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Polygon Valuation, Funding & Investors
Polygon is valued at $2B as of February 2022.
Last Polygon valuation
$2B
ICO · Feb 2022
Last Polygon funding round
$450M
ICO · Feb 2022
Cumulative funding Polygon raised
$452M
across 3 funding rounds
Key investors in Polygon
Peak XV Partners
Coinbase Ventures
Mark Cuban
Shinhan Venture Investment
ZBS CAPITAL
John Lilic
About Polygon
Polygon is a layer-2 scaling platform for Ethereum and web3 applications. The network supports zkEVM, optimistic rollups, and sidechains, hosting protocols like Aave and Decentraland. Polygon operates from India with global nodes, processing transactions for decentralized finance and NFTs through its proof-of-stake chain.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$2B (Feb 2022)
Polygon Valuation
Polygon is currently valued at $2B, based on its ico round in February 2022.
The $450M round was led by Peak XV Partners.
Polygon valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2022 | ICO | $2B |
Polygon Funding History
Polygon has raised a total of $452M across 3 funding rounds.
Polygon's first fundraising round was a $500K seed round in April 2019. The most recent completed round was a $450M ico round in February 2022.
Polygon funding rounds
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Feb 2022 | ICO | Peak XV Partners (lead) | $450M | $2B |
| May 2021 | Seed | Mark Cuban (lead); John Lilic | $1M | - |
| Apr 2019 | Seed | Coinbase Ventures (lead); ZBS CAPITAL; Shinhan Venture Investment | $500K | - |
Who has invested in Polygon?
6 investors have backed Polygon across its funding rounds, including Peak XV Partners, Coinbase Ventures, Mark Cuban, Shinhan Venture Investment, ZBS CAPITAL and John Lilic.
Lead investors include Peak XV Partners, Mark Cuban and Coinbase Ventures.
Polygon Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | May 2021 | ||
| 1 | Participant | Apr 2019 | ||
| 1 | Lead | Apr 2019 | ||
| 1 | Lead | May 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Polygon
Polygon has acquired 6 companies to date.
Last acquisition by Polygon was on January 13th 2026. Polygon acquired Sequence for $125M.
Latest Acquisitions by Polygon
| Description | Sequence is a blockchain infrastructure provider and game studio enabling web3 access for digital asset ownership. It offers developer tools for building decentralized economies, including wallet integration and NFT marketplaces. Horizon-based, the platform powers games like Star Atlas and supports cross-chain transactions on Solana. | Coinme is the largest licensed cash-to-cryptocurrency exchange network in the United States, operating at thousands of Coinstar kiosks and MoneyGram locations across 48 states. Founded in 2014 and based in Seattle, Washington, the company enables cash purchases of Bitcoin and other digital assets with instant wallet transfers. Coinme provides an API for financial institutions to integrate crypto services and offers a mobile app for storage and management of holdings. | Toposware is a blockchain company developing a zero-knowledge proof-powered ecosystem headquartered in Boston, Massachusetts. Founded in 2019, it enables full interoperability across chains using its Topos protocol for scalable, privacy-preserving transactions. The team of computer scientists and cryptographers builds infrastructure for decentralized applications in finance and data. | All Consulting Service is an Italian risk engineering firm assisting insurers and corporates with property and casualty claims handling, loss prevention audits, and training programs. Based in Milan, the company deploys engineers for site inspections in manufacturing, logistics, and energy sectors across Europe. It develops customized risk mitigation plans including fire suppression and seismic retrofits. Part of Gruppo ALL since 2003, All Consulting Service trains over 1,000 professionals annually through certified courses. | |
| HQ Country | |||||
| HQ City | Toronto | Seattle, WA | Boston, MA | Turin | |
| Deal Date | 13 Jan 2026 | 13 Jan 2026 | 4 Jun 2024 | 17 Nov 2022 | |
| Valuation | $125M | $125M | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Polygon acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by Polygon
Polygon has invested in 76 companies to date.
Latest investment by Polygon was on October 10th 2025. Polygon invested in Open Campus in their $5M Seed round.
