Polychain Capital portfolio breakdown
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Outline
Polychain Capital is an American investment firm based in San Francisco, California. The firm focuses on investments related to cryptocurrency and blockchain technology. The position of the Founder & CEO is occupied by Olaf Carlson-Wee. Its headquarters is located at San Francisco, California, USA. In this blog post we will go over some recent news about Polychain Capital, some investments the company has made, and what companies pouring funds into the firm.
Recent news about Polychain Capital
- Polychain Capital Leads $22M Investment in NFT Appraisal Protocol Upshot
Upshot, a protocol that provides non-fungible token (NFT) appraisals, has raised $22 million in a Series A2 funding round led by Polychain Capital.
- Common Raises $20M to Build DAO Management Platform, Launch Token
The DeFi-focused startup Common has raised $20 million in its latest funding round, with Spark Capital, Polychain, Jump, Wintermute, Mirana Ventures (BitDAO’s venture arm), and others participating.
Common’s new funds will go toward the further development and decentralization of its platform, also known as Commonwealth, which aims to become the ultimate community management platform for DAOs.
Investments
Polychain has made 146 investments. Their most recent investment was on May 25, 2022, when Commonwealth Labsraised $20M.
- How many investments has this organization made over time?
- Which industries has this organization most actively invested in?
Polychain Capital has invested into several organizations here are their top three investments by money raised (some aren’t Polychain’s lead investments).
- Crusoe Energy Systems
Crusoe Energy Systems Inc. closed a US$ 350 million Series C equity offering. In addition to equity capital, Crusoe has closed credit facilities expandable up to US$ 155 million with SVB Capital, Sparkfund, and Generate Capital to provide additional debt capital for energy systems related to flare mitigation.
Crusoe is on a mission to help the oil industry reduce routine flaring of natural gas. They are passionate about creating solutions that benefit the environment, local communities, and energy producers.
Crusoe Energy Systems provides oil and gas companies with a fast, low cost and simple solution to natural gas flaring. As the energy industry struggles with pipeline constraints and increasing regulations around flaring and combusting, Crusoe is here to help. Their service lets operators preserve or regain regulatory compliance, maintain existing production and facilitate future development.
- Coinbase
The company announced the $300 million investment in a blog post, which said the financing is being led by New York-based Tiger Global, and will be used to accelerate global expansion and the offering of more cryptocurrencies.
Coinbase is an online platform that allows merchants, consumers, and traders to transact with digital currency. It allows its users to create their own bitcoin wallets and start buying or selling bitcoins by connecting with their bank accounts. Also, it provides a series of merchant payment processing systems and tools that support many highly-trafficked websites on the internet.
- Polkadot
Polkadot is a protocol that connects blockchains — allowing value and data to be sent across previously incompatible networks (Bitcoin and Ethereum, for example). It’s also designed to be fast and scalable. The DOT token is used for staking and governance; it can be bought or sold on Coinbase and other exchanges.
Diversity Investments
Polychain has made 4 diversity investments. Their most recent diversity investment was on Mar 7, 2022, when Space Runners raised $10M.
- How many diversity investments has this organization made over time?
- Which diversity types has this organization most actively invested in?
Exits
Polychain has had 7 exits. Polychain’s most notable exits include Coinbase, Compound, and Altonomy.
- Which industries has this organization had the most exits in?
Conclusion
we went over some recent news about Polychain Capital, some investments the company has made, and what companies pouring funds into the firm. Polychain Capital is an American investment firm based in San Francisco, California. The firm focuses on investments related to cryptocurrency and blockchain technology.
