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March 18, 2025 - Deals
Pilgrim Secures $3.25 Million Funding From Thiel Capital Cantos And Refactor
Pilgrim, a biotech startup founded by Thiel Fellow Jake Adler, is pioneering nanotechnology, bioelectronics, and AI-driven solutions to enhance military resilience and anti-threat biosurveillance. The company recently secured $3.25 million in funding from Thiel Capital, Cantos, and Refactor to advance its "Voyager" biotech platform, which includes nanoparticle-enabled vaccines and bio-hybrid wound-healing adhesives. Pilgrim aims to rapidly deploy innovative biotech for defense applications, with potential dual-use in civilian medicine, leveraging fast-track DoD-FDA approval pathways to accelerate development.
FOUNDER: Thiel Fellow Jake Adler
INVESTORS: Thiel Capital, Cantos, Refactor, Joshua Browder & Cory Levy
AMOUNT: $3,250,000
HQ: #RedwoodCity #California
#VentureCapital #Pilgrim #ThielCapital #Cantos #Refactor #ThielFellowJakeAdler #JoshuaBrowder #CoryLevy #TradedVC
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Polymarket Raises $1 Billion Led By 1789 Capital At $21 Billion ValuationPolymarket has raised $1 billion at a $21 billion post-money valuation, with 1789 Capital leading the round and committing roughly $300 million. The prediction-markets platform is using the new capital to strengthen liquidity and infrastructure as competition with Kalshi intensifies and regulatory scrutiny continues.
FOUNDER: Shayne Coplan
INVESTORS: 1789 Capital, D.E. Shaw & G Squared
AMOUNT: $1,000,000,000
VALUATION: $21,000,000,000
#VentureCapital #Polymarket #PredictionMarkets #TradedVC #Crypto