Polygon Unicorn
Polygon (originally Matic Network) is an India-founded Ethereum-scaling blockchain protocol offering Layer-2 infrastructure — including a Proof-of-Stake sidechain, zkEVM, Chain Development Kit and the AggLayer — for low-cost, high-throughput transactions, payments, DeFi and stablecoin/RWA settlement. Rebranded from Matic Network to Polygon in February 2021; its holding entity is now incorporated in the Cayman Islands while its founding team and early…
Polygon: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 7 Feb 2022 | Series B | $450 Mn | Sequoia Capital India Alameda Research Galaxy Digital Makers Fund Republic Capital SoftBank Vision Fund Tiger Global Management | source |
| 30 Apr 2019 | Undisclosed | Undisclosed | Coinbase Ventures | source |
| 26 Apr 2019 | Undisclosed | $4.94 Mn | Binance Launchpad (public token sale) | source |
| 15 Jan 2019 | Seed | $165K | Undisclosed seed investors | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 13 Jan 2026 | Polygon | Coinme | $250 Mn+ combined with Sequence (individual split undisclosed; ~$100-125 Mn reported for Coinme) | source |
| 13 Jan 2026 | Polygon | Sequence | $250 Mn+ combined with Coinme (individual split undisclosed; ~$125-150 Mn reported for Sequence) | source |
| 4 Jun 2024 | Polygon | Toposware | ~$30-50 Mn (reported, undisclosed officially) | source |
| 9 Dec 2021 | Polygon | Mir | $400 Mn (cash + MATIC tokens) | source |
| 14 Aug 2021 | Polygon | Hermez Network | $250 Mn (in MATIC tokens) | source |
News on Polygon
No coverage of Polygon linked yet.
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Who founded Polygon?
Polygon was founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, Mihailo Bjelic in 2017.
How much funding has Polygon raised?
Polygon has raised $455.11 Mn across 4 tracked funding round(s), most recently on 2022-02-07. Figures are compiled from cited public sources.
Who are the investors in Polygon?
Investors in Polygon include Sequoia Capital India, Alameda Research, Galaxy Digital, Makers Fund, Republic Capital, SoftBank Vision Fund, Tiger Global Management, Coinbase Ventures.
What does Polygon do?
Polygon (originally Matic Network) is an India-founded Ethereum-scaling blockchain protocol offering Layer-2 infrastructure — including a Proof-of-Stake sidechain, zkEVM, Chain Development Kit and the AggLayer — for low-cost, high-throughput transactions, payments, DeFi and stablecoin/RWA settlement. Rebranded from Matic Network to Polygon in February 2021; its…
Where is Polygon headquartered?
Polygon is headquartered in Mumbai, Maharashtra, India.
What is Polygon's business model?
Polygon's core value proposition centers on Fast, low-cost Ethereum-compatible scaling, Zero-knowledge proof settlement, Enterprise-ready Web3 rails without the speculation baggage.
How does Polygon make money?
Polygon's cited revenue streams include Network transaction fees, Sequencer fees & bridged-asset yield.