Polychain Capital is a venture capital firm and hedge fund from San Francisco (CA) that specializes in investing in blockchain-based companies and provides outstanding returns to investors. The most prominent investments of Polychain Capital are Coinbase, CoinList, Compound, MyCrypto, Solana and others.
Polychain Capital Overview
Polychain Capital - About
Polychain Capital (PC) is a venture capital firm based in San Francisco (CA) that was founded by Olaf Carlson-Wee, who had been the first employee of Coinbase. Polychain manages digital assets and invests in blockchain-related companies and technologies. The fund was launched in 2016 with $5 million capital raised from thirty investors. Coinbase led Serie A, and a top-rated Andreessen and Horowitz (a16z) led Series B.
In 2017, Polychain gained its investors about 2,303% ROI after fees, which was one of the highest returns rates ever seen among billion-dollar investment firms.
A bit later, in 2018, PC already had volumes of more than a billion dollars under management, which was the first time when such a significant milestone was reached by a cryptocurrency-oriented fund.
A quite aggressive, but very well-thought-out and deeply competent strategy makes the fund a truly outstanding player and one of the main sharks within tech and web3 industries. Some of the prominent projects, that Polychain Capital made investments in are Coinbase, Cosmos Network, Uniswap, CoinList, Compound, MyCrypto, and Solana.
Here is the current balance of interests in Polychain`s portfolio.
Total number of investments: 170
- DeFi: 30.7%
- Blockchain Service: 25.8%
- Blockchain Infrastructure: 21.5%
- CeFi: 9.2%
- Social: 6.1%
- NFT: 2.5%
- GameFi: 1.8%
- Stablecoin: 1.2%
- Currency: 0.6%
- Other: 0.6%
Polychain Capital - Industries
Polychain Capital - Portfolio Performance
Polychain Capital – Investment Rounds
| Project | Score | Round | Date | Round price | FDV | Status | Industry |
|---|---|---|---|---|---|---|---|
 Celestia | 82 | Private | 19 Oct, 22 | $0.0955 | $1B | Past | |
| Celestia | 82 | Private | 19 Oct, 22 | $1 | $1B | Past | |
 Starknet | 88 | Seed | 09 May, 18 | N/A | N/A | Past | |
 EigenCloud (prev. EigenLayer) | 93 | Private | 28 Mar, 23 | N/A | N/A | Past | |
| EigenCloud (prev. EigenLayer) | 93 | Seed | 06 Dec, 23 | N/A | N/A | Past |
Polychain Capital – Portfolio
| Score | Project | Current Price | Chg (24h) | Retail ROI | Retail ATH ROI | Industry |
|---|---|---|---|---|---|---|
82 | Celestia | $0.427 | 2.46% | 0.427x | 20.85x | |
88 | Starknet | $0.0416 | 2.25% | N/A | N/A | |
93 | EigenCloud (prev. EigenLayer) | $0.245 | 0.98% | N/A | N/A | |
78 |  Polyhedra Network | $0.00641 | 0.40% | 0.00641x | 4.01x | |
91 |  Scroll Network | $0.0288 | 19.98% | 0.0176x | 0.872x |
Polychain Capital – Co-investors
| Fund | Score | Type | Project Support | Social Influence | Retail ROI | Co-investments | Total Investment |
|---|---|---|---|---|---|---|---|
 dao5 | Medium | DAO | Medium | Low | 0.526x | 14 | 29 |
 YZi Labs (Prev. Binance Labs) | Very High | Incubation | Very High | Medium | 1.22x | 11 | 65 |
 Coinbase Ventures | Very High | Exchange | High | High | 1.52x | 10 | 85 |
 Nomad Capital | N/A | Venture | N/A | N/A | 0.531x | 9 | 19 |
 Hack VC | N/A | Venture | N/A | N/A | 2.94x | 8 | 37 |
