Polychain Capital

Contango Reaches $5M Close on $10M Blockchain x AI Seed Fund

Retrieved on: 
Tuesday, April 16, 2024
Quantstamp, Digital asset, Artificial general intelligence, CFO, Partner, Polychain Capital, AI, Contango, Breeding, Blockchain, Akasha, Intelligence, Angel, DAO, LP record, Digital Currency Group, Growth, Cryptocurrency

Toronto, Canada, April 15, 2024 (GLOBE NEWSWIRE) -- Contango Digital Assets is pleased to announce the successful first close of its latest venture fund, the Contango Blockchain x AI Fund, bringing in an impressive $5 million in LP capital, to date.

Key Points: 
  • Toronto, Canada, April 15, 2024 (GLOBE NEWSWIRE) -- Contango Digital Assets is pleased to announce the successful first close of its latest venture fund, the Contango Blockchain x AI Fund, bringing in an impressive $5 million in LP capital, to date.
  • Investors in the Contango Blockchain x AI Fund include the CEO of Quantstamp, the CFO at SingularityNet, the CEO at WonderFi, a GP from X Ventures, early LPs in Digital Currency Group and Polychain Capital, and investors from VANTA DAO.
  • The Contango Blockchain x AI Fund directly benefits from the "Wisdom of the Crowd" produced by the DAO, enhancing its ability to identify and capitalize on promising opportunities.
  • With a strong team, strategic vision, and robust network of partners and investors, the Contango Blockchain x AI Fund is well-positioned to drive innovation and foster growth at the dynamic intersection of blockchain and artificial intelligence.

Movement Labs Raises $38 Million in Series A to Bring Facebook's Move to Ethereum

Retrieved on: 
Thursday, April 25, 2024
Knowledge, Ecosystem, Polychain Capital, Blockchain, Solidity, Curve, Stack, Polygon, TPS, Optimism, Movement, SAN, Cryptocurrency

The funding will support the company's mission to bring Facebook's Move Virtual Machine to Ethereum, addressing smart contract vulnerabilities and enhancing transaction throughput.

Key Points: 
  • The funding will support the company's mission to bring Facebook's Move Virtual Machine to Ethereum, addressing smart contract vulnerabilities and enhancing transaction throughput.
  • Movement Labs' "Integrated Approach" combines modular elements to create a more secure & performant Ethereum ecosystem.
  • Founded in 2022, Movement Labs aims to tackle the prevalent smart contract vulnerabilities within the Ethereum ecosystem while introducing a novel execution environment designed for 30,000+ transactions per second (TPS).
  • For more information about Movement Labs and a guide to participate in the devnet, please visit: movementlabs.xyz , follow on X @movementlabsxyz and on Discord .

Movement Labs Raises $38 Million in Series A to Bring Facebook's Move to Ethereum

Retrieved on: 
Thursday, April 25, 2024
Knowledge, Ecosystem, Polychain Capital, Blockchain, Solidity, Curve, Stack, Polygon, TPS, Optimism, Movement, SAN, Cryptocurrency

SAN FRANCISCO, April 25, 2024 /PRNewswire/ -- Movement Labs , a San Francisco-based blockchain development team, has secured $38 million in a Series A financing round led by Polychain Capital.

Key Points: 
  • SAN FRANCISCO, April 25, 2024 /PRNewswire/ -- Movement Labs , a San Francisco-based blockchain development team, has secured $38 million in a Series A financing round led by Polychain Capital.
  • The funding will support the company's mission to bring Facebook's Move Virtual Machine to Ethereum, addressing smart contract vulnerabilities and enhancing transaction throughput.
  • Founded in 2022, Movement Labs aims to tackle the prevalent smart contract vulnerabilities within the Ethereum ecosystem while introducing a novel execution environment designed for 30,000+ transactions per second (TPS).
  • For more information about Movement Labs and a guide to participate in the devnet, please visit: movementlabs.xyz , follow on X @movementlabsxyz and on Discord .

Clique raises $8M in Series A to revolutionize the way smart contracts access data

Retrieved on: 
Thursday, March 14, 2024
Synthetix, Web3, ZKP, Trust, Blockchain, Vernacular, Internet, AI, Clique, Polychain Capital, Axiom, TEE, Linea, Software development kit, Graphics processing unit, Polygon, Series, SDK, Privacy, Rōnin, Cryptocurrency

This latest funding round aims to power Clique's mission of enabling efficient and optimal compute resource allocation for applications that have different preferences.

