Polygon valuation, funding and investors

Polygon works in blockchain infrastructure development, based in Cayman Islands. Founded in 2017, it has about 366 employees.

Cryptocurrency Growth Equity

VALUATION · TODAY

$4.14B −4% after Growth

Range $1.41B – $21.92B · Grade D

TODAY

+12 MO

$10.00B

$20.00B

$30.00B

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Growth $450M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY366 employees

−9%6m growth

−15%1y growth

−22%2y growth

250

500

750

Data from Jan 2023

TODAY

Predicted in 1 yr $3.97B −4% vs today

Predicted next raise $2.28B if a round comes

Winding-down probability 81%

Last round: Growth · $450M · Feb 2022
Valuation at last round: $20.00B
Headcount: 366 · down
Grade: D
Founded: 2017

How VCMC values companies →

Polygon valuation today

VCMC values Polygon at $4.1B today, with a range of $1.4B to $21.9B and a grade of D. The valuation starts from its last funding round, a growth round in Feb 2022.

Valuation by date (120 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Polygon: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2017	$4.31M	$1.57M – $11.8M	$5.91M (+37%)	before first round	–	unknown	D	0%
1 Feb 2017	$4.43M	$1.61M – $12.2M	$6.07M (+37%)	before first round	–	unknown	D	0%
1 Mar 2017	$4.54M	$1.65M – $12.5M	$6.22M (+37%)	before first round	–	unknown	D	0%
1 Apr 2017	$4.66M	$1.70M – $12.8M	$6.39M (+37%)	before first round	–	unknown	D	0%
1 May 2017	$4.78M	$1.74M – $13.1M	$6.56M (+37%)	before first round	–	unknown	D	0%
1 Jun 2017	$4.91M	$1.79M – $13.5M	$6.73M (+37%)	before first round	–	unknown	D	0%
1 Jul 2017	$5.04M	$1.83M – $13.8M	$6.91M (+37%)	before first round	–	unknown	D	0%
1 Aug 2017	$5.18M	$1.88M – $14.2M	$7.10M (+37%)	before first round	–	unknown	D	0%
1 Sep 2017	$5.32M	$1.94M – $14.6M	$7.29M (+37%)	before first round	–	unknown	D	0%
1 Oct 2017	$5.46M	$1.99M – $15.0M	$7.48M (+37%)	before first round	–	unknown	D	0%
1 Nov 2017	$5.61M	$2.04M – $15.4M	$7.68M (+37%)	before first round	–	unknown	D	0%
1 Dec 2017	$5.75M	$2.09M – $15.8M	$7.89M (+37%)	before first round	–	unknown	D	0%
1 Jan 2018	$5.91M	$2.15M – $16.2M	$8.10M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$6.07M	$2.21M – $16.7M	$8.32M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$6.22M	$2.26M – $17.1M	$8.53M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$6.39M	$2.33M – $17.5M	$8.76M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$6.56M	$2.39M – $18.0M	$8.99M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$6.73M	$2.45M – $18.5M	$9.23M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$6.91M	$2.52M – $19.0M	