🦊/Investors

Polychain Capital

Venture capitaloperating company · company profile

San Francisco · Pre-Seed–Seed · 5 people tracked

Also known as POLYCHAIN CAPITAL LP

Find your way into Polychain Capital

685 people in our graph share verified history with the Polychain Capital team — schools, employers, funds. One of them is your warm intro.

Adamunlockedknows Jing Sun · together at SourceDNA (overlapped)
×3knows the team · via Coinbase
×2knows the team · via Temasek
×5knows the team · via Amherst College
knows the team · via Messari
Fox Verdict
Sign up to see your fit

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 Sep 15, 2026.

Stage
Pre-Seed–Seed
Check
$100K – $10M
HQ
San Francisco, CA, US
Leads rounds
Follows
Instruments
Equity
Founded
2016
Last 12 months
8 investments
AUM
$2.9B
Tracked investments
85
Unicorns
1
IPOs
1
Acquisitions
4

Team · 5 people

from curated & public directories
Michael Waldmann· Investorin

Founder mafia

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

What they invest in

from 73 of 85 portfolio companies

Crypto & Web3 ×50AI & Machine Learning ×24Data & Infrastructure ×24Fintech ×24Developer Tools ×21SaaS ×12Enterprise Software ×11Cloud Computing ×7

HQs:United States×22Canada×1Switzerland×1Costa Rica×1United Kingdom×1Israel×1

Investments · 85 tracked

founders shown can be your intro path

By year:2026 · 52025 · 102024 · 102023 · 62022 · 122021 · 122019 · 12017 · 157 dated

0x Labs Decentralized P2P trading0x.orgin𝕏crypto exchanges: ZRX

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

Crypto & Web3Data & InfrastructureFintechSan Francisco, US

Will Warren(Co-Founder & Co-CEO)inAmir Bandeali(Co-Founder & Co-CEO (formerly Co-Founder & CTO))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+14 more

Eclipseeclipse.builders𝕏✓ verified

Eclipse is a Layer 2 blockchain network for Ethereum that runs the Solana Virtual Machine (SVM), combining Solana's execution speed with Ethereum's liquidity to support high-throughput decentralized applications.

Crypto & Web3Developer ToolsFintech

Neel Somani(Founder)inVijay Chetty(CEO)Terry Chung(Head of Strategy)Ben Livshits(CTO)

Co-investorsHack VCDBAFenbushi CapitalMaven 11OKX VenturesPlaceholder+5 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 Tools

Neel Somani(Founder)inVijay Chetty(CEO)Ben Livshits(CTO)

Co-investorsDBAFenbushi CapitalHack VCMaven 11OKX VenturesPlaceholder+5 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 CapitalTranspose Platform Management+9 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 BlockchaindlabHypersphere VenturesAsymmetric

Monkey Tiltmonkeytilt.com𝕏✓ 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 Ventures

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(Chief Executive Officer)inMark S. Miller(Chief Scientist)inMichael Jablon(Chief Operating Officer)in

Co-investorsAGE CryptoBollinger Investment GroupDanu VenturesFigmentMarin Digital VenturesRed Beard Ventures+11 more

Alloraallora.network𝕏

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-investorsArchetypeCoinFundBlockchain CapitalFramework VenturesMechanism CapitalSlow Ventures

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

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 TechEnterprise Software

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

Co-investorsBixin CapitalBixin VenturesCVP NoLimitElectric CapitalFigmentFlowdesk+11 more

Anomaanoma.networkin𝕏

Anoma builds digital infrastructure for self-sovereign coordination, redesigning blockchain protocols from first principles to give users control over the systems they use.

