Top Qs
Timeline
Chat
Perspective
Polychain Capital
American investment firm From Wikipedia, the free encyclopedia
Remove ads
Polychain Capital (Polychain) is an American investment firm based in San Francisco, California.[4] The firm focuses on investments related to cryptocurrency and blockchain technology.[1][2]
Remove ads
Background
Polychain Capital was founded in 2016 by Olaf Carlson-Wee.[1][2][3][5][6] Prior to founding Polychain, Carlson-Wee was an employee of Coinbase where he was Head of Risk.[1][2][5]
Investors of Polychain include Andreessen Horowitz, Sequoia Capital, Union Square Ventures and Founders Fund.[3][5][6][7]
In January 2018, the firm considered holding an initial public offering on the Toronto Stock Exchange to raise $325 million but eventually decided not to proceed with it.[6]
The firm claimed $1 billion assets at the start of 2018 but dropped to $591.5 million as of the end of 2018, majorly due to the drop in the value of its holdings.[8][9]
In May 2024, Polychain made large payouts to Investors from two of its venture capital funds. [10]
Companies that Polychain Capital has invested in include Coinbase, Kik Messenger[11] and Tezos.[12]
Remove ads
See also
References
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads