DePIN

Social

DeFi

Blockchain

Infrastructure

GameFi

Other

Privacy

Payments

Exchange

Interoperability

Wallet

Mining and Compute

Treasury

Compliance

Launchpad

Brokerage

Analytics Platform

Prediction Markets

Polychain Capital is a San Francisco-based venture capital firm that manages a cryptocurrency hedge fund of actively managed blockchain digital assets. The firm's founder, Olaf Carlson-Wee, was the first employee at Coinbase and left the company in 2016 to found Polychain Capital. Polychain launched in September 2016 with $5 million from thirty investors. USV led Coinbase's Series A fundraising round, and Andreessen led its Series B. His fund earned investors 2,303% in 2017, after fees, which was one of the highest returns among billion-dollar investment firms in history. Following the success, Carlson-Wee drew comparisons to Wall Street traders, such as John Paulson and George Soros.Investors in Polychain capital include Sequoia Capital, Founders Fund, Andreessen Horowitz, Initialized Capital, Pantera Capital, and Union Square Ventures. In 2017, Polychain adopted a strategy that required its investors to increase their original positions by hundreds of thousands of dollars, and those who did not have such capital were forced out. According to Carlson-Wee, this action was necessary as Polychain introduced changes to accommodate larger investors, and only a small number of backers were impacted.By 2022, Carlson-Wee’s net worth had grown to an estimated $600 million among cryptocurrency investors. One of the most profitable of his early investments was a major stake in ether, the token underpinning the Ethereum blockchain whose value subsequently rose to $3,000, and which traded for less than $12 back in 2016 when Polychain made its first major investment. As of 2022, the cryptocurrency market was estimated at close to $2 trillion, and Polychain’s assets were valued at $5 billion, making for a growth of 125,000% since the company's inception. That same year, the firm had raised $750 million for its third venture fund, led by Tiger Global Management and Temasek Holdings.Polychain’s main fund takes its fees every year on unrealized capital gains, in comparison to firms holding illiquid assets that are paid upon selling investments. Carlson-Wee started with $14,502 in the fund, and in a few years turned this sum into $150 million of fees. Carlson-Wee and Polychain faced a lawsuit filed in March, 2018 by an early investor, professional poker player Harry Greenhouse. In court filings, Greenhouse claimed he asked for his money to be returned at the end of 2017 and received the price he originally paid as repayment, as opposed to its sale value. He alleged that Polychain would not disclose details regarding the valuing of his investment and suspects he was underpaid.

Polychain Capital

Polychain Capital manages a cryptocurrency hedge fund of actively managed blockchain digital assets.

Tharimmune

Canton Network

Forum Markets (prev. ETHZilla)

Solana

Coinbase

CryptoRank Premium

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

You are about to leave CryptoRank

External link warning

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Score provided by Moni Discover - reflects this account’s popularity within the crypto community.

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Payments are processed by Heleket. Use only the supported chains/tokens. CryptoRank cannot compensate for failed transactions made on an unsupported blockchain.

Advanced Tools and Ad-Free Experience for In-Depth Analysis

Payments are processed by Paddle. Use only the supported payment methods. CryptoRank cannot compensate for failed or incomplete transactions made outside of supported options.

Receive Comprehensive Analytics, Exclusive Research, and Guides

Payment confirmed

Add promocode

Select plan

Total Due:

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Share Chart Screen

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Explore the latest insights into %name%: recent investment activity, sectors and narratives the fund is investing in, funding stages, investment jurisdictions, fund's social engagement, and its latest subscriptions to crypto projects

%name% - Investment Fund Review

Polychain Capital Crypto Fund

Social Activity

Description

Fund's Current Activity

Avg. Rounds Size:

Funding Locations:

Focus Area

Recent Funding Rounds

Trending Funds

Polychain Capital News