Key Points: 
  • This latest funding round aims to power Clique's mission of enabling efficient and optimal compute resource allocation for applications that have different preferences.
  • To date, Clique has enabled over US$3,500,000,000 in on-chain transactions through the use of their protocol.
  • The Clique Compute Coordination Network organizes various off-chain compute resources, allocating them as needed by both general applications and smart contracts.
  • This allows applications to access different compute resources and data easily, with the ability to adjust for preferences around trust, privacy, performance, and cost.

Eclipse Labs Announces $50M Series A Funding co-led by Placeholder and Hack VC

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Blockchain, NFT, Apps, Applications, Technology, Cryptocurrency, Software, Citadel, Developer, Uniswap, EVM, Environment, Discord, SVM, L2, Lead, Polychain Capital, Q2, Testnet, Engineering, Flow Traders, DBA, Marketing, Celestia, Architecture, Auros, Ecosystem, GSR, San Francisco Bay Area, Apollo Global Management

Eclipse Labs , a software firm contributing to the development of the first Ethereum layer-2 using the Solana Virtual Machine (SVM), has raised $50M of Series A funding co-led by Placeholder and Hack VC, bringing the total capital raised to $65M.

Key Points: 
  • Eclipse Labs , a software firm contributing to the development of the first Ethereum layer-2 using the Solana Virtual Machine (SVM), has raised $50M of Series A funding co-led by Placeholder and Hack VC, bringing the total capital raised to $65M.
  • "Eclipse is built to be Ethereum's fastest layer-2, leveraging the best pieces of the modular stack available today," said Neel Somani, Founder of Eclipse Labs.
  • Eclipse integrates the high-performance SVM with the deep pools of liquidity on Ethereum, while maintaining the hard constraint of verifiability."
  • Eclipse Labs intends on sponsoring hackathons and accelerators, in addition to community-building events targeted toward users who interact with Eclipse Mainnet.

Polyhedra Network Closes $20 Million Strategic Funding Round, Raising Its Valuation to $1 Billion

Retrieved on: 
Thursday, March 14, 2024
Ethereum, Bitcoin, Symbolic capital, Animoca Brands, Growth, General partnership, ZK, Polychain Capital, Doctor of Philosophy, Cryptocurrency

SINGAPORE, March 14, 2024 /PRNewswire/ -- Polyhedra Network, the team behind zero-knowledge interoperability protocol zkBridge, today announced the closing of a $20 million strategic funding round, valuing the company at $1 billion USD.

Key Points: 
  • SINGAPORE, March 14, 2024 /PRNewswire/ -- Polyhedra Network, the team behind zero-knowledge interoperability protocol zkBridge, today announced the closing of a $20 million strategic funding round, valuing the company at $1 billion USD.
  • This is the fifth round of financing conducted by Polyhedra Network over the past two years.
  • Polyhedra Network is an infrastructure company that utilizes zero-knowledge proofs as the foundation of its products, providing users with improved security, scalability, and trust-minimization.
  • This expansion will allow Polyhedra Network to further cement its presence as the premier zero-knowledge institution and globally promote the adoption of trust-minimized interoperability.

Talus Network Raises $3 Million in Funding Led by Polychain Capital to Democratize Onchain AI with Move

Retrieved on: 
Monday, February 26, 2024
Artificial intelligence, AI, Intelligence, General partnership, IBM, Polychain Capital, Symbolic capital, Safety, Talus, Ecosystem, Dame Alice Owen's School, Cryptocurrency

Additionally, angel investors from major tech and blockchain firms such as Nvidia, IBM, Blue7, Symbolic Capital, and Render Network have contributed to support the team’s mission of democratizing AI onchain.

Key Points: 
  • Additionally, angel investors from major tech and blockchain firms such as Nvidia, IBM, Blue7, Symbolic Capital, and Render Network have contributed to support the team’s mission of democratizing AI onchain.
  • Our mission is to foster consumer-friendly AI applications, particularly smart agents, that seamlessly integrate into everyday on-chain life.
  • More importantly, we're on the way to democratize AI, ensuring that it's the users who hold the reins of control”.
  • Luke Pearson, General Partner at Polychain Capital, commented: "We're excited to lead Talus Network's funding round.