Latest Investments by Polygon
| Description | Open Campus is a Singapore-headquartered Web3 protocol that tokenizes educational content through its blockchain-based marketplace. Educators upload courses, videos, and resources minted as NFTs payable with the EDU token, which governs the DAO and funds creator grants. The platform integrates with Polygon for low-fee transactions and supports revenue sharing via smart contracts. Partnerships with edtech firms enable cross-chain content distribution. Launched in 2022, Open Campus hosts thousands of learning modules across subjects like programming, design, and business. | Guild is a blockchain-based platform integrating AI for music creators to handle content ownership, distribution, and monetization. Launched in 2023, it automates marketing and analytics for artists on Ethereum-compatible networks. | Billions Network is a global platform combining AI agents with human experts to verify information and build trust in digital interactions. It operates a decentralized network for fact-checking, content moderation, and decision support across web3 and enterprise applications worldwide. | Symbiotic is a shared security protocol for decentralized networks on Ethereum. It allows restakers to allocate assets like ETH to secure multiple rollups and appchains simultaneously. Launched in 2024, the platform supports sovereign ecosystems with opt-in security, attracting over $1 billion in total value locked from major DeFi protocols. | |
| HQ Country | |||||
| HQ City | Hong Kong | Austin, TX | Zug | Dubai | |
| Deal Date | 10 Oct 2025 | 27 Aug 2025 | 1 Aug 2025 | 23 Apr 2025 | |
| Round | Seed | Seed | Undisclosed stage | Series A | |
| Raised | $5M | $2M | $30M | $29M | |
| Investors | Caladan; Animoca Brands; GameFi Ventures; Shima Capital; Kingsway Capital; Sequoia Capital; YZi Labs | Capital Factory | Coinbase Ventures; Liberty City Ventures; Polychain; BITKRAFT Ventures | Pantera Capital; Aave; Coinbase Ventures; Peyman Momeni; StarkWare Industries | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Polygon investments and their VC round multiples. Start Free Trial | |||||
Polygon Competitors
Polygon competitors include listed companies like Sharplink and Securitize, and private ones like 21.co, Aptos, Babel Finance and CertiK.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $28M | ($734M) | $1.8B | 39.9x | ||
| Publicly listed | $62M | ($34M) | $1.5B | 22.2x |
Polygon Public Comps
Polygon is still privately-owned, but its public comps include GIMV, Georgia Capital, China-Singapore Suzhou, Sharplink, Kinnevik, Bure Equity, Molten Ventures, Fairfax India Holdings, Antin Infrastructure Partners and Securitize.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $361M | - | 6.2x | - | - | - | |||
| $730M | - | 2.5x | - | - | - | |||
| $479M | $331M | 7.1x | 7.3x | 10.3x | 12.1x | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| ($392M) | ($512M) | (5.0x) | - | (3.8x) | (16.6x) | |||
| $27M | ($476M) | 83.5x | - | (4.8x) | - | |||
| $200M | $178M | 8.9x | 8.6x | 10.0x | 10.4x | |||
| $609M | - | 4.0x | - | - | - | |||
This data is available for Pro users. Sign up to see all Polygon competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Polygon
| When was Polygon founded? | Polygon was founded in 2017. |
| Where is Polygon headquartered? | Polygon is headquartered in New York City, NY, United States. |
| Is Polygon publicly listed? | No, Polygon is a private, VC-backed company. |
| What is Polygon's valuation? | Polygon was last valued at $2B in its ico round in February 2022. |
| How much funding has Polygon raised? | Polygon has raised $452M across 3 funding rounds. |
| What was Polygon's last funding round? | Polygon's last funding round was a $450M ico round in February 2022, led by Peak XV Partners. |
| Who are Polygon's investors? | Polygon's investors include John Lilic, ZBS CAPITAL, Coinbase Ventures, Mark Cuban, Peak XV Partners and Shinhan Venture Investment. |
| Which companies are comparable to Polygon? | Companies comparable to Polygon include 21.co, Aptos, Babel Finance, CertiK, Sharplink and Securitize. |
| How many companies has Polygon acquired? | Polygon has acquired 6 companies, including Sequence, Coinme, Toposware, All Consulting Service and Mir Protocol. |
| What was the largest acquisition by Polygon? | The $400M acquisition of Mir Protocol in December 2021 is the largest acquisition Polygon has made to date. |
| How many companies has Polygon invested in? | Polygon has invested in 76 companies, including Open Campus, Guild, Billions Network, Symbiotic, Kratos Gamer Network (KGeN), Moonveil Entertainment, Pentagon Games and Quantlytica. |
| What was Polygon's last investment? | In October 2025, Polygon invested in Open Campus' $5M seed round alongside Caladan, Animoca Brands, GameFi Ventures and 4 other investors. |
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