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Overview about Polychain Capital’s Portfolio

What is Polychain Capital?

Polychain Capital is one of the leading investment funds in the Crypto space, founded by crypto investor Olaf Carlson-Wee in 2016 and headquartered in San Francisco. Polychain Capital received support from famous venture capital funds such as Andreessen Horowitz (A16Z), Sequoia Capital or Pantera Capital and more than 30 other investors when it was founded.

In June 2018, Polychain Capital announced the value of assets under management reached 1 billion USD, becoming the first billion USD Crypto investment fund in the world, however this number decreased to 591.5 million USD at the end of 2018 due to market fluctuations. The SEC filings show that as of June 2021, the company managed an investment of approximately $2 billion. The shares of Polychain Capital are owned by many other investment funds, including Sequoia Capital, Union Square Ventures and Founders Fund.

The Fund prioritizes investing in seed-stage, early-stage, growth-stage companies and projects focusing on the following areas: information technology, financial services, cryptocurrencies, Blockchain and technology Fintech, aiming to drive the adoption of cryptocurrencies globally.

Polychain Capital Team

Some key and prominent members of Polychain Capital can be mentioned as:

  • Olaf Carlson-Wee (Founder & CEO): he is a young American businessman with most of his experience in the Crypto market. Prior to founding Polychain Capital, he was one of the first Coinbase employees, serving as Head of Risk and Product Management. In 2018, he was on the Forbes 30 Under 30 list and the Fortune 40 Under 40 list.
Olaf Carlson-Wee - Founder & CEO Polychain Capital
Olaf Carlson-Wee – Founder & CEO Polychain Capital
  • Matt Perona (COO/CFO): Formerly a finance and accounting specialist with expertise in the Investment Management industry, Matt has held positions related to investment asset management such as CFO of Criterion Capital Management, Vice President of Meetinghouse LLC and Senior Associate at PwC.
  • Niraj Pant (General Partner): Before becoming General Partner of Polychain Capital, Niraj had many years of experience as a Software Engineer at Ripple, Skycatch, Lookout… He was Co-Founder and CTO of Source Networks company.

Polychain Capital’s Portfolio

Avalanche

Avalanche is an open source platform for launching decentralized financial applications and enterprise blockchain implementations in an interoperable, highly scalable ecosystem. Developers building on Avalanche can easily create robust, reliable, and secure applications and custom blockchain networks with complex rule sets, or build on private or public subnets now available.

It is the first smart contract platform that confirms transactions in less than a second, supports the entire Ethereum development kit, and allows millions of independent validators to participate as producers. Full block output.

Avalanche is capable of throughput orders with greater strength than existing blockchain networks (4,500+ transactions per second) and a much higher safety threshold than the 51% standard of other networks.

Cosmos

Cosmos Network (ATOM) is a Blockchain Platform. This is a decentralized network of parallel Blockchains, Cosmos focuses on solving Blockchain problems of scalability and usefulness.

The vision of the project is “Internet of Blockchains” to create a Blockchain ecosystem running on the Tendermint BFT consensus mechanism that makes Blockchains easy to use. Cosmos Hub is the first Blockchain to run in the Blockchain network that Cosmos Network built.

Celo

Celo is a platform that empowers anyone with a smartphone anywhere in the world to have access to financial services.

The project aims to become a decentralized platform that is not controlled by any individual, but is instead developed, upgraded and operated by a large community of individuals and organizations. and partners.

Solana

Solana is an open-source, single-chain blockchain that was born with the aim of improving the scalability of the blockchain while ensuring decentralization and security. It is also the name of a San Francisco-based company that maintains the open source project.

Without using the “sharding” solution that most popular blockchains are aiming for, Solana has her own solution that is a combination of Proof of History (PoH) and Proof of Stake (PoS). Through this combination, Solana can completely ensure security, decentralization but greatly improved scalability.

Arbitrum

Arbitrum is a system that allows participants of the Ethereum network to settle their transactions from Ethereum. It is compatible with many established applications such as Curve, MetaMask and Aave, etc. with many more in the pipeline.

Arbitrum is designed to allow developers to easily run unmodified EVM contracts and Ethereum transactions on layer 2, while still benefiting from Ethereum’s excellent layer 1 security.

Tezos

Tezos is a future-proof, secure, smart contract blockchain with a built-in consensus mechanism. By using that consensus mechanism, Tezos wants to establish a “new crypto commonwealth”.

One of the advantages of the Tezos blockchain is that it is based on a low-power algorithm. This algorithm requires less intensive computation and consumes less power while still using a reliable proof-of-state consensus algorithm.

Dfinity

Layer 1 blockchain platform, with very strong scalability and transaction speed.

Oasis Network

A privacy-enabled blockchain platform for open finance and a highly accountable data economy.

Review of Polychain Capital’s Portfolio

Polychain Capital diversified its investment portfolio when participating in many projects from the seed round. They focus on investing heavily in platform projects such as Avax, Solana, Cosmos, Dfinity, Tezos….
The most prominent in 2021 can be mentioned is the performance of Avalanche and Solana.

  • AVAX ROI grew up to 12590.22%. AVAX has an all-time low on December 31, 2020 of $2.79. But after just one year, Avax hit a new ATH of $146.22.
  • ROI SOL increased up to 41215%. SOL has the lowest price in history recorded on 11/5/2020 at $0.50. But after just over a year, SOL hit a new ATH of $260.

Summary

Polychain Capital is one of the reputable long-term venture capital funds in the market. As mentioned above, the Fund has the backing of many famous VCs. Polychain Capital promises to be a VC that helps blockchain and cryptocurrency grow stronger in the future.
Hopefully, the article following the series on investment funds has given you an overview of Polychain Capital. This article is for informational purposes only and is not investment advice. Good luck with your investment decisions.