Other Private Equity/Strategic Investments
Blockchain startup Polygon attracts funding from US tech investor Mark Cuban
US-based billionaire Mark Cuban has made an investment in Polygon - an Indian layer 2 ethereum scaling solution firm. Mumbai-based Polygon (formerly Matic Network) was co-founded in 2017 by three software engineers - Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. Mihailo Bjelic from Serbia was later added as a co-founder. The company aims to improve the usability and convenience of the current decentralized ecosystem. Cuban has investments in over 100 companies (including via the well known TV show “Shark Tankâ€), is a prominent backer of cryptocurrencies, especially ether and dogecoin.
From the Venture Intelligence PE-VC Deal Database: Polygon had raised funding from Coinbase Ventures in Apr-19.
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