Polychain Capital

Venture Capital

Cryptocurrency and blockchain-focused investment firm founded by former first Coinbase employee Olaf Carlson-Wee, investing in protocols, tokens, and equity across the digital asset ecosystem.

San Francisco, United States · 120+ investments · 92 portfolio companies

Seed
Early Stage
Growth
Crypto & Web3
Headquarters
San Francisco, United States
Founded
2016
AUM
$2.6B
Portfolio Companies
92
Total Investments
120
Last Investment
Aug 2026
Geographic Focus
North America

Indexed holds 92 portfolio companies and 120 funding rounds for this investor. The full record is or through the API.

Investment Thesis

Polychain invests in blockchain protocols, tokens, and crypto-native companies, seeking exceptional returns through actively managed portfolios of digital assets across seed to growth stages.

Polychain Capital is a Venture Capital firm based in San Francisco, United States. It has made 120 investments, including MyCrypto, RIVER FINANCIAL and Light Protocol. Focus areas include Crypto & Web3.

Portfolio92

Showing 48 of 92 recorded portfolio companies.

Co-investors24

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24 co-investors across 226 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×22 · Corporate VC ×1 · Angel Group ×1 · 120 shared rounds

Investment History

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Polychain Capital on Indexed.vc
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