/Investor DB

Polychain Capital

Venture capitalventure arm of Polychain

San Francisco · Pre-Seed–Seed · 7 people tracked

Also known as Polychain · POLYCHAIN CAPITAL LP

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Investment thesis

Polychain focuses on the emerging digital asset class created by bitcoin and subsequent blockchain technologies, where scarcity derives from mathematical properties. It views blockchain-based assets as capable of being created, issued, and transmitted via software through cryptographic verification and game-theoretic equilibrium. The firm builds and actively manages portfolios of these blockchain assets with the goal of generating exceptional returns for its investors.

Source: firm website, verified Oct 5, 2026.

Stage
Pre-Seed–Seed
Check
$100K – $10M
HQ
San Francisco, CA, US
Leads rounds
Follows
Instruments
Equity
Founded
2016
Last 12 months
14 investments
AUM
$2.9B
Tracked investments
166
Unicorns
10
IPOs
2
Acquisitions
6

Team · 7 people

from curated & public directories
Nima Vaziri· Venture Partner
Michael Waldmann· Investorin

7 people who came through Polychain Capital went on to found or lead other companies.

What they invest in

from 129 of 166 portfolio companies

Crypto & Web3 ×88Fintech ×53Data & Infrastructure ×41AI & Machine Learning ×38Developer Tools ×29SaaS ×20Enterprise Software ×19Cybersecurity ×8

HQs:United States×44Canada×2United Kingdom×2United Arab Emirates×1Switzerland×1Costa Rica×1

Investments · 166 tracked

founders shown can be your intro path

By year:2026 · 92025 · 162024 · 142023 · 92022 · 172021 · 242020 · 52019 · 92018 · 82017 · 3114 dated

0x Labs0x.orgin𝕏crypto exchanges: ZRXAug 2017

0x provides onchain routing and liquidity aggregation infrastructure for enterprise wallets, payments platforms, and exchanges.

Crypto & Web3Data & InfrastructureFintechSan Francisco, US

Will Warren(Founder)inAmir Bandeali(Founder)inAlex Q. Xu(Co-Founder)inFulvia Morales(Director of Product (previously Group Product Manager))Stuart Law(Head of Operations)inTheo Gonella(Group Product Manager)in

Co-investorsA.Capital VenturesArchetypeBitDAOBlockchain CapitalBlockchain.com VenturesCoinbase Ventures+15 more

Coinbasecoinbase.comin𝕏Nasdaq: COIN

Coinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers.

Crypto & Web3FintechSan Francisco, US

Brian Armstrong(CEO)inFred Ehrsam(Board Of Directors)inEmilie Choi(President & COO)inAlesia Haas(Chief Financial Officer)inPaul Grewal(Chief Legal Officer & Secretary)inLawrence (L.J.) Brock(Chief People Officer)

Co-investors1confirmationA.Capital Venturesa16z cryptoAcrew CapitalAdventure FundAndreessen Horowitz+99 more

Eclipseeclipse.xyz𝕏✓ verified

Eclipse builds an Ethereum Layer 2 network that uses the Solana Virtual Machine (SVM) as its execution environment, combining Solana's high-throughput execution with Ethereum's liquidity and security.

Crypto & Web3Data & InfrastructureDeveloper ToolsFintech

Neel Somani(Founder)inTerry Chung(Head of Strategy)Vijay Chetty(CEO)Ben Livshits(CTO)

Co-investorsHack VCDBAFenbushi CapitalMaven 11OKX VenturesCogitent Ventures+11 more

Fabricwithfabric.xyz✓ verified

Fabric builds onchain protocols and tools for decentralized capital coordination, including crowdfunding, creator subscriptions, and DEX aggregation services.

Creator EconomyCrypto & Web3Developer ToolsFintech

Jonny Mack(Cofounder and CEO)Dan Simpson(Cofounder and CTO)Chris Douglas(Cofounder and CSO)

Co-investorsEniac VenturesMischiefReverieBessemer Venture PartnersSamsung Ventures

Fluentlabsfluentlabs.xyz✓ verified

Fluent Labs develops blockchain infrastructure and consumer products, including the Fluent Network with blended execution that allows programs written for different virtual machines to run within the same blockchain state.

Crypto & Web3Data & InfrastructureDeveloper Tools

Co-investorsSymbolic Capital

glowglow.orgin𝕏✓ verified

Glow is a sustainable energy platform that deploys solar farms across multiple continents, facilitating crowdsourced renewable energy projects and institutional investments to deliver clean energy at scale to regions in need.

