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Polychain

Founders Olaf Carlson-Wee

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Investments

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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 279
Average round size
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The average size of a deal this fund participated in
$22M
Portfolio companies 189
Rounds per year 34.88
Lead investments 84
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

Bitlayer

Bitcoin
Blockchain
Cryptocurrency
$300M08 Oct 2024 Singapore, Central Region, Singapore

APRO Oracle

Bitcoin
Information Services
07 Oct 2024 -

Grass

Assistive Technology
Internet
13 Sep 2024 -

Level

Blockchain
$3M29 Aug 2024 New York, New York, United States

Solayer

$12M27 Aug 2024 San Francisco, California, United States

Story Protocol

$80M21 Aug 2024 -

Corn

Bitcoin
$6M20 Aug 2024 Dallas, Texas, United States

Sahara AI

Blockchain
$37M14 Aug 2024 Los Angeles, California, United States

Hyperbolic

$7M30 Jul 2024 New York, New York, United States
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 279
Average round size 22M
Rounds per year 34.88
Peak activity year 2021
Lead investments 84
Follow on index 0.32
Exits 5
Group Appearance index 0.94

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Bitlayer

Bitcoin
Blockchain
Cryptocurrency
$300M08 Oct 2024 Singapore, Central Region, Singapore

APRO Oracle

Bitcoin
Information Services
07 Oct 2024 -

Grass

Assistive Technology
Internet
13 Sep 2024 -

Level

Blockchain
$3M29 Aug 2024 New York, New York, United States

Solayer

$12M27 Aug 2024 San Francisco, California, United States

Story Protocol

$80M21 Aug 2024 -

Corn

Bitcoin
$6M20 Aug 2024 Dallas, Texas, United States

Sahara AI

Blockchain
$37M14 Aug 2024 Los Angeles, California, United States

Hyperbolic

$7M30 Jul 2024 New York, New York, United States
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