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Company type | Private |
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Industry | Investment management |
Founded | 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 LP, doing business as 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]
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 million but eventually decided not to proceed with it. [6]
The firm claimed $1 billion assets at the start of 2018 but dropped to $591.5 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] [13]