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Raises
Polychain Capital
Total Investments170
DeFi41
Infrastructure23
L118
AI12
L29
CeFi5
Liquid Restaking Protocol3
Centralized Exchange3
Zero Knowledge Industry3
DEX3
Analytics3
Trading2
DePIN2
Game2
Liquid Staking Protocol2
NFT2
Digital Identity2
Smart contract security2
Stablecoin Infrastructure1
MEV1
Stablecoin1
Mining1
Gaming1
Web31
RWA1
Privacy Infrastructure1
Social Platform1
Insurance1
| Name | Round | Category | Description | Lead Investor | Chains | Other Investors | |||
|---|---|---|---|---|---|---|---|---|---|
| Yellow Card | Aug 4, 2026 | $40m | Strategic | Stablecoin Infrastructure | Yellow Card is a stablecoin infrastructure provider offering payment, treasury, custody, fiat settlement, and USD account infrastructure for businesses across emerging markets | SC Ventures, Sony Innovation Fund, Polychain Capital, Blockchain Capital | |||
| Cambrian Network | Jun 24, 2026 | $11.9m | Seed | AI | Cambrian Network provides AI agents with real-time financial intelligence by turning onchain and offchain market data into structured, verifiable data feeds | Polychain Capital, Franklin Templeton | a16z crypto, Blockchain Builders Fund, Selini Capital, GSR, Alumni Ventures, Daedalus, Nomad Capital, Flow Traders, Paper Ventures, Proxima, Google Cloud | ||
| Nava Labs | Apr 14, 2026 | $8.3m | Seed | AI | Nava is a middleware verification layer for AI agent transactions that ensures on-chain actions match intended instructions before execution. It uses arbiter-based validation, escrow, and a coordination layer to improve safety, correctness, and reliability for autonomous DeFi operations | Polychain Capital, Archetype, Hack VC, FalconX, Seed Club Ventures, Blocksec | |||
| VeryAI | Mar 12, 2026 | $10m | Seed | AI | Building the first-ever Proof of Reality. Verify human ownership of AI agents | Polychain Capital | Anagram, Berggruen Holdings | ||
| DAWN | Dec 18, 2025 | $13m | Series B | DePIN | DAWN is a decentralized wireless internet provider built on Solana that delivers broadband access through a user-operated network. Participants contribute bandwidth and earn rewards, enabling cost-effective internet coverage in underserved and remote areas. | Polychain Capital | Archetype | ||
| ETHGAS | Dec 17, 2025 | $12m | Seed | DeFi | ETHGas is a marketplace for trading Ethereum blockspace commitments and base fee exposure. It uses a centralized order book for matching while securing collateral and validator commitments through non-custodial smart contracts, combining efficient execution with on-chain settlement and risk management | Polychain Capital | BlueYard Capital, Stake Capital, SIG DT Investments, KeyRock, Node Capital, TokkaLabs, Amber Group, BTCS Inc. | ||
| Cascade | Dec 9, 2025 | $15m | CeFi | Cascade is a neo-brokerage platform offering 24/7 access to perpetual markets for crypto, U.S. equities, and private assets through a unified margin account. It supports both fiat and stablecoin funding to combine traditional and digital asset markets in a single interface | Polychain Capital, Variant Fund, Coinbase Ventures, Archetype | ||||
| Seismic | Nov 12, 2025 | $10m | Privacy Infrastructure | Seismic is an encrypted blockchain platform that uses secure hardware to provide encrypted global state, memory access, and data flow. This design enables developers to build privacy-focused decentralized applications—including exchanges, lending protocols, auctions, stablecoins, and launchpads—by restructuring the blockchain stack around secure enclaves for stronger confidentiality and data protection | a16z crypto | Polychain Capital, Amber Group, TrueBridge, Dao5, LayerZero | |||
| Grass | Oct 7, 2025 | $10m | AI | Grass is a decentralized data layer for AI, powered by a Sovereign Data Rollup. Over 2 million users contribute unused internet bandwidth through Grass nodes, helping AI developers access structured web data. The rollup—made of nodes, routers, validators, and a ZK processor—transforms raw web data into usable datasets, giving everyday users a stake in AI’s growth and preventing centralized control | Polychain Capital, Tribe Capital | ||||