Crypto & Web3Data & InfrastructureDeep TechDeveloper Tools

Adrian Brink(Cofounder)inChristopher Goes(Cofounder)Awa Sun Yin(Cofounder)

Co-investorsCoinbase VenturesMaven 11Olive Tree CapitalCMCC GlobalElectric Capital

Aspen Creek Digitalacdigitalcorp.com

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 Watanabein

Co-investorsCoinbase VenturesFenbushi CapitalHypersphere VenturesIOSG VenturesLongHash VenturesMapleblock Capital+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

Co-investorsCoinbase VenturesAlameda ResearchAmber GroupJump CryptoQCP Capital

Ava LabsinApr 2022 · $350M

Brooklyn, US

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

Co-investorsFoundryAndreessen HorowitzBalaji SrinivasanBitmain

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(Executive Officer, Director)inGeorgios Vlachos(Director)in

Co-investorsAndromeda CapitalBitDAOCoinbase VenturesCollab+CurrencyDCVC (Data Collective)Divergence+11 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)in

Co-investors57Blocks CapitalABCDE CapitalAlphaLab CapitalBaseTwoCaladanNxGen+10 more

Blueprintblueprint-health.comin

Blueprint offers therapist-built AI for mental health clinicians that assists with documentation, clinical support, client communication, billing, and practice operations.

AI & Machine LearningDigital HealthMental HealthSaaS

Danny Freed(Founder)in

Co-investorsBonfire VenturesData TechLeverageVCBitGoFlowdeskHyde Park Angels+1 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-investorsBeringeaEnsemble VCOperator CollectiveTau VenturesBitGoFlowdesk+1 more

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

Cambriancambrian.orgin𝕏Jun 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(Chief Executive Officer, Founder)inFady Saad(Director)Oliver Mitchell(Director)Joao Filipe Nunes Seabra(Executive Officer, Director, Promoter)Miika Petteri Satori(Executive Officer, Director, Promoter)

Co-investorsGS FuturesFlow TradersFranklin TempletonNomad CapitalPaper VenturesSelini Capital

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-investorsUDHCa16z cryptoAndreessen HorowitzBNP ParibasCircle VenturesDRW Venture Capital+5 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+3 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-investorsExpaA16Z SpeedrunAda VenturesArchetypeCoinbase Ventures

Cliqueclique.techin𝕏

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

Cloud ComputingCybersecurityEnterprise Software

Co-investorsZero Knowledge Validator (ZKV)SevenX Ventures

Cliqueclique.socialin𝕏Mar 2024 · $8M

Clique provides secure distribution services and campaign management for organizations launching token airdrops or similar distribution programs.

Crypto & Web3CybersecurityData & InfrastructureSaaS

Co-investorsBitDAOMantle NetworkRobot Ventures

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

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)Amplify Partners CV+3 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

Dfinitydfinity.orgin𝕏Apr 2021

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+17 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)in

Co-investorsBalnord Sp. z o.o.Y CombinatorKhosla VenturesMulticoin CapitalNFXSignalFire+1 more

Ensoenso.securityin𝕏Apr 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

Ensoenso.botin𝕏

Enso is a research lab and agency that studies clients' marketing funnels and platforms to find attention "growth hacks," then builds and operates custom AI agents that exploit them.

AI & Machine LearningMarketing TechSaaSSales TechTel Aviv, IL

Mickey Haslavsky(Principal Investigator)Omry HayDani Shvarts

Co-investorsfresh.fundNFXDarkmode Ventures

Espresso (Translucence Research Inc)espressosys.comin𝕏

Espresso Systems builds Ethereum infrastructure and blockchain systems with a focus on practical solutions for developers and users within the crypto ecosystem.

Cloud ComputingCrypto & Web3Data & InfrastructureDeveloper ToolsNew York, US

Ben Fisch(Chief Executive Officer)inCharles Lu(Chief Operating Officer)inBenedikt Bünz(Chief Scientist)inJill Gunter(Chief Strategy Officer)inFernando Krell(VP Engineering)inEllie Davidson(Chief Product Officer)in

Co-investorsa16z cryptoAlameda ResearchAndreessen HorowitzBlockchain CapitalCoinbase VenturesElectric Capital+8 more

Ethena Labsethena.fi𝕏Feb 2025 · $100M

Ethena operates a crypto protocol offering USDe, a digital dollar, and sUSDe, a reward-accruing asset backed by collateralized assets with third-party attestations.

