Polychain Capital
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | 2016; 9 years ago (2016)[1] [2] [3] |
| Founder | Olaf Carlson-Wee |
| Headquarters | San Francisco, California, U.S.[4] |
| Products | Hedge Funds Venture Capital |
| AUM | US$5 billion (2024)[4] |
Number of employees | 32 (2024)[4] |
| Website | Official website |
Polychain Capital (Polychain) is an American investment firm based in San Francisco, California.[4] The firm focuses on investments related to cryptocurrency and blockchain technology.[1] [2]
Background
[edit ]Polychain Capital was founded in 2016 by Olaf Carlson-Wee.[1] [2] [3] [5] [6] Prior to founding Polychain, Carlson-Wee was an employee of Coinbase where he was Head of Risk.[1] [2] [5]
Investors of Polychain include Andreessen Horowitz, Sequoia Capital, Union Square Ventures and Founders Fund.[3] [5] [6] [7]
In January 2018, the firm considered holding an initial public offering on the Toronto Stock Exchange to raise 325ドル million but eventually decided not to proceed with it.[6]
The firm claimed 1ドル billion assets at the start of 2018 but dropped to 591ドル.5 million as of the end of 2018, majorly due to the drop in the value of its holdings.[8] [9]
In May 2024, Polychain made large payouts to Investors from two of its venture capital funds. [10]
Companies that Polychain Capital has invested in include Coinbase, Kik Messenger [11] and Tezos.[12]
See also
[edit ]References
[edit ]- ^ a b c d "Bitcoin Will Never Be a Currency—It's Something Way Weirder". Wired.
- ^ a b c d Chernova, Yuliya (December 9, 2016). "Polychain's Blockchain Hedge Fund Gets Backed by Andreessen, USV". Wall Street Journal.
- ^ a b c Copeland, Rob (September 11, 2018). "Olaf Carlson-Wee Rode the Bitcoin Boom to Silicon Valley Riches. Can He Survive the Crash?". Wall Street Journal.
- ^ a b c d "Form ADV" (PDF). SEC.
- ^ a b c Chernova, Yuliya. "Polychain's Blockchain Hedge Fund Gets Backed by Andreessen, USV". WSJ. Retrieved December 26, 2022.
- ^ a b c "Crypto Hedge Fund Polychain Says It Won't Proceed With IPO". Bloomberg.com. January 29, 2018. Retrieved May 15, 2021.
- ^ "Has Crypto's Crown Prince Finally Grown Up?". Fortune. Retrieved May 15, 2021.
- ^ Chernova, Yuliya (April 12, 2019). "Crypto Fund Polychain's Assets Drop 40% From 1ドル Billion Mark". Wall Street Journal. ISSN 0099-9660 . Retrieved September 1, 2021.
- ^ "Polychain Becomes First 1ドル Billion Crypto Fund: What Happens Now? | Fortune". July 1, 2018. Archived from the original on July 1, 2018. Retrieved December 26, 2022.
- ^ Weeks, Ryan (May 10, 2024). "Crypto VC Firm Polychain Makes Payouts to Investors in Two Funds". Bloomberg News. Retrieved January 14, 2025.
- ^ "Kik raises 50ドル million ahead of token sale for its cryptocurrency Kin". VentureBeat. August 29, 2017. Retrieved September 1, 2021.
- ^ Vigna, Paul (February 1, 2018). "Bitcoin Brawl: A New Twist In Tezos's 232ドル Million Coin Offering". Wall Street Journal. ISSN 0099-9660 . Retrieved September 1, 2021.