Flash News: OKX Ventures Backs AltLayer in a US$14.4 Million Round to Champion Innovation in Blockchain Technology

Retrieved on: 
Wednesday, February 21, 2024
Polychain Capital, Growth, OKX, Web3, Cryptocurrency

OKX Ventures is proud to announce its participation in a funding round for AltLayer , a leading platform for rollups.

Key Points: 
  • OKX Ventures is proud to announce its participation in a funding round for AltLayer , a leading platform for rollups.
  • OKX Ventures Founder Dora Yue said: "We're excited to support AltLayer in their quest for scalability and innovation in the blockchain technology sector.
  • This aligns perfectly with OKX Ventures' mission to support projects that drive innovation and push the boundaries of the blockchain space."
  • OKX Ventures looks forward to seeing the growth and development of AltLayer, as well as supporting their vision to revolutionize the blockchain industry.

Squid Raises $4m to Expand the Capabilities of the Cross-Chain Do-Anything Layer

Retrieved on: 
Wednesday, January 31, 2024
Ethereum, Internet, Maelstrom, The Department, Non-fungible token, Polychain Capital, Investment, Squid, EVM, Specialization, NFT, Decentralized finance, XYZ, UX, Chapter One, LP, Cryptocurrency

ZUG, Switzerland , Jan. 31, 2024 /PRNewswire/ --  Squid, the cross-chain do-anything router, today announces $4m in strategic funding led by Polychain Capital with participation from Nomad Capital, North Island Ventures, Maelstrom, Chorus One, The Department of XYZ, Breed, Binary Builders, and Typhon Ventures, along with follow-on investments from Distributed Global, Fabric Ventures, Node Capital, and Chapter One. Squid has established itself as the fastest, most frictionless, and most secure way to swap tokens across blockchains, empowering users of thousands of assets on over 60 chains. This raise enables the team to continue its expansion in supporting chains in the EVM and Cosmos ecosystems and beyond. Additionally, the team will build deeper integrations with more decentralized applications (dApps), allowing users to easily interact with those applications in a wide variety of ways, including depositing into DeFi positions, purchasing NFT collectibles and in-game items, and more.

Key Points: 
  • This raise enables the team to continue its expansion in supporting chains in the EVM and Cosmos ecosystems and beyond.
  • "Our vision for Squid is to create the UX layer for interoperability among blockchains and the apps built on them," said Christina Rud, Co-Founder of the protocol.
  • With this raise, Squid will accelerate development to enable more complex bundling of transaction sequences and more efficient routing of assets.
  • Additionally, the team is building integrations with more interoperability networks and has its sights set on bringing Squid to more blockchain ecosystems beyond Ethereum and Cosmos.

Polychain Capital and Hack VC Lead $18 Million Funding Round for Bitcoin Staking Protocol Babylon

Retrieved on: 
Thursday, December 7, 2023
Professional Services, Security, Blockchain, Technology, Cryptocurrency, Finance, Networks, Ethereum, Finality, CDK, Developer, Investment, Dapp, Jim Breyer, POS, Ecosystem, IDG, Polygon, OKX, BTC, Symbolic capital, Token economy, Polychain Capital, Bitcoin

The round was co-led by Polychain Capital and Hack VC , with participation from Framework Ventures , Polygon Ventures , Castle Island Ventures , OKX Ventures , Finality Capital , Breyer Capital , Symbolic Capital , IOSG Ventures and many other investors.

Key Points: 
  • The round was co-led by Polychain Capital and Hack VC , with participation from Framework Ventures , Polygon Ventures , Castle Island Ventures , OKX Ventures , Finality Capital , Breyer Capital , Symbolic Capital , IOSG Ventures and many other investors.
  • Babylon’s Bitcoin Staking Protocol provides a way for PoS chains to introduce Bitcoin as a staking asset.
  • In July this year, Babylon published a litepaper outlining its pioneering concept of native trustless Bitcoin Staking.
  • In 2022, Babylon successfully concluded its initial seed funding round, securing investments from IDG, DHVC, Breyer Capital, and other contributors.