CleantechClimate TechEnergy

David Vorick(Founder & CEO)inJulie Rhodes(Head of Operations)Chris Denaro(COO)in

Co-investorsAndreessen HorowitzCyberstartsEv3 Ventures LlcLattice CapitalNotion CapitalSoma Capital+10 more

Light Protocollightprotocol.com✓ verified

Light Protocol builds blockchain infrastructure and APIs that enable developers to scale applications on Solana using ZK Compression, an open-source technology that reduces token and account creation costs by up to 99% while maintaining blockchain security.

Crypto & Web3Data & InfrastructureDeveloper Tools

Co-investorsAdvanced BlockchainAsymmetricdlabHypersphere Ventures

Monkey Tiltmonkeytilt.com𝕏Nov 2024✓ verified

MonkeyTilt is a crypto-based online gambling platform offering casino games (slots, live dealer tables, game shows, and exclusive originals), a sportsbook with pre-match and live betting, and poker, all funded through cryptocurrencies.

ConsumerCrypto & Web3GamingSan Jose, CR

Sam Kiki(Founder)in

Co-investorsPantera CapitalCoinFundHack VCPaper VenturesAccompliceJosh Hannah+2 more

Acalaacala.networkNov 2020

Acala is a Substrate-based cross-chain DeFi hub and stablecoin network secured by Polkadot, with a sister network Karura on Kusama.

Singapore

Ruitao Su(Founder)inBette Chen(Founder)Bryan Chen(Founder)Fuyao Jiang(Founder)

Co-investorsAlliance DAO (ex DeFi Alliance)Andromeda CapitalArrington CapitalBlockchain CoinvestorsCoinbase VenturesD1 Ventures+11 more

Agoricagoric.cominNov 2021 · $32M

Agoric builds secure infrastructure for a composable cross-chain crypto economy, along with products that automate fragmented crypto workflows.

Crypto & Web3Data & InfrastructureDeveloper ToolsFintech

Dean Tribble(Founder)inMark S. Miller(Chief Scientist)inMichael Jablon(Chief Operating Officer)in

Co-investorsAGE CryptoBollinger Investment GroupDanu VenturesFigmentgumi IncLD Capital+14 more

Alloraallora.network𝕏Series A · Jun 2024 · $22M

Allora is a decentralized network for machine learning model development and inference, where developers deploy ML workers and models to topics that collectively generate predictions.

AI & Machine LearningCrypto & Web3Data & Infrastructure

Nick Emmons(Founder)in

Co-investorsArchetypeCoinFundOlive Tree CapitalWavemaker PartnersBlockchain CapitalDelphi Ventures+3 more

AltLayeraltlayer.io𝕏Jul 2022

AltLayer provides infrastructure and autonomous agents for building intelligent applications on decentralized blockchain networks, including services for AI model access, DeFi integration, and rollup deployment.

AI & Machine LearningCrypto & Web3Developer Tools

Yaoqi Jia(Founder)

BoardBalaji Srinivasan

Co-investorsBankless VenturesBollinger Investment GroupBreyer CapitalHack VCIOSG VenturesMoonhill Capital+4 more

Anomaanoma.netin𝕏Nov 2021 · $26M

Anoma is a blockchain protocol redesigned from first principles as digital infrastructure for self-sovereign coordination, aiming to give users control over the systems they use and provide a substrate for decentralized global coordination.

Crypto & Web3Data & InfrastructureDeep TechDeveloper ToolsEnterprise Software

Adrian Brink(Co-founder)inChristopher Goes(Co-founder)Awa Sun Yin(Co-founder)

Co-investorsBixin CapitalBixin VenturesCoinbase VenturesCVP NoLimitElectric CapitalFigment+17 more

Arbitrumarbitrum.ioAug 2021

Arbitrum is an Ethereum layer-2 platform using optimistic rollups to offer cheaper, faster transactions and dedicated chains.

Ed Felten(Founder)Harry Kalodner(Founder)Steven Goldfeder(Founder)

Co-investorsCompoundHTX Ventures (ex Huobi Ventures)IOSG VenturesJustin “3LAU” BlauLauren StephanianOKX Ventures+10 more

Aspen Creek Digitalacdigitalcorp.comSep 2022 · $8M

Aspen Creek Digital Corporation (ACDC) develops behind-the-meter data centers co-located with new renewable energy projects, using them as power takers for high-performance computing and bitcoin mining operations.