Crypto & Web3Fintech

Guy Young(Founder & CEO)in

Co-investorsAlphaLab CapitalBitDAOBreedCaladanCVP NoLimitF-Prime Capital+17 more

Evmosevmos.orgNov 2022 · $27MDefunct

Evmos was an EVM-compatible Cosmos SDK blockchain, built by Tharsis Labs, that shut down after a governance vote.

Co-investorsCoinbase Ventures

Fluentfluenthq.cominFeb 2025 · $8MAcquired

Fluent is an AI tool that automatically generates client-ready marketing performance reports for agencies, connecting to sources like Meta, Google Ads, GA4, and TikTok and learning an agency's templates and tone.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSLondon, GB

Rob Van Den Bergh(CEO)inCameron Whitehead(Founding CTO)in

Co-investorsBeyond CapitalEntrepreneur FirstHoxton Ventures

Fluentfluent.aiin𝕏Feb 2025 · $8M

Fluent.ai offers low-power keyword spotting technology that enables hands-free voice activation on devices through custom branded wake words, optimized for far-field and noisy environments.

AI & Machine LearningDeep TechDeveloper ToolsHardwareIoTMontreal, CA

Chuck(Co-founder)Ning(Co-founder)Elie DaherVikrant Tomar

Co-investors500 GlobalTandemLaunch

Handshakehandshake.orgin𝕏

Handshake is a decentralized, peer-to-peer naming and certificate authority protocol that serves as an alternative to centralized DNS systems and certificate authorities.

Crypto & Web3Data & InfrastructureDeveloper Tools

Joseph Poon(Co-Founder / Protocol Developer)Andrew Lee(Co-Founder)Christopher Jeffrey(Co-Founder / CTO)Tieshun Roquerre(CEO, Namebase (leading Handshake domain registrar/exchange))

BoardMike Duboe(Venture Partner, Greylock Partners (investor listed on Greylock's Handshake portfolio page))in

Co-investorsa16z cryptoAmentum Investment ManagementAusum VenturesD1 VenturesDraper AssociatesFounders Fund+14 more

Holoworldholoworld.com𝕏

Holoworld is an app store for AI agents where users create interactive worlds, virtual characters, and IPs, launch community fundraising campaigns, and run 24/7 AI livestreams.

AI & Machine LearningCreator EconomyCrypto & Web3

Co-investorsLeland Ventures

Hyperbolichyperbolic.xyzin𝕏Dec 2024 · $12M

Hyperbolic operates an AI cloud platform that provides developers and researchers with affordable, on-demand access to GPU compute and AI models, in part by tapping underutilized consumer-grade hardware.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper Tools

Jasper Zhang(CEO & Co-Founder)inYuchen Jin(CTO & Co-Founder)in

Co-investorsAmbush CapitalBig Brain HoldingsFactionGSRLongHash VenturesSamsung Next+4 more

Hyperbolichyperbolic.aiin𝕏Dec 2024 · $12M

Hyperbolic operates an AI cloud platform that provides developers and researchers with affordable access to GPU compute and open-source AI models by tapping underutilized hardware.

AI & Machine LearningCloud ComputingData & Infrastructure

Jasper Zhang(CEO & Co-Founder)inYuchen Jin(CTO & Co-Founder)in

Co-investorsChapter OneShumo ChuAlumni VenturesBankless VenturesGSRLightspeed Faction

Internet Computerinternetcomputer.orgin𝕏

The Internet Computer is a serverless "sovereign cloud" run by independent hardware operators, hosting tamperproof WebAssembly/Motoko software and multi-blockchain digital-asset APIs.

AI & Machine LearningCloud ComputingCrypto & Web3

Co-investorsDraft Ventures LlcAndreessen Horowitz

Lessonlylessonly.comin𝕏Nov 2025 · $10Macquired by Seismic

AI-powered sales training and coaching software that enables personalized learning, skills reinforcement, and seller effectiveness through interactive training, data-driven insights, and coaching playbooks.

