Polychain

Founded 2016
Founders Olaf Carlson-Wee

Overview

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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.
Total investments 62
Average round size
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The average size of a deal this fund participated in
$14M
Portfolio companies 71
Rounds per year 12.40
Lead investments 23
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.21
Exits 2
Key employees 3

Areas of investment

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • FinTech
  • Internet
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

CompanyIndustryRoundRound SizeDateInvestorsLocation

Offchain Labs

Blockchain
Network Security
Security
Software
1
$100M31 Aug 2021 United States, New York

CoinDCX

Blockchain
Cryptocurrency
Financial Services
FinTech
Trading Platform
1
$90M10 Aug 2021 India, Mumbai

Valora

Financial Services
FinTech
Mobile Payments
1
$20M27 Jul 2021 United States, San Francisco

Nym Technologies

Blockchain
Information Technology
Messaging
Privacy
Security
1
$6M16 Jul 2021 Switzerland, " Switzerland"}

Parallel Finance

Financial Services
1
$2M14 Jun 2021 United States, San Francisco

Genies

Internet
Media and Entertainment
Mobile
Mobile Apps
1
$65M03 May 2021 United States, Los Angeles

Blockchain
Cryptocurrency
Ethereum
Finance
FinTech
Peer to Peer
n/a
$5M13 Apr 2021 Switzerland, " Switzerland"}

Greenwood Finance

Blockchain
Cryptocurrency
Ethereum
Financial Services
FinTech
1
$2M01 Apr 2021 United States, New York

Cryptocurrency
FinTech
Internet
Mobile Apps
1
$2M19 Mar 2021 United States, San Francisco
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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