| Aria Protocol | Sep 3, 2025 | $15m | Seed | RWA | Founded in 2025, Aria is the first protocol to bring iconic real-world IP—starting with music—onchain as liquid, revenue-generating tradable tokens. Built on Story, Aria transforms cultural assets into IP Real-World Assets (IPRWAs). Retail investors access income-producing IP through Aria. Early offerings include partial rights to works performed by Justin Bieber, Miley Cyrus, and BLACKPINK. Aria enables investors to access IP rights and earn real-world revenue from avenues such as streaming. Looking ahead, Aria will include programmable IP and power a permissioned remix economy, where smart contracts govern how IP is licensed, monetized, and remixed—laying the financial rails for the next era of the IP economy. | Polychain Capital, Story Protocol, Neoclassic | |||
| M0 | Aug 28, 2025 | $40m | Series B | DeFi | M^0 is decentralized money middleware that allows institutions to issue cryptodollars | Polychain Capital, Ribbit Capital, Endeavor | |||
| Neon Machine (SHRAPNEL) | Aug 13, 2025 | $19.5m | Game | SHRAPNEL, integrates tactical gameplay with digital ownership, featuring a community marketplace and tools for crafting and inventory management | Gala Games | Polychain Capital, Griffin Gaming Partners | |||
| Billions Network | Jul 31, 2025 | $30m | Digital Identity | Billions is a privacy-preserving, blockchain-based identity verification platform that utilizes zero-knowledge proofs and mobile-first NFC-enabled document checks to establish trusted identities for both humans and AI agents, scalable across global jurisdictions without storing personal data | Polychain Capital, Polygon, Coinbase Ventures, Liberty City Ventures, BITKRAFT Ventures | ||||
| Concrete Protocol | Jun 23, 2025 | $9.5m | DeFi | Concrete is an appchain designed to enhance on-chain debt and credit, offering higher yields, liquidation protection, and advanced predictions within the DeFi space | Polychain Capital | YZi Labs, VanEck, Decima, Portal Ventures, Halo Capital , Leadblock Fund, Auros Global, Selini Capital, Gate Ventures, Presto Labs, Curved Ventures, Pivot Global, Nonce Classic, Renzo, Crypto Discover, Baboon VC, FounderHeads VC, BitGo, MrBlock, DCF God, Sam Kazemian | |||
| Glow Finance | Jun 23, 2025 | $9.5m | Strategic | DeFi | Glow Finance is a Solana-based DeFi platform focused on providing capital-efficient, institutional-grade financial solutions through innovative primitives like margin accounts and yield vaults | Polychain Capital | YZi Labs, VanEck, Decima, Halo Capital | ||
| DogeOS | May 6, 2025 | $6.9m | L1 | DogeOS is an open-source cloud and app infrastructure layer for Dogecoin, combining SmartOS tech with virtualization and orchestration for scalable dApp deployment | Polychain Capital | ||||
| Warlock Labs | Mar 27, 2025 | $8m | Seed | MEV | Warlock is an omni-chain liquidation engine designed to enhance the safety and profitability of decentralized protocols by recapturing maximal extractable value (MEV) | Polychain Capital | Greenfield Capital, TRGC, Reciprocal Ventures, Symbolic Capital, Ambush | ||
| Level | Mar 18, 2025 | $2.6m | Strategic | DeFi | Level is a stablecoin protocol powered by restaked dollar tokens like USDT and USDC | Dragonfly Capital | Polychain Capital, Flowdesk, Blockchain Founders Capital | ||
| Seismic | Mar 6, 2025 | $7m | Seed | Infrastructure | a16z crypto | Polychain Capital, 1kx, Dao5, NGC Ventures | |||
| Ethena Labs | Feb 24, 2025 | $100m | Private | DeFi | Ethena is a synthetic dollar protocol built on Ethereum | Franklin Templeton Investments, Pantera Capital, Polychain Capital, Dragonfly Capital, STIX, F-Prime Capital | |||
| Fluent Labs | Feb 19, 2025 | $8m | Seed | L2 | Fluent is an Ethereum Layer 2 network | Polychain Capital | Primitive Ventures, Dao5, MH Ventures, Symbolic Capital, Builder Capital, Nomad Capital, Public Works, The Rollup, Balaji Srinivasan, Gate Ventures | ||
| Superform Labs | Dec 12, 2024 | $3m | Strategic | DeFi | Universal Yield Marketplace | VanEck | Polychain Capital, CMT Digital, Maven 11, Amber Group, Node Capital, BlockTower Capital, Heartcore Capital, UpTop | ||
| Hyperbolic | Dec 10, 2024 | $12m | Series A | AI | Hyperbolic is an AI cloud platform that unites global compute resources to provide accessible, affordable, and scalable GPU resources and AI services | Variant, Polychain Capital | Lightspeed Faction, GSR, Bankless Ventures, IOSG Ventures, Chapter One, Vertex Ventures, Blockchain Builders Fund, Wintermute Ventures, Alumni Ventures, Ambush |