About Polygon
Polygon is a Technology 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. Scalable blockchain interoperability protocols are developed for enhanced network security. It operates on a Blockchain-as-a-Service model. Polygon has raised $450.75 million across 5 funding rounds from investors including Coinbase, Animoca Brands and Unacademy. Polygon has completed 5 acquisitions, including Coinme, Hermez and Mir Protocol. Polygon was last valued at $20 billion in February 2022. Its website polygon.technology draws about 308 thousand monthly visits. Its Indian entity Matic-Network India Llp reported revenue of ₹5.85 Cr. Polygon offers products and services including Polygon PoS, Polygon zkEVM, AggLayer CDK, and Miden. Its focus areas include Blockchain and Scaling Solutions.
Company details
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.
- Headquarters George Town, Cayman Islands
- Founders Daniel Lubarov, Jordi Baylina, Brendan Farmer, David Z, Sandeep Nailwal, Mihailo Bjelic, Bobbin Threadbare
- SectorsTechnology
- Website category Finance · Investing
- Website polygon.technology
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Polygon Labs Ui (Cayman) Ltd.
- Date of Incorporation 05 Jun, 2018
- Indian entity revenue₹5.85 Cr
FY 2023 · -71% YoY
- Indian entity net profit₹1.4 Lakh
FY 2023 · 0% margin
- Indian entity EBITDA₹38.7 Lakh
FY 2023 · 7% margin
- Total Equity Funding$450.75M (USD)
in 5 rounds
- Latest Funding Round$450M (USD), Series D
Feb 2022
- InvestorsCoinbase
& 22 more
- Investments & AcquisitionsCoinme
& 4 more
Associated legal entities of Polygon
Polygon operates through Matic-Network India Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Matic-Network India Llp CIN AAM-7783 | Active | 05 Jun 2018 | Mumbai, Maharashtra | ₹5.9 Cr | 4 | View details |
Products & Services of Polygon
Polygon offers a comprehensive portfolio of products and services, including Polygon PoS, Polygon zkEVM, AggLayer CDK, and Miden.
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.
Apps and channels of Polygon
its YouTube channel Polygon Labs has 14.5K subscribers and 30 videos.
Videos from Polygon
The most watched videos on Polygon's YouTube channel, Polygon Labs (14.5K subscribers). Click a video to play it here.
More on Polygon Labs.
Funding Insights of Polygon
Polygon has successfully raised a total of $450.75M across 5 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 $450.75M
- Total Rounds 5
- Last Round Series D — $450M
- First Round $5M
(Apr 2019)
- Investors Count 23
All 5 funding rounds of Polygon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2022 | $450M | Series D | $20B | Peak XV Partners | |
| Jan 2022 | $750,000 | Series C | – | – | – |
| May 2021 | Angel Round | – | – | ||
| May 2021 | Seed | – | Coinbase | – | |
| Apr 2019 | $5M | Token Sale | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2022 | $20B | •••••••• |
Last known valuation $20B (Feb 2022). 23 investors in total: 20 institutional and 3 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Growth-stage investments are focused on by Republic Capital venture firm. | republiccapital.co | Manhattan, United States | ||
Venture capital funding for games and interactive entertainment. | makersfund.com | |||
Investments are directed by Dune Ventures into multiple sectors. | dune.ventures | New York, United States | ||
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Venture capital and equity principal services are provided by Dragonfly. | 2018 | dragonfly.xyz | Oakland, United States | |
Venture capital fund focused on investing in technology startups | sevensevensix.com | Austin, United States | ||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Venture capital fund focused on investing in blockchain startups | ryzelabs.io | George Town, Cayman Islands | ||
Blockchain sectors are invested in by Sino Global Capital. | sinoglobalcapital.com | George Town, Cayman Islands |
Investor details for Polygon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Matic-Network India Llp (Polygon)
Matic-Network India Llp is the primary company behind Polygon. The board of Matic-Network India Llp currently have 4 directors; the longest-serving is Sandeep Nailwal, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sandeep Nailwal DIN 07454321 | Designated Partner | 05 Jun 2018 | 8 yrs 5 mo | Matic-Network India Llp |
| Jayntibhai Kanani Devchandbhai DIN 08132263 | Designated Partner | 05 Jun 2018 | 8 yrs 5 mo | Matic-Network India Llp |
| Anurag Ramkrishna Arjun DIN 08156519 | Designated Partner | 14 Jun 2018 | 8 yrs 4 mo | Matic-Network India Llp |
| Sangeeta Tripathi DIN 09740358 | Designated Partner | 05 Jan 2023 | 3 yrs 10 mo | Matic-Network India Llp |
People of Polygon
61 people are tracked at Polygon (34 in leadership, 27 in team).