$9.47M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$7.10M	$2.58M – $19.5M	$9.57M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$7.29M	$2.65M – $20.0M	$9.66M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$7.48M	$2.72M – $20.6M	$9.74M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$7.68M	$2.80M – $21.1M	$9.83M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$7.89M	$2.87M – $21.7M	$9.92M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$8.10M	$2.95M – $22.3M	$10.0M (+24%)	before first round	–	unknown	D	0%
1 Feb 2019	$8.32M	$3.03M – $22.9M	$10.1M (+21%)	before first round	–	unknown	D	0%
1 Mar 2019	$8.53M	$3.10M – $23.4M	$10.2M (+19%)	before first round	–	unknown	D	0%
1 Apr 2019	$8.76M	$3.19M – $24.1M	$10.3M (+17%)	before first round	–	unknown	D	0%
1 May 2019	$8.99M	$3.27M – $24.7M	$10.4M (+15%)	before first round	–	unknown	D	0%
1 Jun 2019	$9.23M	$3.36M – $25.4M	$10.5M (+13%)	before first round	–	unknown	D	0%
1 Jul 2019	$9.47M	$3.45M – $26.0M	$10.6M (+11%)	before first round	–	unknown	D	0%
1 Aug 2019	$9.57M	$3.48M – $26.3M	$10.7M (+11%)	before first round	–	unknown	D	0%
1 Sep 2019	$9.66M	$3.52M – $26.5M	$10.8M (+11%)	before first round	–	unknown	D	0%
1 Oct 2019	$9.74M	$3.55M – $26.8M	$10.9M (+11%)	before first round	–	unknown	D	0%
1 Nov 2019	$9.83M	$3.58M – $27.0M	$11.0M (+11%)	before first round	–	unknown	D	0%
1 Dec 2019	$9.92M	$3.61M – $27.2M	$11.0M (+11%)	before first round	–	unknown	D	0%
1 Jan 2020	$10.0M	$3.64M – $27.5M	$11.2M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$10.1M	$3.68M – $27.8M	$11.3M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$10.2M	$3.71M – $28.0M	$11.3M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$10.3M	$3.74M – $28.2M	$11.5M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$10.4M	$3.78M – $28.5M	$11.6M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$10.5M	$3.81M – $28.8M	$11.7M (+11%)	before first round	–	unknown	D	0%
1 Jul 2020	$10.6M	$3.85M – $29.0M	$11.8M (+11%)	before first round	–	unknown	D	0%
1 Aug 2020	$10.7M	$3.88M – $29.3M	$11.9M (+11%)	before first round	–	unknown	D	0%
1 Sep 2020	$10.8M	$3.92M – $29.6M	$12.0M (+11%)	before first round	–	unknown	D	0%
1 Oct 2020	$10.9M	$3.95M – $29.8M	$12.1M (+11%)	before first round	–	unknown	D	0%
1 Nov 2020	$11.0M	$3.99M – $30.1M	$12.2M (+11%)	before first round	–	unknown	D	0%
1 Dec 2020	$11.1M	$4.02M – $30.4M	$12.3M (+11%)	before first round	–	unknown	D	0%
1 Jan 2021	$11.2M	$4.06M – $30.6M	$12.4M (+11%)	before first round	–	unknown	D	0%
1 Feb 2021	$11.3M	$4.10M – $30.9M	$12.5M (+11%)	before first round	–	unknown	D	0%
1 Mar 2021	$11.3M	$4.13M – $31.2M	$12.6M (+11%)	before first round	–	unknown	D	0%
