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Polychain Capital

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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. 

Founded:
Sep 2016
CoinLaunch Score: Last update:
Very High 15 May 2023

Polychain Capital Overview

Type: Venture
Total Investment: 13
Project Support: High
Social Influence: Low
Last Investment: 12 Apr
Region of Origin: San Francisco, California, United States
Influence Geography: Western Europe, Asia, North America
Type of project assistance: Networking; Tokenomics; Financing; Asset Management; Market Making; Human Resource (Recruiting)
Website

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 - Indusries

Polychain Capital Team

Olaf Carlson-Wee
Olaf Carlson-Wee
Founder & CEO
Mitch Nedved
Mitch Nedved
CFO
Caoimh Conway
Caoimh Conway
Research Data Engineer
Camille McNeal
Camille McNeal
Investment & Research Operations
Josh Rosenthal
Josh Rosenthal
Portfolio Manager
Ben Perszyk
Ben Perszyk
Partner

Polychain Capital News

Polychain Capital – Investments

Project Score Date Price Status Industry
Celestia LogoCelestia
82
$0.0955Past
Celestia LogoCelestia
82
$1Past
Starknet logoStarknet
88
N/APast
Eigenlayer logoEigenLayer
93
N/AActive
Eigenlayer logoEigenLayer
93
N/AActive

Polychain Capital – Co-investors

Fund Score Type Project Support Social Influence Co-investments
Coinbase Ventures logoCoinbase VenturesVery HighExchangeVery HighVery High
3
paradigm logoParadigmHighVentureVery HighVery High
2
binance labs logoBinance LabsVery HighIncubationVery HighVery High
2
Hashkey Capital logoHashKey CapitalHighVentureHighMedium
2
Blockchain CapitalBlockchain CapitalHighVentureHighHigh
2
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