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soonicorn
Blockchain-based platform for application development
2017•George Town (Cayman Islands)•Series D
Last updated:
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Polygon Key Metrics
Total Funding
$451M
in 4 rounds
Latest Funding Round
$450M
Series D, Feb 02, 2022
Post Money Valuation
$20B
as on Feb 10, 2022
Investors
Coinbase
& 61 more
Ranked
1st
among 51 active competitors
Employee Count
20
as on Jun 30, 2022
Investment & Acquisitions
Ethereum
& 99 more
Similar Companies
Onmeta
& 20 more
Polygon - About the company
What does Polygon do?
Blockchain-based platform for application development. It offers polygon, protocol, and a framework for building and connecting Ethereum-compatible blockchain networks. It combines the Ethereum and sovereign blockchains into a multi-chain system enabling scaling of the Ethereum blockchain.
Which sectors and market segments does Polygon operate in?
- Polygon serves in the B2B space in the High Tech, Blockchain Technology market segments.
- The primary business model of Polygon are:High Tech > Blockchain Infrastructure > ***** **** > ***** ******Blockchain Technology > Blockchain Infrastructure > ***** **** > ***** ******
Company Details
- Website: polygon.technology
- Social:
- Part Of: yolorekt.finance
Which legal entities is Polygon associated with?
Polygon
is associated with
2
legal entit
ies
given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
MATIC-NETWORK INDIA LLP | Jun 04, 2018 | - | - | 480 |
Matic Network (BVI) Ltd. | - | - | 430 |
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Polygon's funding and investors
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How much funding has Polygon raised till date?
Polygon has raised a total funding of $451M over 4 rounds. Its first funding round was on May 02, 2021.
What are the most recent funding rounds of Polygon?
Its latest funding round was a Series D round on Feb 02, 2022 for $450M. 20 investors participated in its latest round, lead by Peak XV Partners.
List of recent funding rounds of Polygon
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Feb 02, 2022 | $450M | Series D | 8140306 | 3501162 | Peak XV Partners, Tiger Global Management, and 18 more |
Jan 01, 2022 | $750K | Series C | 3256642 | 3190004 | - |
May 25, 2021 | Undisclosed | Angel | 1463566 | 6473091 | Mark Cuban |
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What is the current valuation of Polygon?
Polygon
is valued at
$20B
as per the latest available filings.
Who are Polygon's investors?
Polygon has 59 institutional investors including Coinbase, Peak XV Partners and Lightspeed Venture Partners. Mark Cuban and 2 others are Angel Investors in Polygon.
View details of
Polygon funding rounds and investorsPolygon's founders and board of directors
Founder? Claim ProfileWho are the founders of Polygon?
The founders of
Polygon
are
David Z, Antoni Martin, Anurag Arjun, Bobbin Threadbare, Brendan Farmer, Daniel Lubarov, Jaynti Kanani, Jordi Baylina, Mihailo Bjelic and Sandeep Nailwal.
Sandeep Nailwal
has founded
2
more compan
ies
-
Scopeweaver and Beacon.
How many employees does Polygon have?
Polygon has 20 employees as of Jun 22. The total employee count is 70.6% lower than what it was in Jun 21.
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View details of
Polygon's Founder profiles and Board MembersPolygon's Competitors and alternates
Who are the competitors of Polygon?
Top competitor
s
of
Polygon
include
Immutable, Tari and Arianee.
Polygon
ranks
1
st
among
51 active competitors.
16 of its competitors are funded
Overall,
Polygon
and its competitors have raised over
$1.41B
in funding across
29
funding rounds involving
182
investors.
There is 1 private Unicorn in the entire competition set.