AI & Machine LearningEnterprise SoftwareSaaSSales TechIndianapolis, US

John Maxwell Yoder(Executive Officer, Director)Conner Burt(Founder)inMichael Fitzgerald(Executive Officer, Director)in

BoardEric Tobias(Director)inKristian Andersen(Director)in

Co-investorsAllos VenturesElevate VenturesHigh AlphaJackson Square VenturesJMI EquityOpenView Venture Partners+8 more

Liquityliquity.orgin𝕏Jun 2022 · $2.4M

Liquity is a decentralized finance protocol that enables borrowing against crypto collateral with minimal requirements.

Crypto & Web3Fintech

Robert Lauko(Founder)inRick Pardoe(Co-Founder & Lead Engineer)in

Co-investors1k(x)1kxA.Capital VenturesIOSG VenturesLemniscapPantera Capital+3 more

M^ZEROm0.xyzin𝕏Aug 2025 · $40M

M0 provides a modular platform for designing and deploying stablecoins, with configurable layers for token behavior, issuance, and partner integrations.

Crypto & Web3Fintech

Gregory Di Prisco(Founder)in

Co-investorsEarlybird Venture CapitalKraynos CapitalMouro CapitalPantera CapitalParaFi CapitalBain Capital Crypto+4 more

M0t.coAug 2025 · $40M

M0 is a modular stablecoin infrastructure platform that lets developers launch application-specific, interoperable digital dollars.

Luca Prosperi(Founder & CEO)inGreg Di Prisco(Founder)in

Co-investorsA-Rod CorpArrington CapitalBain Capital CryptoBitcoin MagazineCitizenX Crypto VenturesCoinbase Ventures+20 more

Manta Networkmanta.network𝕏

Manta Network is a modular Layer 2 blockchain platform offering low gas fees and high performance for building decentralized applications.

Crypto & Web3Data & InfrastructureDeveloper Tools

Co-investorsAdvanced BlockchainAlliance DAO (ex DeFi Alliance)AZDAGGenblock CapitalHypersphere VenturesLongHash Ventures+5 more

Maple Financemaple.financein𝕏

Maple is an onchain asset management platform offering institutional-grade lending and yield strategies to the crypto ecosystem.

Crypto & Web3Fintech

Joe Flanagan(Founder)in

Co-investorsArctic DigitalBlack DragonBloccelerate VCGSRMarin Digital VenturesMaven 11+4 more

Movementmovementnetwork.xyzin𝕏Jan 2025 · $100M

Movement Network builds infrastructure for cross-border stablecoin settlement and payments.

Crypto & Web3Fintech

Co-investorsSyntax CapitalCoinFundHack VCRobot Ventures

Nocturnenocturne.xyz𝕏Jun 2023

Nocturne is a protocol that enables onchain privacy for blockchain users.

Crypto & Web3San Diego, US

Luke Tchang(Executive Officer, Director)Sebastien La Duca(Executive Officer, Director)

Co-investorsHack VCKira StudioBain Capital Crypto

nucnucypher.com

Security and encryption platform for distributed systems.

San Francisco, US

MacLane Wilkison(Founder)

Co-investors1k(x)1kxAmino CapitalBase Venture Management, Inc.Ceras VenturesContinue Capital+3 more

Polychainpolychain.capitalJun 2026 · $6M

Polychain is an investment firm that manages actively managed portfolios of blockchain-based digital assets, focusing on returns from the cryptocurrency sector.

Crypto & Web3

Olaf Carlson-Wee(Founder & CEO)in

Co-investorsA.Capital VenturesAbstract VenturesAndreessen HorowitzBollinger Investment GroupMirana VenturesMoonhill Capital+7 more

Polyhedrapolyhedra.networkFeb 2023 · $10M

Polyhedra Network builds blockchain infrastructure for AI applications, including EXPchain, a chain for verifiability, data security, and performance of AI systems, and the ZKJ token for gas and governance.

