Polychain

investment firm

About

Through cryptographic verification, game-theoretic equilibrium, and programmatic scarcity, Bitcoin and blockchain technologies disrupted global systems and ushered in a new digital asset class. We believe society will restructure around blockchain-based incentive systems, and accelerate this future by allocating funds toward breakthrough technologies and technical teams building these ecosystems.

Details

Last Funding Type
Seed
Last Funding Money Raised
$10M
Industries
Bitcoin,Cryptocurrency,Hedge Funds,Venture Capital
Founded date
Jan 1, 2016
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
Polychain Capital
Investor Type
Hedge Fund,Venture Capital

The emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using the software. Polychain Capital is committed to exceptional returns for investors through actively managed portfolios of these blockchain assets.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$10M
Polychain has raised a total of $10M in funding over 2 rounds. Their latest funding was raised on Dec 11, 2016 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 11, 2016 Seed $10M 7 Detail

Funds Raised

Announced Date Fund Name Money Raised
Oct 9, 2019 Polkadot Ecosystem Fund -
Sep 3, 2019 Polychain Ventures LP -
Dec 18, 2018 Polychain Ventures $175M

Investments

Number of Investments
Number of Lead Investments
141
85
Polychain has made 141 investments. Their most recent investment was on Apr 4, 2023, when Polyhedra Network raised $15M.
Date Company Name
Round Money Raised Industry Lead Investor
Series A $15M Web Development Yes
Jan 21, 2023 Polyhedra Network
Seed $10M Web Development Yes
Dec 19, 2022 Foundation
Seed $7M Bitcoin Yes
Dec 13, 2022 Finterest
Seed $1.50M Bitcoin Yes
Dec 12, 2022 Evertas
Series A $14M Blockchain Yes

Investors

Number of Lead Investors
Number of Investors
7
Polychain is funded by 7 investors. Abstract Ventures and Alexander Pack are the most recent investors.
Investor Name Lead Investor Funding Round
Abstract Ventures Seed
Alexander Pack Seed
Andreessen Horowitz Seed
DCM Ventures Seed
DHVC Seed
Pantera Capital Seed
Union Square Ventures Seed

Employee Profiles

Number of Employee Profiles
10
Polychain has 10 current employee profiles, including Board member Chris Dixon
Board member
Executive
Employee
Employee
Employee

Exits

Polychain has had 7 exits. Polychain most notable exits include Altonomy ,   MyCrypto

Date Company Name Exit Type Industry
Mar 22, 2022 Altonomy M&A Cryptocurrency Detail
Feb 1, 2022 MyCrypto M&A Cryptocurrency Detail
Jan 17, 2022 Dharma Labs M&A Credit Detail
Apr 14, 2021 Coinbase IPO Bitcoin Detail
Sep 25, 2020 Neon Media M&A Video Games Detail