reported valuation Talks

$21B

$1B round led by 1789 Capital, Sep 2026

Not yet confirmed closed.

Last closed round Closed

$15B

Series E, ~$1B, Apr 2026 (reported valuation)

ICE invested

$1.6B

$1B (Oct 2025) + $600M (Mar 2026), per ICE

Plus up to $40M of shares bought from holders.

~$8B → $15B

1.88×

Series E ÷ Series D pre-investment value (GNF calc.; bases differ)

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Polymarket funding rounds and reported talks, May 2024 to September 2026
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
1 Sep 2026	Reported talks	Funding round led by 1789 Capital (reported)Not confirmed closed: Benzinga (Nov 2026) says Polymarket is “reportedly finalizing” the round.	$1B (reported)1789 Capital putting in about $300M (1789 spokesperson, via CoinDesk)	1789 Capital	$21B (reported)Per 1789 Capital’s spokesperson (CoinDesk); pre- or post-money not stated	—Not disclosedTalks-stage or discussed figure; no multiple	CoinDesk, 1 Sep 2026Also: Benzinga, Nov 2026
Apr 2026	Closed round	Series EICE calls its $600M “part of an equity capital fundraising by Polymarket” and says it bought Series E preferred. Total size and $15B are press-reported. Month precision: Finance Magnates says the round closed in April 2026.	~$1BIncludes ICE’s $600M direct investment (26 Mar 2026, ICE 10-Q)	Intercontinental Exchange (ICE), $600MAlso: D.E. Shaw, G Squared (new); SV Angel, Dragonfly, Valor Equity Partners (existing), per Bloomberg via Finance Magnates	$15BReported by Bloomberg (via Finance Magnates); CoinDesk: “last valued at about $15 billion”. Pre- or post-money not stated; ICE has not published the price.1.88× vs prior closed	—Not disclosedNo run-rate stated in the announcement	ICE announcement, 27 Mar 2026Also: ICE Form 10-Q (Q3 2026), filed 29 Oct 2026, Finance Magnates, Aug 2026, CoinDesk, 1 Sep 2026
7 Oct 2025	Closed round	Series D (strategic investment by ICE)ICE 10-K: about 17% of outstanding and 11% of fully diluted shares. ICE could also buy up to $1B from employees and investors.	$1B9.6 million Series D preferred shares (ICE 10-K); agreement allowed up to $2B in total	Intercontinental Exchange (ICE)	~$8B pre-investment“a valuation of approximately $8 billion pre-investment” (ICE). Post-money not stated.	—Not disclosedNo run-rate stated in the announcement	ICE announcement, 7 Oct 2025Also: ICE Form 10-K (FY2025), filed 5 Feb 2026
24 Jun 2025	Reported talks	Founders Fund-led round (reported)“That deal is not yet final” (TechCrunch). No closing announcement found; ICE’s October 2025 purchase was Series D, so a Series C likely came before it, but its size is not confirmed.	$200M (reported)	Founders Fund (reported)	~$1B (reported)TechCrunch (citing Bloomberg): “around a $1 billion pre-money valuation”; The Block (citing The Information): “$1 billion valuation”	—Not disclosedTalks-stage or discussed figure; no multiple	TechCrunch, 25 Jun 2025Also: The Block, 24 Jun 2025
14 May 2024	Closed round	Series BPolymarket also confirmed a previously unannounced $25M Series A led by General Catalyst (date not given, so not a separate row).	$45M$70M across Series A and B (The Block)	Founders FundAlso: 1confirmation, ParaFi (existing); Vitalik Buterin, Dragonfly, Kevin Hartz	—Not disclosedValuation not disclosed	—Not disclosedNo run-rate stated in the announcement	The Block, 14 May 2024

“vs prior closed” = valuation ÷ the prior closed round’s valuation. The Series D value is pre-investment (ICE) and the Series E basis is not stated, so the 1.88× step compares different bases.

Valuation at each closed round

Closed rounds with a valuation only. Series D is ICE’s pre-investment figure; Series E is press-reported with basis not stated. The reported $21B round is not plotted.

Series DOct 2025~$8B pre
Series EApr 2026$15B

Sources: ICE announcements and SEC filings; Bloomberg via Finance Magnates; CoinDesk. US$ billions, linear scale.

Talks vs. closings

What was reported, and what a party to the deal confirmed, oldest first.

14 May 2024 · Closed
Series B: $45M, led by Founders Fund.
24 Jun 2025 · Talks
Reported: $200M at about $1B, led by Founders Fund. “Not yet final”.
7 Oct 2025 · Closed
ICE invests $1B at about $8B pre-investment (up to $2B agreed).
Mar–Apr 2026 · Closed
Series E of about $1B at $15B, with $600M from ICE.
1 Sep 2026 · Talks
1789 Capital says it is leading a $1B round at $21B; closing not yet reported.

Still private, not a subsidiary: Polymarket (Blockratize, Inc.) has not listed. ICE, which is public, holds about 22% of outstanding and 14% of fully diluted shares (ICE 10-Q, 30 Sep 2026) and accounts for the stake as an investment, not a subsidiary. Benzinga (Nov 2026) reports preparation for a possible 2027 IPO; that is not a filing and is not a row.

Cite this dataset

Free to quote with a link back. Copy this citation:

Polymarket Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/polymarket/

Download the data

The same 5 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: polymarket-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/polymarket-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

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Methodology & status definitions

How each row is labelled and calculated.

Closed round

New money to Polymarket that a party to the deal confirmed (Polymarket, ICE or ICE’s SEC filings). Where only the press gives the valuation, the row says so.

Reported talks

A round reported by the press, or announced by an investor, that has not been confirmed closed. No step-up and no multiple.

Valuation ÷ run-rate

Valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Polymarket’s annualized-revenue figures (over $1.8B, per Benzinga citing CNBC) were not stated in any round announcement, so no multiple is shown.

What is not a separate row

The $4M seed (2020) and the $25M Series A (date not disclosed). ICE’s ~$40M purchase of common shares from existing holders (April 2026 tender, ICE 10-Q). Token plans, acquisitions and secondary-market prices.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled: Series B, the June 2025 talks, ICE’s Series D and Series E investments, and the 1789 Capital round talks.