CleantechCrypto & Web3EnergyEl Segundo, US

Matthew McGovern(Executive Officer, Director)

Co-investorsCMT Digital Ventures

Astar Networkastar.networkin𝕏Jan 2022 · $22M

AstarFi is a self-custodial personal finance interface designed for cryptocurrency and tokenized real-world asset holders to manage their onchain portfolio across multiple asset types.

Cloud ComputingCrypto & Web3Developer ToolsFintechTokyo, JP

Sota Watanabe(Founder)in

Co-investorsCoinbase VenturesDigital Finance GroupFenbushi CapitalHypersphere VenturesIOSG VenturesLongHash Ventures+9 more

Aurigamiaurigami.finance𝕏Aug 2022

Aurigami is a decentralized lending and borrowing protocol where users deposit crypto assets such as USDC, USDT, ETH, WNEAR, WBTC, and STNEAR to earn yield and access liquidity.

Crypto & Web3Fintech

Lucas Huang(Founder)

Co-investorsCoinbase VenturesImpossible FinanceAlameda ResearchAlex ShevchenkoAlex SvanevikAmber Group+12 more

Ava LabsinApr 2022 · $350M

Brooklyn, US

Emin Gun Sirer(Executive Officer, Director)inKevin Sekniqi(Cofounder)in

Co-investorsFoundryAndreessen HorowitzBalaji SrinivasanBitmain

Avalancheavax.networkin𝕏Feb 2019

The Avalanche Foundation is a non-profit organization that supports innovation and growth in the Avalanche ecosystem through grants, programs, and strategic support for developers, entrepreneurs, and communities building on the Avalanche blockchain platform.

Crypto & Web3Data & InfrastructureDeveloper ToolsEnterprise SoftwareFintech

Emin Gun Sirer(Founder)inBrian Riordan(Founder)Elezhan (Ijan) Zhakiya(Founder)inEmin Gün Sirer(Founder)Kevin Sekniqi(Founder)Maofan Ted Yin(Founder)

Co-investorsa16z cryptoAegis VentuesAndreessen HorowitzAndromeda CapitalBaseTwoBig Brain Holdings+34 more

Axelaraxelar.network𝕏Jun 2021 · $25M

Axelar is a blockchain interoperability network that connects institutions to onchain ecosystems through a single integration, letting them deploy stablecoins, real-world assets, and funds across 80+ blockchains.

Crypto & Web3Data & InfrastructureFintechWaterloo

Sergey Gorbunov(Founder)inGeorgios Vlachos(Founder)in

Co-investorsAndromeda CapitalBitDAOCoinbase VenturesCollab+CurrencyDCVC (Data Collective)Divergence+19 more

Babylonbabylonlabs.ioin𝕏

Babylon Labs develops trustless infrastructure that enables Bitcoin to be used as collateral in decentralized finance and through a Bitcoin staking protocol for blockchain validation.

Crypto & Web3Fintech

Fisher Yu(Founder)inDavid Tse(Founder)

Co-investorsa16z cryptoAlumni VenturesAndreessen HorowitzBasecamp FundBloccelerate VCBreyer Capital+13 more

Bitlayerbitlayer.orgin𝕏Oct 2024 · $9M

Bitlayer is a Bitcoin-focused blockchain infrastructure project offering YBTC (yield-bearing BTC), multichain support, and BTC deposit and trading functionality.

Crypto & Web3Data & InfrastructureFintech

Charlie Hu(Founder)inKevin He(Founder)inCharlie Yechuan Hu(Founder)

Co-investors57Blocks CapitalABCDE CapitalAlphaLab CapitalAsymmetricBaseTwoCaladan+12 more

Blueprintblueprint.aiin

Blueprint builds software tools for licensed mental health professionals to support their clinical work and client care.

AI & Machine LearningDigital HealthHealthtechMental HealthSaaS

Danny Freed(Founder)in

Co-investorsBeringeaBonfire VenturesCentana Growth PartnersCentana PartnersData TechEnsemble VC+8 more

Blueprint Advertisingblueprint.techinAug 2026

Blueprint is a software platform that automates ad tracking and campaign management for advertisers and agencies by integrating with their existing tools and workflows.