AI & Machine LearningCrypto & Web3Data & Infrastructure

Tiancheng X.(Founder)in

Co-investorsArcane GroupL2 Iterative Ventures (L2IV)LongHash VenturesMapleblock CapitalPuzzle VenturesRR2 Capital+7 more

Pontoponto.orgMar 2022

Ponto is a financial infrastructure company that builds software powering its regulated subsidiary, Bridge Trust.

FintechSaaSCarlsbad, US

Joseph Marquis(Executive Officer)

Co-investorsFlori VenturesSummit Peak Ventures186 VenturesNOMO Ventures

Other

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

Cambrian NetworkCompound LabsDigital AssetElement FinanceFoundation DevicesSolana LabsUpshot Technologies

Exits · 5

1 IPOs · 4 acquisitions · showing 3

0x Labs Decentralized P2P tradingcrypto exchanges: ZRXEnsoacq. by SnykLessonlyacq. by Seismic

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Polychain Capital made?
Polychain Capital has 85 tracked investments, 5 of which have exited, including 19 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, Blockchain Capital, among 36 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 · 88

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
Hack VC

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

$3M
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 focused on Web3, backing founders building blockchain infrastructure, middleware, security, and social/consumer applications.

$10K – $100K
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
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
Sequoia Capital

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

$4.4M – $214M
Bain Capital Crypto

Bain Capital Crypto is an investment firm focused on the crypto and blockchain sector, publishing cryptography and privacy research alongside its investments in crypto infrastructure companies.

Both backed · 3
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.

Both backed · 2
$100K – $10M
Slow Ventures

Slow Ventures is a generalist early-stage venture capital firm founded in 2011, with offices in San Francisco, Boston, and New York, investing in the earliest rounds of companies across many sectors.

$50K – $1M
Amino Capital

AMINO Capital is a global venture capital firm based in Palo Alto that invests around the theme of data moat and network effects, focusing on big data, machine learning, and exceptional products.

Both backed · 2
$100K – $10M
Blockchange Ventures

Blockchange Ventures is an early-stage fund investing in blockchain companies, backing founders building large blockchain-focused businesses.

Both backed · 2
76 more co-investors

gumi Cryptos Capital (gCC)Founders FundLightspeed Venture PartnersBain Capital VenturesKleiner PerkinsLux CapitalAbstract VenturesParadigmDigital Currency GroupDivergenceGriffin Gaming PartnersQuantstampGeneral CatalystGV (Google Ventures)AccelNew Enterprise Associates (NEA)Founder CollectiveNotable CapitalBenchmarkFelicis VenturesFJ LabsFirst Round CapitalFoundation CapitalKrakenNorwest Venture PartnersDST GlobalGreat Oaks Venture CapitalStreamlined VenturesQuiet CapitalSusa VenturesFundersClubHCVCBling CapitalAME Cloud VenturesUpHonest CapitalC2 InvestmentsInnovation EndeavorsForerunner VenturesMadrona Venture GroupSoftBank Vision FundSouth Park CommonsBullpen CapitalGoodwater CapitalWingUncorrelated VenturesShasta VenturesWinklevoss CapitalBetaworks Ventures Management, Llc7percent VenturesSaga VenturesTenaya CapitalRenegade PartnersDraper Fisher Jurvetson (DFJ)Dreamers VCDnx VenturesAnorak VenturesCoelius CapitalBlackbird VenturesLocus VenturesRecursive VenturesOyster VenturesHelium-3 VenturesHighbury HoldingsArtis VenturesJigsaw VCPrimitive VenturesCherubic VenturesMiramar Venture PartnersPillar VCMysten LabsPage One VenturesNew Form CapitalWorld Innovation Lab (WiL)FirstMile VenturesIDEO CoLab VenturesSCOR Ventures

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

Similar investors

Featured in lists