Polygon Labs
Investment Details
Investor Type
Venture Capital
Asset Class Focus
Crypto, Venture Capital
Stage Focus
Seed, Early Stage, Series A, Series B, Growth, Late Stage, Pre-IPO
Geographical Focus
United States, United Kingdom, Canada, Hong Kong, Singapore, India, United Arab Emirates, Spain, South Korea, Nigeria, Lithuania, British Virgin Islands
Industries Focus
- Technology
- Infrastructure
- Finance
- Software
- Cryptocurrency
- Artificial Intelligence
- Blockchain
- Gaming
- DeFi
- Machine Learning
- Cloud Computing
- Enterprise Software
- Data Infrastructure
- Security
- NFTs
Investment Size:
1,000,000 to 100,000,000 USD
Investor Details Founded: 2017
Polygon Labs is a blockchain scalability platform that aims to create a multi-chain blockchain system compatible with Ethereum. The company focuses on providing solutions for faster and more cost-effective transactions, addressing scalability issues inherent in the Ethereum network. Polygon Labs operates as a Layer-2 network, utilizing Ethereum as a base network and offering various decentralized applications such as DeFi, DAOs, and NFTs.
The firm employs a proof-of-stake consensus mechanism for processing transactions on-chain, enhancing the efficiency and security of blockchain operations. Polygon Labs' native token, POL, is an ERC-20 token that ensures compatibility with other Ethereum-based cryptocurrencies. The company has expanded its capabilities through strategic mergers, including the acquisition of Hermez Network, a zk-rollup platform, in August 2021.
Polygon Labs has attracted significant investment, raising $450 million in a venture financing round in February 2022. The firm has also committed to a carbon-negative roadmap, reflecting its dedication to sustainability. In October 2022, Polygon Labs launched the zkEVM Testnet, the first ZK scaling solution fully equivalent to Ethereum's Virtual Machine, marking a significant advancement in blockchain scalability and interoperability.
Requirements
- Innovative blockchain projects
- Scalable solutions
- Strong development teams
- Potential for mass adoption
- Sustainable business models
- Alignment with Ethereum ecosystem
- Focus on decentralized applications
- Commitment to security and compliance
- Clear tokenomics
- Active community engagement
- Demonstrable use cases
- Strategic partnerships
- Global market potential
- Technological differentiation
- Regulatory compliance
Contact
[Official Website Hidden]
[LinkedIn Profile Hidden]
[HQ Location Hidden]
[Email Hidden]
Portfolio Companies
- Aave
- Uniswap
- SushiSwap
- Curve Finance
- Decentraland
- Sandbox
- OpenSea
- Audius
- Polygon Studios
- QuickSwap
- Balancer
- 1inch
- Matic Network
- Hermez Network
- Mir Protocol
- ZKSwap
- Dfyn Network
- Polygon Hermez
- Polygon Miden
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