AdTechAI & Machine LearningMarketing TechSaaSWashington DC, US

Abtin

Co-investorsLeverageVCA16Z SpeedrunBitGoFlowdeskFoundersKeyrock

Botanixbotanixlabs.xyzin𝕏May 2024 · $8.5M

Botanix is a Bitcoin-based blockchain platform for applications focused on Bitcoin financialization.

Crypto & Web3New York, US

Willem Schroe(Executive Officer)in

Co-investorsEdessa CapitalMetamatic GroupPlaceholder VCWeb3com Ventures

Brevan Howard Digitalbrevanhoward.cominApr 2024 · $100M

Brevan Howard manages investment funds; the provided page only contains legal disclaimers about investment risk and does not describe the firm's business in usable detail.

Fintech

Co-investorsMirana VenturesFramework VenturesHack VCHashkey CapitalSamsung Next

Brevisbrevis.network

Michael Tung(Founder)Mo Dong(Founder)

Cambriancambrian.orgin𝕏Seed · Jun 2026 · $6M

Cambrian builds blockchain data and AI infrastructure, drawing on experience in onchain data, verifiability, and DeFi data systems.

AI & Machine LearningCrypto & Web3Data & InfrastructureFintechLondon

Sam Green(Founder)inFady Saad(Director)Oliver Mitchell(Director)Joao Filipe Nunes Seabra(Executive Officer, Director, Promoter)Miika Petteri Satori(Executive Officer, Director, Promoter)

Co-investorsBlockchain BuildersGS FuturesCybernetix VenturesFlow TradersFranklin TempletonNJF Capital+3 more

Cambriancambrian.vcJun 2026 · $6M

Cambrian is a venture capital firm that writes $300k–$1mm+ pre-seed and seed checks (as lead, co-lead, or participant) into early-stage fintech companies.

FintechSan Francisco, US

Rex Salisbury(Solo-GP)in

Co-investorsSandwich CapitalFlow TradersFranklin TempletonNomad CapitalPaper VenturesSelini Capital

Cantoncanton.networkin𝕏Jun 2025

Canton is a privacy-enabled public blockchain (Layer 1) that connects previously siloed financial systems, letting regulated institutions exchange tokenized assets and data with privacy controls and real-time synchronization.

Crypto & Web3Data & InfrastructureFintech

Yuval Rooz(Founder)

Co-investors1/1 Capital10SQ Capital (TenSquared)LongHash Venturesa16z cryptoAlumni VenturesAndreessen Horowitz+19 more

Canton Networkcanton.foundationin𝕏Jun 2025 · $135M

The Canton Foundation fosters the development and governance of the Global Synchronizer, a blockchain infrastructure that enables atomic transactions across sovereign blockchains while preserving privacy.

Crypto & Web3Data & Infrastructure

Co-investorsUDHCUniversal DeFi Holding Companya16z cryptoAndreessen HorowitzBNP ParibasCircle Ventures+7 more

Canza Financecanza.ioin𝕏Jan 2024 · $2.3M

Canza Finance is a Web3 company combining DeFi, crypto-assets, and traditional financial infrastructure to provide financial products for individuals and businesses in Africa and other emerging markets.

Crypto & Web3Fintech

Pascal Ntsama IV(Co-founder & CEO)inOyedeji Oluwoye(Co-founder & CMO)in

Co-investorsAdaverseFenbushi CapitalFlori VenturesHyperithmMapleblock CapitalStratified Capital+3 more

Cascadecascade.appin𝕏Dec 2025 · $15M

Cascade is a strategy execution platform that helps organizations turn long-term corporate strategy into actionable goals across teams, with AI-powered executive summaries and reporting to track progress.

AI & Machine LearningEnterprise SoftwareSaaSNew York City, US

Tom Wright(Founder)in

Co-investorsOneVenturesA16Z SpeedrunAda VenturesArchetypeBlitzscaling VenturesCarthona Capital+4 more

Cascadecascade.ioDec 2025 · $15M

Cascade was a no-code data platform that let non-technical business analysts import, transform, and combine large datasets and present findings through interactive data apps.

Data & InfrastructureEnterprise SoftwareSaaSSan Francisco, US

Jon(Co-founder)Jake Fuentes(Founder)

Co-investorsExpaNat TurnerOctaveA16Z SpeedrunAda VenturesArchetype+1 more

Celestiacelestia.orgin𝕏

Celestia designs and delivers custom, high-throughput blockchain chains for enterprises, separating compute and storage so each scales independently.