| Name | Role | Group |
|---|---|---|
Daniel Lubarov | Co-Founder | Leadership |
Jordi Baylina | Co-Founder | Leadership |
Brendan Farmer | Co-Founder | Leadership |
David Z | Co-Founder & CTO | Leadership |
| Co-Founder | Leadership | |
Mihailo Bjelic | Co-Founder | Leadership |
Bobbin Threadbare | Co-Founder | Leadership |
Chyi Yan Hshieh | Head Of Business Development, Southeast Asia | Leadership |
John Egan | Chief Product Officer | Leadership |
Sam Fagin | Director, Payments | Leadership |
Shreyansh Singh | Head Of Investments | Leadership |
Juliette van der Smeede | Director Payroll | Leadership |
Bojana Tomić-Brkušanin | Chief Of Staff | Leadership |
Ricky Fiel | VP Of Global People + Talent Operations | Leadership |
Andie Keister | People Business & Programs Partner | Leadership |
Jacob W. | Chief Legal Officer | Leadership |
Sergio Varona Bustillo | Head Of Gaming | Leadership |
Jonathan Tamblyn | Chief People Officer | Leadership |
Marc Boiron | Chief Executive Officer | Leadership |
Ryan Niedzialek | Chief Of Staff To CEO | Leadership |
41 more people are available in the full profile.
Complete people profiles for Polygon
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Polygon
Figures of Matic-Network India Llp, the primary company behind Polygon, for FY 2023. Revenue was ₹5.85 Cr (-71% year on year). Net profit was ₹1.4 Lakh (0% margin). EBITDA was ₹38.7 Lakh (7% margin). Revenue has grown at a compounded annual rate of -9% over three years.
- ₹5.85 CrRevenue · FY 2023 · -71% YoY
- ₹1.4 LakhNet profit · 0% margin
- ₹38.7 LakhEBITDA · 7% margin
- -9%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Matic-Network India Llp are on its company page.
Detailed financial statements for Polygon
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Polygon
Polygon has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Coinme, Hermez and Mir Protocol.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Sequence is focused on providing building blocks for the onchain Internet era. | sequence.xyz | Canada | 2015 | Jan 2026 | •••• | |
Cryptocurrency exchange and wallet platform | coinme.com | Seattle, United States | 2014 | Jan 2026 | •••• | |
Bitcoin protocol is forked for privacy-enabled transactions via zero-knowledge proofs. | toposware.com | Japan | 2018 | Jun 2024 | •••• | |
Open-source blockchain platform is utilized for decentralized application development. | mirprotocol.org | Missoula, United States | 2018 | Dec 2021 | $400M | |
Open-source blockchain payment network is integrated with Ethereum ecosystem. | hermez.io | Zug, Switzerland | 2020 | Aug 2021 | $250M |
Complete acquisition details for Polygon
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Exports
Verified entity values are shown only after access is granted.
Timeline of Polygon
9 dated milestones of Polygon across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Polygon is founded.
- Funding First funding round of $5.0M.
- Acquisition Acquires Hermez.
- Acquisition Acquires Mir Protocol.
- Funding Latest funding round, Series D, of $450.0M.
- Milestone Reaches Decacorn status.
- Acquisition Acquires ToposWare.
- Acquisition Acquires Sequence.
- Acquisition Acquires Coinme.
Web traffic of Polygon
The website of Polygon (polygon.technology) receives about 308.3K visits a month and ranks #146,755 among all websites worldwide, #9,126 in Investing.
- Monthly visits308.3K
▲ 1.9% vs previous month
- Unique visitors130K
per month
- Global rank#146,755
among all websites
- Category rank#9,126
Finance · Investing
- Bounce rate41%
- Pages per visit2.7
- Average visit1 min 43 sec
- DevicesDesktop 44% · Mobile 56%
Websites whose visitors overlap most with Polygon. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| alchemy.com | 100% | 716.9K | #57,305 | View details | |
polygonscan.com | polygonscan.com | 91% | #44,346 | – | |
| etherscan.io | 90% | 4M | #13,128 | View details | |
chainlist.org | chainlist.org | 89% | #159,108 | – | |
| getblock.io | 89% | 156.3K | #238,222 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Polygon
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Related news about Polygon
Complete news archive for Polygon
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Frequently Asked Questions about Polygon
Polygon was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Polygon is headquartered in George Town, Cayman Islands.
Polygon is a funded company, having raised a total of $450.75M across 5 funding rounds to date. The company's 1st funding round was a Token Sale of $5M, raised on Apr 2019.
The primary company behind Polygon, Matic-Network India Llp, reported revenue of ₹5.85 Cr for FY 2023, down 71% year on year.
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.
Polygon offers Polygon PoS, Polygon zkEVM, AggLayer CDK, and Miden.
Polygon has made 5 acquisitions, including Coinme, Hermez, and Mir Protocol.
Polygon has 23 investors. Key investors include Coinbase, Animoca Brands, Unacademy, SoftBank Group, and Peak XV Partners.
The valuation of Polygon is $20B as of Feb 2022.
Polygon operates through Matic-Network India Llp.
The legal entities of Polygon currently have 4 directors, including Anurag Ramkrishna Arjun, Sangeeta Tripathi, Sandeep Nailwal and others.
The website of Polygon receives about 308 thousand visits a month and ranks #146,755 among all websites worldwide.