1 Apr 2021	$11.4M	$4.17M – $31.5M	$12.7M (+11%)	before first round	–	unknown	D	0%
1 May 2021	$11.6M	$4.21M – $31.7M	$12.8M (+11%)	before first round	–	unknown	D	0%
1 Jun 2021	$11.7M	$4.24M – $32.0M	$12.9M (+10%)	before first round	–	unknown	D	0%
1 Jul 2021	$11.8M	$4.28M – $32.3M	$13.0M (+10%)	before first round	–	unknown	D	0%
1 Aug 2021	$11.9M	$4.32M – $32.6M	$13.1M (+10%)	before first round	–	unknown	D	0%
1 Sep 2021	$12.0M	$4.36M – $32.9M	$13.2M (+10%)	before first round	–	unknown	D	0%
1 Oct 2021	$12.1M	$4.40M – $33.2M	$13.3M (+10%)	before first round	–	unknown	D	0%
1 Nov 2021	$12.2M	$4.44M – $33.5M	$13.4M (+10%)	before first round	–	unknown	D	0%
1 Dec 2021	$12.3M	$4.48M – $33.8M	$13.5M (+9%)	before first round	–	unknown	D	0%
1 Jan 2022	$12.4M	$4.52M – $34.1M	$13.6M (+9%)	before first round	–	unknown	D	0%
1 Feb 2022	$12.5M	$4.55M – $34.4M	$13.7M (+9%)	before first round	–	unknown	D	0%
8 Feb 2022	$20.0B	$17.4B – $25.3B	$22.0B (+10%)	after a round	–	unknown	A	0%
1 Mar 2022	$20.1B	$17.4B – $25.3B	$22.0B (+9%)	after a round	–	unknown	A	0%
1 Apr 2022	$20.3B	$17.4B – $25.3B	$22.0B (+8%)	after a round	–	unknown	A	0%
1 May 2022	$20.4B	$17.4B – $25.3B	$22.0B (+8%)	after a round	–	unknown	A	0%
1 Jun 2022	$20.6B	$17.4B – $25.3B	$22.0B (+7%)	after a round	–	unknown	A	0%
1 Jul 2022	$20.8B	$17.4B – $25.3B	$22.0B (+6%)	after a round	–	unknown	A	0%
1 Aug 2022	$20.9B	$17.4B – $25.3B	$22.0B (+5%)	after a round	–	unknown	A	0%
1 Sep 2022	$21.1B	$17.4B – $25.3B	$22.0B (+4%)	after a round	–	unknown	A	0%
1 Oct 2022	$21.3B	$17.4B – $25.3B	$22.0B (+3%)	after a round	–	unknown	A	0%
1 Nov 2022	$21.4B	$17.4B – $25.3B	$22.0B (+3%)	after a round	–	unknown	A	0%
1 Dec 2022	$21.6B	$17.4B – $25.3B	$22.0B (+2%)	after a round	–	unknown	A	0%
1 Jan 2023	$21.8B	$17.4B – $25.3B	$22.0B (+1%)	after a round	600	unknown	A	0%
1 Feb 2023	$22.0B	$17.4B – $25.3B	$22.0B (0%)	after a round	600	unknown	A	0%
1 Mar 2023	$22.0B	$16.8B – $25.3B	$22.0B (0%)	after a round	600	unknown	A	0%
1 Apr 2023	$22.0B	$15.9B – $25.3B	$22.0B (0%)	after a round	600	unknown	A	0%
1 May 2023	$22.0B	$15.2B – $25.3B	$22.0B (0%)	after a round	600	unknown	A	0%
1 Jun 2023	$22.0B	$14.4B – $25.3B	$22.0B (0%)	after a round	600	unknown	A	0%
1 Jul 2023	$22.0B	$13.7B – $25.3B	$22.0B (0%)	after a round	600	unknown	B	0%
1 Aug 2023	$22.0B	$13.0B – $25.3B	$22.0B (0%)	after a round	600	unknown	B	0%
1 Sep 2023	$22.0B	$12.4B – $25.3B	$22.0B (0%)	after a round	600	unknown	B	0%
1 Oct 2023	$20.8B	$11.8B – $25.0B	$19.4B (-7%)	after a round	580	flat	B	17%
1 Nov 2023	$20.7B	$11.2B – $25.0B	$19.3B (-7%)	after a round	580	flat	B	17%
1 Dec 2023	$20.6B	$10.7B – $25.1B	$19.2B (-7%)	after a round	580	flat	B	17%
