Polygon
About
Polygon is a platform for Ethereum scaling and infrastructure development.
- Bengaluru,Karnataka,India
- https://polygon.technology
Details
- Last Funding Type
- Series Unknown
- Last Funding Money Raised
- $450M
- Industries
- Blockchain,Ethereum,Information Technology,Infrastructure
- Founded date
- Jan 1, 2017
- Operating Status
- Active
- Also Known As
- Matic Network
Polygon is a platform for Ethereum scaling and infrastructure development and web3. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7,000+ applications hosted, 1B+ total transactions processed, ~130M+ unique user addresses, and $5B+ in assets secured.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jul 13, 2022 | Non-Equity Assistant | — | 1 |
Disney Accelerator
|
— | Detail |
| Feb 7, 2022 | Series Unknown | $450M | 40 |
Sequoia Capital India
|
— | Detail |
| May 26, 2021 | Seed | — | 1 |
Mark Cuban
|
— | Detail |
| Dec 20, 2020 | Series A | $1M | 1 | — | — | Detail |
| Jul 1, 2020 | Secondary Market | — | 1 | — | — | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Dec 19, 2022
Revel.xyz
|
Seed | $7.80M | Blockchain | — |
|
Nov 17, 2022
Heroic Story
|
Seed | $6M | Cryptocurrency | — |
|
Nov 3, 2022
WalletConnect
|
Series Unknown | $12.50M | Cryptocurrency | — |
|
Oct 20, 2022
Spindl
|
Seed | $7M | Advertising | — |
|
Oct 20, 2022
Airstack
|
Pre-seed | $3.80M | Blockchain | — |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Disney Accelerator
|
Yes | Non-Equity Assistant |
|
Sequoia Capital India
|
Yes | Series Unknown |
|
Mark Cuban
|
Yes | Seed |
Coinbase Ventures
|
Yes | Seed |
Animoca Brands
|
— | Series Unknown |
Celsius Network
|
— | Series Unknown |
Digital Currency Group
|
— | Series Unknown |
Standard Crypto
|
— | Series Unknown |
Alameda Research
|
— | Series Unknown |
Accel
|
— | Series Unknown |
Employee Profiles
Exits
Polygon has had 1 exits. Polygon most notable exits include double jump.tokyo
| Date | Company Name | Exit Type | Industry | |
|---|---|---|---|---|
| May 7, 2018 | double jump.tokyo | M&A | Blockchain | Detail |
Acquisition
Polygon has acquired 3 organizations. Their most recent acquisition was Hermes Network on Aug 14, 2021. They acquired Hermes Network for $250M.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Aug 14, 2021
Hermes Network
|
Banking | acquisition | $ 250M | Detail |
|
Dec 9, 2021
Mir Protocol
|
Blockchain | acquisition | $ 400M | Detail |
|
Nov 17, 2022
All Consulting Service
|
Consulting | acquisition | — | Detail |