Crypto & Web3Data & InfrastructureEnterprise Software

Mustafa Al-Bassam(Founder)inNick White(Co-founder & CEO, Celestia Labs)inPreston Evans(CTO, Celestia Labs)Sarah Armstrong(CFO)inZach Leibowitz(General Counsel)inIsmail Khoffi(Founder)

Co-investorsAdvanced BlockchainAlphaLab CapitalBain Capital CryptoBlockchain CapitalCaladanCoinbase Ventures+23 more

Celoclabs.coin𝕏Apr 2019

Celo Core Co. is the engineering and ecosystem team behind the Celo network, building core products, tools, and infrastructure for programmable rails in global finance rooted in Ethereum.

Crypto & Web3Data & InfrastructureFintech

Co-investorsAndreessen Horowitza16z crypto

Celocelo.org𝕏Apr 2019

Celo is a blockchain network designed for stablecoin payments and global financial transactions, positioned as a Layer 2 solution built on Ethereum's ecosystem.

Crypto & Web3Fintech

Marek Olszewski(Founder)Rene Reinsberg(Founder)Sep Kamvar(Founder)

Co-investorsA.Capital Venturesa16z cryptoCoinbase VenturesDWF LabsFuture Perfect VenturesMetastable+8 more

Celocelohealth.comApr 2019

Celo is a secure messaging and collaboration platform for healthcare care teams, available on iPhone, Android, and web.

Digital HealthHealthtechSaaS

Co-investorsNZ Growth Capital Partnersa16z cryptoAndreessen HorowitzElectric CapitalGreenfield One

Cliqueclique.techin𝕏Mar 2024 · $8M

Clique provides enterprise-grade confidential computing solutions using trusted execution environments (TEE), secure multi-party computation (MPC), and zero-knowledge proofs.

Cloud ComputingCrypto & Web3CybersecurityData & InfrastructureEnterprise SoftwareSaaS

Co-investorsAlliance DAO (ex DeFi Alliance)Bankless VenturesBitDAOMantle NetworkZero Knowledge Validator (ZKV)Balaji Srinivasan+3 more

Compoundcompound.finance

Compound is an Ethereum smart-contract protocol for supplying and borrowing crypto assets at algorithmically set interest rates.

Geoffrey Hayes(Founder)Robert Leshner(Founder)Jacob Schein(Founder)inJordan Gonen(Founder)in

Co-investorsa16z cryptoAbstract VenturesAndreessen HorowitzBig Candle CapitalBitDAOChapter One+14 more

Compoundwithcompound.comin𝕏Series B · Nov 2019 · $25MAcquired

Compound provides wealth management technology and services enabling advisors to deliver personalized financial, tax, and investment planning for clients.

FintechSan Francisco, US

Jordan Gonen(Founder)inJacob Schein(Founder)inAlex Farman-Farmaian(Co-Founder & CEO)inIan Chan(Head of Engineering)Sara DeBrule(Head of Talent Acquisition)Ty Shaikh(Talent Team)

Co-investorsAltaIR CapitalEvolution VenturesMPG FundThink+ Ventures Management, LlcWayfinder VenturesXYZ Venture Capital+17 more

Concrete Protocolconcrete.xyz𝕏Jan 2025

Concrete provides on-chain financial infrastructure that generates yield on crypto assets across multiple blockchains, using automated vault strategies that allocate, rebalance, and compound returns across DeFi opportunities.

Crypto & Web3Fintech

Co-investorsHyperithmHypersphere VenturesPicks and Shovels (Picks & Shovels)Avalanche FoundationAwesome People VenturesHashed+4 more

Connext/Everclearconnext.network𝕏Jun 2023 · $7.5M

Connext provides xCall, a developer tool that enables applications to interact with users, tokens, and other applications across multiple blockchains.

Crypto & Web3Developer ToolsSan Francisco, US

Arjun Bhuptani(Executive Officer, Director)inLayne Haber(Executive Officer, Director)inRahul Sethuram(Executive Officer)in

Co-investorsA.Capital VenturesAmentum Investment ManagementCVP NoLimitD1 VenturesFenbushi CapitalFigment+14 more

Cosmoscosmos.so𝕏

Cosmos is a platform for organizing, searching, and managing personal image collections by visual characteristics like color and similarity.

