Private Equity

PE Fund Investments

Blockchain tech co Polygon raises $450-M led by Sequoia India

Co Announcement   CNBC.com  

Bangalore-based Blockchain technology company Polygon has raised USD 450 million - through a private sale of its native MATIC token - in a funding round led by Sequoia Capital India with participation from SoftBank Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global and Republic Capital. Well known individual investors including Alan Howard (co-founder, Brevan Howard) and “Shark Tank USA” investor Kevin O'Leary also participated in the raise. (In May 2021, another US-based investor Mark Cuban - who also invests via Shark Tank USA - had backed Polygon.) Polygon's first major financing round since the project's founding in 2017 has also attracted contributions from Alameda Research, Transcend Fund, Makers Fund, Animoca Brands, global video game leader and games industry investor Scopely, dune ventures, Union Square Ventures, Seven Seven Six, Elevation Capital, Sino Global Capital, DCG, Standard Crypto, Celsius, Dragonfly Capital, Variant Fund, Blue Pool Capital, WorkPlay Ventures (led by Zynga founder Mark Pincus), Third Point, Steadview Capital, and many more. The latest capital raise anoints Polygon as a Unicorn.

From the Venture Intelligence PE-VC Deal Database: In Apr-19, Polygon had attracted funding from Coinbase Ventures.