1 Jan 2024	$20.5B	$10.1B – $25.1B	$19.1B (-7%)	after a round	580	flat	B	17%
1 Feb 2024	$17.2B	$9.6B – $24.6B	$13.5B (-21%)	after a round	530	down	B	56%
1 Mar 2024	$15.4B	$9.2B – $24.5B	$10.9B (-29%)	after a round	520	down	B	69%
1 Apr 2024	$15.0B	$8.7B – $24.6B	$10.6B (-30%)	after a round	520	down	B	69%
1 May 2024	$14.7B	$8.3B – $24.7B	$10.3B (-30%)	after a round	520	down	B	69%
1 Jun 2024	$14.4B	$7.9B – $24.7B	$10.0B (-31%)	after a round	520	down	B	69%
1 Jul 2024	$14.1B	$7.5B – $24.8B	$9.7B (-31%)	after a round	520	down	B	69%
1 Aug 2024	$11.4B	$7.2B – $24.7B	$6.9B (-40%)	after a round	470	down	C	97%
1 Sep 2024	$11.0B	$6.8B – $24.8B	$6.6B (-40%)	after a round	470	down	C	97%
1 Oct 2024	$10.7B	$6.5B – $24.9B	$6.4B (-40%)	after a round	470	down	C	97%
1 Nov 2024	$10.3B	$6.1B – $25.0B	$6.1B (-41%)	after a round	450	down	C	97%
1 Dec 2024	$10.0B	$5.9B – $25.1B	$5.9B (-41%)	after a round	450	down	C	97%
1 Jan 2025	$9.7B	$5.6B – $25.2B	$5.7B (-41%)	after a round	450	down	C	97%
1 Feb 2025	$9.4B	$5.3B – $25.3B	$5.5B (-42%)	after a round	450	down	C	97%
1 Mar 2025	$8.3B	$5.0B – $20.9B	$5.6B (-32%)	after a round	450	down	C	97%
1 Apr 2025	$8.0B	$4.8B – $20.8B	$5.4B (-32%)	after a round	450	down	C	97%
1 May 2025	$8.3B	$4.6B – $20.9B	$5.8B (-30%)	after a round	450	down	C	89%
1 Jun 2025	$8.6B	$4.3B – $21.0B	$6.1B (-29%)	after a round	450	down	C	83%
1 Jul 2025	$7.1B	$4.1B – $20.3B	$4.9B (-32%)	after a round	429	down	C	97%
1 Aug 2025	$6.9B	$3.9B – $20.2B	$4.7B (-31%)	after a round	430	down	C	97%
1 Sep 2025	$7.2B	$3.7B – $20.3B	$5.1B (-29%)	after a round	430	down	C	89%
1 Oct 2025	$7.6B	$3.6B – $20.4B	$5.5B (-28%)	after a round	430	flat	C	82%
1 Nov 2025	$8.0B	$3.4B – $20.5B	$6.0B (-26%)	after a round	433	flat	C	76%
1 Dec 2025	$8.4B	$3.2B – $20.6B	$6.4B (-24%)	after a round	433	flat	C	70%
1 Jan 2026	$8.8B	$3.1B – $20.6B	$7.0B (-20%)	after a round	433	flat	C	64%
1 Feb 2026	$9.1B	$2.9B – $20.7B	$7.6B (-17%)	after a round	433	flat	C	59%
1 Mar 2026	$9.8B	$2.8B – $22.6B	$8.2B (-17%)	after a round	402	down	D	54%
1 Apr 2026	$10.2B	$2.6B – $22.6B	$8.8B (-14%)	after a round	402	down	D	50%
1 May 2026	$7.7B	$2.5B – $22.4B	$6.4B (-17%)	after a round	388	down	D	69%
1 Jun 2026	$8.1B	$2.4B – $22.4B	$7.0B (-14%)	after a round	388	down	D	64%
1 Jul 2026	$8.5B	$2.3B – $22.4B	$7.6B (-11%)	after a round	388	down	D	59%
1 Aug 2026	$8.2B	$2.2B – $22.3B	$7.4B (-9%)	after a round	389	flat	D	60%
1 Sep 2026	$7.0B	$2.0B – $22.2B	$6.4B (-8%)	after a round	376	down	D	69%
1 Oct 2026	$5.6B	$2.0B – $22.0B	$5.3B (-7%)	after a round	366	down	D	81%
24 Oct 2026	$4.1B	$1.4B – $21.9B	$4.0B (-4%)	after a round	366	down	D	81%