Creator EconomyMarketing Tech

Maghnus Mareneck(Founder)inAndy McCune(Founder)Ethan Buchman(Founder)Jae Kwon(Founder)Luca Marra(Founder)Zarko Milosevic(Founder)

Co-investorsGV (Google Ventures)MatrixShine CapitalAccelBlueYard CapitalDraft Ventures Llc+5 more

Crusoecrusoe.aiin𝕏Jan 2021

Crusoe builds energy-first AI infrastructure, using innovative and renewable energy sources to power hyperscale AI factories and a cloud platform for AI workloads.

AI & Machine LearningCloud ComputingData & InfrastructureEnergyDenver, US

Cully Cavness(Founder)inChase Lochmiller(Founder)inCharles Cavness(Executive Officer, Director)Matthew DeNezza(Executive Officer)inJamey Seely(Executive Officer)inMichael Gordon(Executive Officer)in

Co-investorsAbstract VenturesACTIVATE CAPITAL PARTNERSAdvaita CapitalAir Street CapitalAkkaAlkeon Innovation+73 more

Cubistcubist.devin𝕏Mar 2023 · $7M

Cubist develops cryptographic proof systems and tools for verifying software correctness and security, serving developers and organizations building secure systems.

Crypto & Web3CybersecurityDeveloper ToolsEnterprise Software

Riad(CEO)inAnn(COO)inFraserinDeianinRohanin

Co-investorsAmplify PartnersPROOFSymbolic CapitalVery Serious VenturesZero Knowledge Validator (ZKV)Blizzard+2 more

DAWNdawninternet.comin𝕏

DAWN is a decentralized broadband network that enables users to share internet capacity and operate as their own internet providers through a hardware node and protocol system.

Crypto & Web3

Co-investors6th Man VenturesAdvancit CapitalArchetypeEv3 Ventures LlcFlowdeskLattice Capital+3 more

DerivaDEXderivadex.com𝕏Jan 2020

DerivaDEX is a decentralized cryptocurrency derivatives exchange offering a real-time price feed, fast trade resolution, and a competitive fee structure.

Crypto & Web3Fintech

Co-investorsCoinbase VenturesDragonflyMetastableCalvin LiuElectric Capital

DeSodeso.com𝕏Sep 2021

DeSo is a layer-1 blockchain designed to store social media data fully on-chain, enabling developers to build decentralized social applications such as social networks, NFT marketplaces, and creator monetization tools.

Co-investorsCoinbase VenturesMagnus CapitalAndreessen HorowitzHack VCIDEOPantera Capital+2 more

Dfinitydfinity.orgin𝕏Apr 2021 · $61M

DFINITY builds the Internet Computer, a decentralized cloud network that enables applications to run directly on the blockchain with persistent state, native HTTP serving, and built-in security without requiring external databases or a dedicated operations team.

AI & Machine LearningCloud ComputingCrypto & Web3Developer Tools

Dominic Williams(Founder)in

Co-investorsa16z cryptoAcrew CapitalAmino CapitalAndreessen HorowitzAspect VenturesBollinger Investment Group+28 more

DFX Financedfx.financeSeed · Feb 2021 · $5M

London, GB

Henry Chan(Founder)Adrian Li(Founder)Kevin Zhang(Founder)in

Dharma Labsdharma.io𝕏Seed · Feb 2019 · $7Macquired by Opensea

Dharma Labs operates an Ethereum wallet that connects US bank accounts to decentralized exchanges, allowing users to purchase cryptocurrency tokens and access DeFi yield opportunities from a mobile app.

Crypto & Web3FintechSan Francisco, US

Nadav Hollander(Project Lead)inGraeme Boy(Director of Engineering)Brendan ForsterEd Burns(Lead Technical Recruiter)

Co-investorsY CombinatorBlockchange VenturesCantos VenturesCoinbase VenturesDraft Ventures LlcGreen Visor Capital+8 more

Difinitydifinity.cain𝕏Feb 2018 · $61M

Difinity develops medical devices and technologies focused on emergency medication delivery and needle safety.

HealthtechMedical DevicesVancouver, CA

David Kim(CEO)inDamien Tak(CTO)Larry Murphy(Chief Regulatory Officer)in

Co-investorsScaleGood Fund LP (powered by TELUS)Startup TNTUCeed Funds

Digital Assetdigitalasset.comin𝕏Late Stage · May 2026 · $355M

Digital Asset (DA) is the creator of the Canton Network, a privacy-enabled blockchain for global financial markets that supports tokenization of real-world assets and connects traditional and decentralized finance.

