- Companies
- Polyhedra Network
Polyhedra Network Valuation, Funding & Investors
Polyhedra Network is valued at $1B as of March 2024.
Last Polyhedra Network valuation
$1B
Series A · Mar 2024
Last Polyhedra Network funding round
$20M
Series A · Mar 2024
Cumulative funding Polyhedra Network raised
$45M
across 3 funding rounds
Key investors in Polyhedra Network
Polychain
Animoca Brands
YZi Labs
HashKey Capital
MH Ventures
UOB Venture
About Polyhedra Network
Polyhedra Network is a Hong Kong-based Web3 infrastructure provider utilizing zero-knowledge proofs for cross-chain interoperability. Its zkBridge facilitates seamless asset transfers and communication between layer-1 and layer-2 blockchains like Ethereum and Polygon. Developers build secure decentralized applications with the platform's interoperability kit, supporting over 30 chains. Launched in 2021, Polyhedra powers protocols handling billions in transaction volume monthly.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Valuation
$1B (Mar 2024)
Polyhedra Network Valuation
Polyhedra Network is currently valued at $1B, based on its Series A in March 2024.
The $20M round was led by Polychain, with participation from MH Ventures, Symbolic Capital, LongHash Ventures, Animoca Brands, Web3Port and 5 other investors.
Polyhedra Network's valuation has moved from $1B at its Series A in April 2023 to $1B in March 2024, across 2 priced rounds.
Polyhedra Network valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2024 | Series A | $1B |
| Apr 2023 | Series A | $1B |
Polyhedra Network Funding History
Polyhedra Network has raised a total of $45M across 3 funding rounds.
Polyhedra Network's first fundraising round was a $10M seed round in February 2023. The most recent completed round was a $20M Series A in March 2024.
Polyhedra Network funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2024 | Series A | Polychain (lead); MH Ventures; Symbolic Capital; LongHash Ventures; Animoca Brands; Web3Port; ArkStream Capital; UOB Venture; Emirates Consortium; Mapleblock Capital; HashKey Capital | $20M | $1B | Polyhedra Network is a Web3 infrastructure provider that has developed zkBridge, a zero-knowledge interoperability protocol enabling cross-chain transactions with enhanced security and scalability. The company leverages zero-knowledge proofs to verify blockchain statements and facilitate trust-minimized interoperability across blockchains. In its fifth fundraising round, Polyhedra closed a $20 million strategic financing on March 14, 2024, led by Polychain Capital with participation from Animoca Brands, Emirates Consortium, Mapleblock Capital, HashKey Capital, UoB Ventures, Symbolic Capital, LongHash Ventures, MH Ventures, Arkstream Capital, and Web3Port Foundation. The round valued the company at $1 billion USD, achieving unicorn status. Polyhedra announced plans to deploy the capital for global expansion and team growth, with the company aiming to expand from 50 employees to approximately 80 by year-end 2024. By the time of the funding round, zkBridge had facilitated over 20 million cross-chain transactions and generated over 40 million zero-knowledge proofs across 25+ blockchains, including millions of messages sent using the LayerZero protocol. The company positions itself as a leading institution in zero-knowledge technology and trust-minimized interoperability, with the funding bringing total raised to $75 million across its five funding rounds completed over two years. |
| Apr 2023 | Series A | Polychain (lead) | $15M | $1B | - |
| Feb 2023 | Seed | Polychain (lead); YZi Labs (lead) | $10M | - | Polyhedra Network raised $10 million in a Strategic funding round on February 21, 2023, led by Polychain Capital and YZi Labs. This was one of four funding rounds, following a total raised of $45 million across rounds including a Pre-A of $15 million in April 2023, Series A in January 2024, and a $20 million round in March 2024 that valued the company at $1 billion. Polyhedra Network develops zero-knowledge proof infrastructure, including zkBridge for cross-chain interoperability connecting over 25 blockchains and securing millions of transactions. |
Who has invested in Polyhedra Network?
12 investors have backed Polyhedra Network across its funding rounds, including Polychain, Animoca Brands, YZi Labs, HashKey Capital, MH Ventures and UOB Venture.
Lead investors include Polychain and YZi Labs.
Polyhedra Network Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Feb 2023 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Lead | Feb 2023 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
This data is available for Pro users. Sign up to see all 12 Polyhedra Network investors. Start Free Trial | ||||
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 TrialPolyhedra Network Competitors
Polyhedra Network competitors include listed companies like TRS Information Technology and Transwarp, and private ones like Hyperchain Technologies, Unmarshal, Taiko Labs and Zama.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $978M | - | ||
| Private | - | - | $600M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x | ||
| Publicly listed | $67M | ($31M) | $1.9B | 28.0x |
Polyhedra Network Public Comps
Polyhedra Network is still privately-owned, but its public comps include HashKey Holdings, e-Hualu, BitGo Holdings, OSL Group, Indokripto Koin Semesta, Rhino Bitcoin, Securitize, Stewards, BTQ Technologies and Zhongfu Information.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| - | - | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Polyhedra Network competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Polyhedra Network
| When was Polyhedra Network founded? | Polyhedra Network was founded in 2022. |
| Where is Polyhedra Network headquartered? | Polyhedra Network is headquartered in Singapore, Singapore. |
| Is Polyhedra Network publicly listed? | No, Polyhedra Network is a private, VC-backed company. |
| What is Polyhedra Network's valuation? | Polyhedra Network was last valued at $1B in its Series A in March 2024. |
| How much funding has Polyhedra Network raised? | Polyhedra Network has raised $45M across 3 funding rounds. |
| What was Polyhedra Network's last funding round? | Polyhedra Network's last funding round was a $20M Series A in March 2024, led by Polychain. |
| Who are Polyhedra Network's investors? | Polyhedra Network's investors include Polychain, MH Ventures, Symbolic Capital, LongHash Ventures, Animoca Brands, Web3Port, YZi Labs, ArkStream Capital, UOB Venture, Emirates Consortium and 2 others. |
| Which companies are comparable to Polyhedra Network? | Companies comparable to Polyhedra Network include Hyperchain Technologies, Unmarshal, Taiko Labs, Zama, TRS Information Technology and Transwarp. |
See companies similar to Polyhedra Network
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