Key facts about Polygon

Founded: 2017
Headquarters: Cayman Islands
Employees: about 366 -15% in a year
Total raised: $450M
Funding rounds: 1
Last round: Growth Equity Feb 2022

Polygon was founded in 2017 by Anurag Arjun, Jaynti Kanani, Mihailo Bjelic and Sandeep Nailwal.

Polygon funding history

Polygon has 1 funding round on record, from Feb 2022 to Feb 2022, $450M in total. The latest disclosed valuation is $20.00B post-money (Growth Equity, Feb 2022).

Growth Equity 7 Feb 2022
Led by Sequoia Capital India; with SoftBank Vision Fund, Tiger Global, Galaxy, Republic Capital, Alameda Research, Seven Seven Six, Makers Fund, Animoca Brands, Spartan Fund, Dragonfly, Variant, Sino Global Capital, Steadview Capital, Unacademy, Elevation Capital, Transcend Fund, Scopely, Dune Ventures, Union Square Ventures, Digital Currency Group, Standard Crypto, Celsius, Blue Pool Capital, Workplay Ventures, Third Point, Accel. Individuals: Kevin O'Leary.
Sources: techfundingnews.com, polygon.technology, techfundingnews.com and 3 more
$450M
$20.00B post-money

Polygon investors

27 investors have backed Polygon; Sequoia Capital India led at least one round.

Sequoia Capital India lead
Accel
Alameda Research
Animoca Brands
Blue Pool Capital
Celsius
Galaxy
Republic Capital
Scopely
Seven Seven Six
Sino Global Capital
SoftBank Vision Fund
Spartan Fund
Tiger Global
Unacademy
Union Square Ventures

What Polygon does

Polygon works in cryptocurrency, with 14 recorded offerings and customers in blockchain technology and financial services.

Polygon Labs UI (Cayman) Ltd. is a Cayman Islands company that operates as a blockchain infrastructure provider, offering solutions in global payments, decentralized finance (DeFi), and stablecoin and real-world asset integration. The company develops and manages a Layer-2 blockchain network compatible with Ethereum, utilizing proof-of-stake consensus and zkEVM architecture. Polygon also provides a unified liquidity and interoperability platform for decentralized applications, and supports a network of decentralized applications and smart contracts. The company is certified for compliance and sustainability, with a focus on carbon neutrality and a carbon negative roadmap.

Description from Veridion's company data.

Products and services

Blockchain Infrastructure Development
Layer-2 Blockchain Network Deployment
Multi-Chain Integration Solutions
Proof-of-Stake Consensus Implementation
zkEVM Architecture Development
Smart Contract Deployment and Management
Unified Liquidity Solutions
Decentralized Application Ecosystem Expansion
Stablecoin Issuance and Management
Real-World Asset Tokenization Services
DeFi Platform Solutions
Blockchain Interoperability Solutions
Carbon Neutral Blockchain Infrastructure Deployment
Developer and Partner Ecosystem Services

Markets

Blockchain Technology
Financial Services

Technology

zkEVM Architecture
Merkle Tree-Based Transaction Commitment
Proof-of-Stake Consensus Mechanism
Decentralized Application (dApp) Network
Smart Contract Deployment

Business model

Business-to-Business
Software-as-a-Service
Enterprise

Industry codes (NAICS)

541511 Custom Computer Programming Services 70% match
518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services 30% match

Questions about Polygon

What is Polygon worth?

Valuation $4.1B (range $1.4B to $21.9B), as of 24 Oct 2026. The last disclosed valuation was $20.00B (Growth Equity, Feb 2022).

Has Polygon raised money?

Polygon has 1 funding round on record, from Feb 2022 to Feb 2022, $450M in total. The latest disclosed valuation is $20.00B post-money (Growth Equity, Feb 2022).

Who has invested in Polygon?

Sequoia Capital India, Accel, Alameda Research, Animoca Brands, Blue Pool Capital and Celsius, and 21 more. Lead investors include Sequoia Capital India.

How many people work at Polygon?

About 366, down 15% over the last year. Headcount fell from 600 in Jan 2023 to 366 in Sep 2026.

What does Polygon do?

Polygon works in cryptocurrency, with 14 recorded offerings and customers in blockchain technology and financial services. Its main offerings are blockchain infrastructure development, layer-2 blockchain network deployment and multi-chain integration solutions.

When was Polygon founded, and where is it based?

Polygon was founded in 2017 and is based in Cayman Islands. It has about 366 employees, down 15% over the last year.

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