Crypto & Web3Enterprise SoftwareFintechNew York, US

Yuval Rooz(Co-Founder & CEO)inEric Saraniecki(Co-Founder & Head of Network Strategy)Shaul Kfir(Co-Founder)inJuan Lorenzana(Executive Officer)inEdward Lawrence Janulis(Executive Officer)

Co-investorsAlumni VenturesR136 VenturesSmash Capitala16z cryptoBNP ParibasBroadridge+23 more

dYdXdydx.xyzin𝕏Jun 2021

dYdX is a decentralized cryptocurrency exchange offering spot and derivatives trading with features including deep liquidity, advanced order types, and instant market listings.

Crypto & Web3FintechNew York City, US

Antonio Juliano(Founder)inIvo Crnkovic-Rubsamen(CEO)inCharles d'Haussyin

Co-investors1confirmationa16z cryptoAbstract VenturesAndreessen HorowitzBR CapitalCapital B Private Holdings+14 more

dYdXdydxopsdao.com𝕏

The dYdX Operations subDAO is a decentralized autonomous organization that manages legal contracts, community infrastructure, and governance operations for the dYdX Chain through the Digital Operations Foundation, a Cayman Islands-based entity.

Crypto & Web3FintechCayman Islands, KY

Co-investorsKindred Ventures1confirmationAndreessen HorowitzDeFiance CapitalElectric CapitalKronos Research+4 more

Eigen Layereigenlayer.xyz𝕏

EigenCloud is a developer platform providing cryptographic trust primitives for applications and AI agents through verifiable computation, inference, and data availability backed by slashable stake on EigenLayer.

AI & Machine LearningCrypto & Web3Developer Tools

Sreeram Kannan(Founder)in

Co-investorsa16z cryptoAndreessen HorowitzBitDAOBixin CapitalBixin VenturesBloccelerate VC+22 more

Ensoensoanalytics.comin𝕏Apr 2021 · $5M

Enso is an AI-first data preparation and blending platform that enables data teams to ingest, clean, transform, and analyze structured and unstructured data across multiple sources including databases, files, and APIs.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSKraków, PL

Sylwia Brodacka(Founder)inWojciech Daniło(Founder)Wojciech DaniloGreg Ociepka(manager)

Co-investorsBalnord Sp. z o.o.Y CombinatorAbstract VenturesDay One VenturesDeepbridge CapitalExperior Venture Fund+14 more

Ensoenso.security𝕏Apr 2021 · $5Macquired by Snyk

Enso Security (presented on the page as Snyk's AI Security Platform) provides an independent security layer that validates AI-generated code, governs development agents, and secures AI-native applications.

AI & Machine LearningCybersecurityDeveloper Tools

Roy Erlich(Founder)in

Co-investorstoDay VenturesYL VenturesElaiaMulticoin CapitalNFXTHE LAO

Ensoenso.finance𝕏

Enso provides a development platform for building blockchain applications, offering pre-built Actions and Shortcuts that abstract smart contract interactions to eliminate manual integration work.

Crypto & Web3Developer Tools

Connor Howe(Founder)in

Co-investorsHypersphere VenturesMulticoin Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

One ProtocolBlueprint Bryan JohnsonCambrian NetworkCEA IndustriesCompound LabsElement FinanceNava labsSaddle FinanceTalus NetworkVeryAIWebb Protocol

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 8

2 IPOs · 6 acquisitions · showing 5

0x Labscrypto exchanges: ZRXCoinbaseNasdaq: COINDharma Labsacq. by OpenseaEnsoacq. by SnykLessonlyacq. by Seismic

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Polychain Capital made?
Polychain Capital has 166 tracked investments, 8 of which have exited, including 30 dated in the last 24 months.
What stage does Polychain Capital invest at?
Polychain Capital invests at the Pre-Seed, Seed stages.
What is Polychain Capital's typical check size?
Polychain Capital typically writes checks of $100K – $10M.
What sectors does Polychain Capital focus on?
Polychain Capital focuses on Crypto & Web3.
Where is Polychain Capital located?
Polychain Capital is headquartered in San Francisco, US.
Does Polychain Capital lead rounds?
Polychain Capital typically participates in rounds rather than leading them.
Who does Polychain Capital co-invest with?
Polychain Capital most often shares deals with Greylock Partners, a16z crypto, Coinbase Ventures, among 37 tracked co-investors.

