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Polychain

Founders Olaf Carlson-Wee

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 241
Average round size
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The average size of a deal this fund participated in
$22M
Portfolio companies 163
Rounds per year 30.12
Lead investments 65
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.32
Exits 5
Key employees 3

Areas of investment

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • FinTech
  • Software
Summary

Polychain appeared to be the VC, which was created in 2016. The main office of represented VC is situated in the San Francisco. The fund was located in North America if to be more exact in United States.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. The fund has no exact preference in some founders of portfolio startups. If startup sums 4 of the founder, the chance for it to be financed is low. We can highlight the next thriving fund investment areas, such as Finance, Software. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the various public portfolio startups of the fund, we may underline Coinbase, DFINITY, Kik Interactive

The typical startup value when the investment from Polychain is more than 1 billion dollars. The usual things for fund are deals in the range of 10 - 50 millions dollars. The top activity for fund was in 2018. The fund is generally included in 13-24 deals every year. Considering the real fund results, this VC is 17 percentage points more often commits exit comparing to other organizations.

This organization was formed by Olaf Carlson-Wee. The overall number of key employees were 3.

The typical case for the fund is to invest in rounds with 6-7 participants. Despite the Polychain, startups are often financed by Kindred Ventures, Union Square Ventures, Spark Capital. The meaningful sponsors for the fund in investment in the same round are Andreessen Horowitz, MetaStable Capital, Naval Ravikant. In the next rounds fund is usually obtained by Andreessen Horowitz, Naval Ravikant, MetaStable Capital.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Polychain:
Typical Co-investors
Polychain is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Polychain:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Stream Trading

$1M10 Apr 2024 -

dappOS

Web Apps
Web Development
$15M28 Mar 2024 -

Sailing player

$2M19 Mar 2024 Shenzhen, Guangdong, China

Clique

Audio
Media and Entertainment
Video
$8M14 Mar 2024 Stanford, California, United States

Eclipse

Blockchain
Enterprise Software
$50M11 Mar 2024 -

Sahara AI

$6M05 Mar 2024 Los Angeles, California, United States

Talus Network

$3M26 Feb 2024 Los Angeles, California, United States

AltLayer

Blockchain
Cryptocurrency
$14M19 Feb 2024 Singapore, Central Region, Singapore

Superform Labs

Blockchain
Cryptocurrency
Service Industry
$6M08 Feb 2024 -
News
Nym gets $6M for its anonymous overlay mixnet to sell privacy as a service

– Switzerland-based privacy startup Nym Technologies has raised $6m.
– The round was led by Polychain Capital and joined by Eden Block, Greenfield One, Maven11, Tioga and 1kx.
– The company plans to use the funding to continue commercial development of network infrastructure.

Crusoe Closes $128M Series B

– Crusoe Energy Systems from San Francisco has closed a $128m Series B equity financing led by Valor Equity Partners.
Lowercarbon Capital, DRW Venture Capital, Founders Fund, Bain Capital Ventures, Coinbase Ventures, Polychain Capital, KCK Group, Upper90, Winklevoss Capital, Exor, Zigg Capital and JB Straubel participated.
– The company provides solutions for the energy industry.

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Total investments 241
Average round size 22M
Rounds per year 30.12
Peak activity year 2021
Lead investments 65
Follow on index 0.32
Exits 5
Group Appearance index 0.93

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Stream Trading

$1M10 Apr 2024 -

dappOS

Web Apps
Web Development
$15M28 Mar 2024 -

Sailing player

$2M19 Mar 2024 Shenzhen, Guangdong, China

Clique

Audio
Media and Entertainment
Video
$8M14 Mar 2024 Stanford, California, United States

Eclipse

Blockchain
Enterprise Software
$50M11 Mar 2024 -

Sahara AI

$6M05 Mar 2024 Los Angeles, California, United States

Talus Network

$3M26 Feb 2024 Los Angeles, California, United States

AltLayer

Blockchain
Cryptocurrency
$14M19 Feb 2024 Singapore, Central Region, Singapore

Superform Labs

Blockchain
Cryptocurrency
Service Industry
$6M08 Feb 2024 -
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