Below is a comparison of top competitors of Polygon
Polygon | Immutable | Tari | Arianee | |
|---|---|---|---|---|
Description | Blockchain-based platform for application development | Blockchain-based infrastructure for NFT games and applications | Blockchain protocol for digital assets built on Monero | Provider of a decentralized platform to manage digital ownership of fashion products |
Founded Year | 2017 | 2018 | 2017 | 2018 |
Location | George Town (Cayman Islands) | Surry Hills (Australia) | Oakland (United States) | Paris (France) |
Company Stage | Series D | Series D | Seed | Series A |
Unicorn Rating | Soonicorn | Unicorn | - | Minicorn |
Total Funding | $451M | $857M | - | $30.6M |
Funding Rounds | 4 | 6 | 1 | 2 |
Latest Round | Series D, $450M, Feb 02, 2022 | Series D, $500M, Jun 17, 2022 | Seed, Undisclosed | Series A, $21.1M, May 10, 2022 |
Investor Count | 62 | 47 | 22 | 13 |
Top Investors | Lightspeed Venture Partners, SoftBank Group& 60others | Temasek, Tencent& 45others | Canaan, Trinity Ventures& 20others | Bpifrance, Tiger Global Management& 11others |
Tracxn ScoreWhat is this? | 69/100 | 64/100 | 55/100 | 50/100 |
Overall Rank | 1st | 2nd | 3rd | 4th |
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Looking for more details on
Polygon
's competitors? Click
here to see the top ones
Polygon's Investments and acquisitions
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Polygon
has made 97 investments in companies including
Ethereum and Pentagon Games.
Polygon
has also
acquired 3 companies including
ToposWare and Mir.
Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Aug 20, 2024 | Investments |
Ethereum | 2013 | Toronto, Canada |
Aug 14, 2024 | Investments |
Pentagon Games | 2024 | Singapore, Singapore |
Aug 08, 2024 | Investments |
Quantlytica | 2023 | Helsinki, Finland |
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See all
investments and acquisitions
by
Polygon
Reports related to Polygon
Here is the latest report on Polygon's sector:
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all reports related to PolygonNews related to Polygon
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Media has covered
Polygon
for a total of 113 events in the last 1 year
,
58
of them have been
about
company updates and 21
about
partnerships.
•
Gaming tokensal health care platform UNIVERSAL Health Token completed $ 1.2 million Pre-SEED round financing, Animoca Brands, etc.PANews•Sep 15, 2024•Animoca Brands, universalhealthtoken.xyz,
Polygon
, Tezos and 1 other
•
Polygon invests $5M in ‘VPU’ chips that could lower zero-knowledge proof costsbitcoinethereumnews.com•Sep 10, 2024•Polygon
•
Polygon Includes Delivery Bikes in DOOH NetworkMedia Update•Sep 09, 2024•Polygon
, Swift Media
•
Solutions for Improving the User Experience in Cross-chain operations.smartliquidity.info•Sep 06, 2024•Polygon
•
Humanity Protocol raises $30M to rival Worldcoinroyalsblue.com•Sep 06, 2024•Humanity Protocol, Kingsway Capital,
Polygon
, Animoca Brands and 2 others
•
Polygon on-chain Activity Spikes Despite Dip, Hot New Crypto Presale Nears 12K Registrations and $3M RaisedShareandstocks•Sep 03, 2024•Polygon
•
Fabric, a cryptographic "VPU" chip developer, completes $33 million Series A funding round led by Blockchain Capital and 1kxPANews•Aug 19, 2024•Fabric, Blockchain Capital, Offchain Labs, 1kx and 2 others
•
Polygon Announces Details on MATIC Transition to POL TokensCoinspeaker•Aug 19, 2024•Polygon
•
Pentagon Games Secures $6M in Seed FundingFinSMEs•Aug 14, 2024•Pentagon, Animoca Brands, Binance Labs, NFX and 5 others
•
AI liquidity distribution protocol Quantlytica completes €1 million financing, with Web3Port Foundation participatingPANews•Aug 08, 2024•Quantlytica, Web3Port Foundation,
Polygon
, Eureka Partners and 3 others
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Frequently asked questions about Polygon
When was Polygon founded?
Polygon was founded in 2017.
Where is Polygon located?
Polygon
is located in
George Town,
Cayman Islands.
Is Polygon a funded company?
Polygon is a funded company, its first funding round was on May 02, 2021.
When was the latest funding round of Polygon?
Polygon's latest funding round was on Feb 02, 2022.
How much is Polygon worth?
The latest valuation of Polygon is $20B as on Feb 10, 2022.
Is Polygon a Blockchain Infrastructure company?
The primary sector of Polygon is Blockchain Infrastructure.
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