Polychain Capital is an American Venture capital firm that manages a Crypto Hedge fund that invests in Blockchain technology and early token sales^[1][2].

About

The firm was started in 2016 by Olaf Carlson-Wee the first employee at venture capital-backed Coinbase. The fund started as a way to reinvent investment strategies for token sales. Polychain only invests in early token sales that pertain to an actual business, and not Initial coin offerings of tokens without interaction of a product or business^[3].

Investments

Polychain looks for tokens that incentivize the core actions of a protocol and/or excel in developing novel mechanisms for smart contracts. The first investments by Polychain Capital that went public were Tezos and MakerDAO. The fund has also invested in Ethereum^[4].

Some of the projects that interest Polychain are the emerging IPFS ecosystem , Tezos, RChain, PolkaDot, Difinity and Cosmos. They aren't however, looking to invest in any crypto apps. Polychain is looking towards the future and betting on the projects that will best be able to power off web 3.0.

Funding

Polychain Capital never did an Initial Coin Offering, but they have received more than $200 mill in assets from several traditional VC firms. Many of the firms are from Silicon Valley which include: Andreessen Horowitz, Abstract Ventures, Founders Fund, Sequoia Capital, and Union Square Ventures^[5].