Polychain

Type

Venture Capital

Status

Active

Location

San Francisco, United States

Total investments

258

Average round size

22M

Portfolio companies

172

Rounds per year

32.25

Lead investments

72

Follow on index

0.33

Exits

5

Areas of investment
InternetSoftwareFinancial ServicesFinTechInformation TechnologyFinanceBitcoinCryptocurrencyBlockchainTrading Platform

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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Investor highlights

Industry focus
Blockchain/Crypto/Web3
Stage focus
GeneralistPre-SeedSeedSeries ASeries B Show 3 more
Geo focus
CanadaUnited KingdomUnited States

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Investments analytics

Analytics

Total investments
258
Lead investments
72
Exits
5
Rounds per year
32.25
Follow on index
0.33
Investments by industry
  • Blockchain (123)
  • Cryptocurrency (95)
  • Financial Services (64)
  • FinTech (61)
  • Software (56)
  • Show 107 more
Investments by region
  • United States (133)
  • Switzerland (9)
  • India (10)
  • Singapore (14)
  • Canada (12)
  • Show 16 more
Peak activity year
2021
Number of Unicorns
14
Number of Decacorns
14
Number of Minotaurs
1

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Quantitative data

Avg. startup age at the time of investment
3
Avg. valuation at time of investment
255M
Group Appearance index
0.93
Avg. multiplicator
1.47
Strategy success index
1.00

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Cysic 24 May 2024 Seed 12M
Movement Labs 24 Apr 2024 Early Stage Venture 38M
How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.