Media · Podcasts & interviews

featuring the team

The Bull Case for Crypto in 2024 with Olaf Carlson-Wee of Polychain Capital | 2024 Upfront Summit

Upfront Ventures · Olaf Carlson-Wee

Why Polychain Capital Founder Never Sells His Crypto | Olaf Carlson-Wee

Empire · Olaf Carlson-Wee

Watch CNBC's full interview with Polychain Capital's Olaf Carlson-Wee

Olaf Carlson-Wee · cnbc.com

Balancing The Ledger: Polychain Capital's Olaf Carlson-Wee I Fortune

Fortune Magazine · Olaf Carlson-Wee

hack.summit("blockchain") 2018 - Olaf Carlson-Wee, Founder and CEO, Polychain Capital

Hack VC · Olaf Carlson-Wee

Olaf Carlson-Wee: Polychain Capital and the Rise of Protocol Tokens (Episode 173)

Epicenter Podcast · Olaf Carlson-Wee

Co-investors · 89

Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M
Pantera Capital

Pantera Capital is a blockchain and cryptocurrency-focused investment firm that pioneered early crypto funds in the U.S., offering exposure through venture equity, early-stage tokens, and liquid tokens.

$5M – $100M
IOSG Ventures

IOSG Ventures is a research-driven investment fund founded in 2017 focused on Web3, backing founders building protocols across infrastructure, middleware, security, and social consumer applications.

$10K – $100K
Hack VC

Hack VC is a venture capital firm investing in early-stage crypto, blockchain infrastructure, decentralized finance, and AI companies.

$3M
Paradigm

Paradigm is a frontier technology investment firm that builds and invests in early-stage companies across crypto, AI, robotics, and other emerging technology areas.

$1M – $100M
Dragonfly

Dragonfly is a crypto-focused investment firm comprising Dragonfly Ventures, Dragonfly Liquid, and Metastable, an early crypto hedge fund it acquired. It invests in and researches blockchain, tokens, and crypto companies.

$3M – $30M
Blockchain Capital

Blockchain Capital is a venture firm that has partnered with crypto builders since 2013, investing across the blockchain and digital asset ecosystem.

$25K – $200K
Lightspeed Venture Partners

Lightspeed Venture Partners is a global venture capital firm that backs founders from Seed through Series F and beyond, emphasizing deep, immersive partnerships with the companies it invests in.

$1M – $5M
Alumni Ventures

Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.

$100K – $10M
Abstract Ventures

Abstract is a San Francisco-based venture capital firm managing $1.8 billion in assets, investing in seed and early-stage companies across all sectors.

$250K – $750K
Winklevoss Capital

Winklevoss Capital is an investment firm that backs founders working on hard problems in critical, frontier technology domains.

Both backed · 7
$100K – $5M
Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

$100K – $50M
▶77 more co-investors

Felicis VenturesFounders FundBain Capital VenturesFirst Round CapitalSlow VenturesBain Capital CryptoAccelDigital Currency GroupDivergenceBlockchange Venturesgumi Cryptos Capital (gCC)General CatalystKleiner PerkinsLux CapitalUncorrelated VenturesAmino CapitalGV (Google Ventures)FundersClubSouth Park CommonsNotable CapitalBenchmarkFoundation CapitalDST GlobalStreamlined VenturesUpHonest CapitalGoodwater CapitalShasta VenturesDraper Fisher Jurvetson (DFJ)Utopian VenturesJigsaw VCPrimitive VenturesGriffin Gaming PartnersQuantstampMysten LabsNew Form CapitalIDEO CoLab VenturesNew Enterprise Associates (NEA)Founder CollectiveFJ LabsKrakenNorwest Venture PartnersGreat Oaks Venture CapitalQuiet CapitalSusa VenturesHCVCBling CapitalAME Cloud VenturesC2 InvestmentsInnovation EndeavorsForerunner VenturesMadrona Venture GroupSoftBank Vision FundBullpen CapitalWingBetaworks Ventures Management, Llc7percent VenturesSaga VenturesRenegade PartnersTenaya CapitalDreamers VCDnx VenturesAnorak VenturesCoelius CapitalBlackbird VenturesLocus VenturesRecursive VenturesHelium-3 VenturesHighbury HoldingsArtis VenturesCherubic VenturesMiramar Venture PartnersPillar VCPage One VenturesPayPal VenturesWorld Innovation Lab (WiL)FirstMile VenturesSCOR Ventures

Firms observed investing alongside Polychain Capital, from public investor directories. Shared companies are the overlap with Polychain Capital's recorded portfolio.

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