Polygon

investment firm

About

Polygon is a platform for Ethereum scaling and infrastructure development.

Details

Last Funding Type
Series Unknown
Last Funding Money Raised
$450M
Industries
Blockchain,Ethereum,Information Technology,Infrastructure
Founded date
Jan 1, 2017
Operating Status
Active
Also Known As
Matic Network

Polygon is a platform for Ethereum scaling and infrastructure development and web3. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7,000+ applications hosted, 1B+ total transactions processed, ~130M+ unique user addresses, and $5B+ in assets secured.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
8
$451.45M
Polygon has raised a total of $451.45M in funding over 2 rounds. Their latest funding was raised on Jul 13, 2022 from a Non-Equity Assistant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jul 13, 2022 Non-Equity Assistant 1 Disney Accelerator Detail
Feb 7, 2022 Series Unknown $450M 40 Sequoia Capital India Detail
May 26, 2021 Seed 1 Mark Cuban Detail
Dec 20, 2020 Series A $1M 1 Detail
Jul 1, 2020 Secondary Market 1 Detail

Investments

Number of Investments
Number of Lead Investments
38
5
Polygon has made 38 investments. Their most recent investment was on Dec 19, 2022, when Revel.xyz raised $7.80M.
Date Company Name
Round Money Raised Industry Lead Investor
Dec 19, 2022 Revel.xyz
Seed $7.80M Blockchain
Nov 17, 2022 Heroic Story
Seed $6M Cryptocurrency
Nov 3, 2022 WalletConnect
Series Unknown $12.50M Cryptocurrency
Oct 20, 2022 Spindl
Seed $7M Advertising
Oct 20, 2022 Airstack
Pre-seed $3.80M Blockchain

Employee Profiles

Number of Employee Profiles
6
Polygon has 6 current employee profiles, including Employee John Lilic
Employee
Executive
Executive
Executive
Executive

Exits

Polygon has had 1 exits. Polygon most notable exits include double jump.tokyo

Date Company Name Exit Type Industry
May 7, 2018 double jump.tokyo M&A Blockchain Detail

Acquisition

Polygon has acquired 3 organizations. Their most recent acquisition was Hermes Network on Aug 14, 2021. They acquired Hermes Network for $250M.

Date Company Name
Industry Acquisition Type Price
Aug 14, 2021 Hermes Network
Banking acquisition $ 250M Detail
Dec 9, 2021 Mir Protocol
Blockchain acquisition $ 400M Detail
Consulting acquisition Detail