About Polygon
Polygon is a company based in George Town (Cayman Islands) founded in 2017 by Daniel Lubarov, Jordi Baylina, Brendan Farmer, David Z, Sandeep Nailwal, Mihailo Bjelic, and Bobbin Threadbare. It operates as a Blockchain-as-a-Service. Polygon has raised $450.75 million across 4 funding rounds from investors including Coinbase, Animoca Brands and Unacademy. Polygon has completed 5 acquisitions, including Coinme, Hermez and Mir Protocol. Polygon offers products and services including Polygon PoS, Polygon zkEVM, AggLayer CDK, and Miden. Polygon operates in a competitive market with competitors including Wuri, IBEX, Nexus Mutual, Onmeta and Grwth Lbs, among others.
- Headquarter George Town, Cayman Islands
- Founders Daniel Lubarov, Jordi Baylina, Brendan Farmer, David Z, Sandeep Nailwal, Mihailo Bjelic, Bobbin Threadbare
- Stage Decacorn
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Polygon Labs Ui (Cayman) Ltd.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Polygon
Polygon offers a comprehensive portfolio of products and services, including Polygon PoS, Polygon zkEVM, AggLayer CDK, and Miden. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ethereum scaling ecosystem is supported for fast transactions.
ZK-rollup solution is provided for Ethereum scalability security.
Ethereum Layer 2s are built with ZK technology.
Decentralized rollup is offered with private data storage.
Unlock access to complete
Unlock access to complete
Leadership Team
8 people
Product Management Team
7 people
Human Resources and Administration
6 people
Software Development Team
5 people
Finance and Accounting
5 people
Sales and Marketing
4 people
Legal and Compliance
4 people
Creative and Marketing Team
4 people
Unlock access to complete
Funding Insights of Polygon
Polygon has successfully raised a total of $450.75M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $450 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $450.0M
- First Round First Round
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series D - Polygon | Valuation | Peak XV Partners | |
| Jan, 2022 | Amount | Series C - Polygon | Valuation |
investors |
|
| May, 2021 | Amount | Angel Round - Polygon | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Polygon
Polygon has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coinbase, Animoca Brands and Unacademy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location | |
|
Growth-stage investments are focused on by Republic Capital venture firm.
|
Founded Year | Domain | Location | |
|
Venture capital funding for games and interactive entertainment.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Polygon
Polygon has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Coinme, Hermez and Mir Protocol. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Open-source blockchain payment network is integrated with Ethereum ecosystem.
|
2020 | ||||
|
Open-source blockchain platform is utilized for decentralized application development.
|
2018 | ||||
|
Bitcoin protocol is forked for privacy-enabled transactions via zero-knowledge proofs.
|
2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Polygon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Polygon Comparisons
Competitors of Polygon
Polygon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wuri, IBEX, Nexus Mutual, Onmeta and Grwth Lbs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Stories across multiple genres are provided for online reading.
|
|
| domain | founded_year | HQ Location |
Infrastructure for instant, interoperable financial settlement is provided by IBEX.
|
|
| domain | founded_year | HQ Location |
Blockchain-based P2P insurance is provided for individuals and smart contracts.
|
|
| domain | founded_year | HQ Location |
Cryptocurrency and DApp services are provided by Onmeta.
|
|
| domain | founded_year | HQ Location |
Web3 products are developed, focusing on DeFi stablecoin yield aggregation.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Polygon
Frequently Asked Questions about Polygon
When was Polygon founded?
Polygon was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Polygon located?
Polygon is headquartered in George Town, Cayman Islands.
Is Polygon a funded company?
Polygon is a funded company, having raised a total of $450.75M across 4 funding rounds to date.
What does Polygon do?
Polygon is established as a key player in blockchain scaling solutions for Ethereum. Various technologies like Polygon PoS, zkEVM, and Miden are developed to enhance transaction speed and reduce costs. The ecosystem is supported for real-world assets and global payments. Solutions are provided for developers through tools, documentation, and community support. Focus is placed on zero-knowledge technology to ensure scalability and security. The AggLayer protocol is designed for cross-chain interoperability. A wide range of decentralized applications is hosted within the Polygon ecosystem.
Who are the top competitors of Polygon?
Polygon's top competitors include Nexus Mutual, IBEX and Acorn Protocol.
What products or services does Polygon offer?
Polygon offers Polygon PoS, Polygon zkEVM, AggLayer CDK, and Miden.
How many acquisitions has Polygon made?
Polygon has made 5 acquisitions, including Coinme, Hermez, and Mir Protocol.
Who are Polygon's investors?
Polygon has 23 investors. Key investors include Coinbase, Animoca Brands, Unacademy, SoftBank Group, and Peak XV Partners.
What is Polygon's valuation?
The valuation of Polygon is $20B as of Feb 2022.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.