Mode VC
California

Polychain Capital

Polychain Capital, based in California, leads Seed to Series B rounds in Crypto and Web3 with checks ranging from $1 million to over $30 million.

Website
Entry stageSeed, Series A, Series B
Check size$1M to $30M+
Leads roundsYes
FocusCrypto
Latest fund$200 (2023)$200 million Polychain Ventures IV (2023)
Investing team3 peopleNo activity since Sep

Who you would pitch at Polychain Capital

3 people on the investing team, 3 of them partners who can make the call. Partners are listed first.

Josh RosenthalGeneral Partner & Portfolio ManagerHe works with a firm that invests in various technology sectors.
Olaf Carlson-WeeFounder & CEOHe previously worked at Coinbase as its first employee and Head of Risk.
Henry H.Research Partner

Work here and something is wrong? Ask for a correction.

Writes $1M to $30M+ checks. Its smallest check is larger than 83% of firms in the atlas.

Bars: how many firms in the atlas report each band. Highlighted: this firm.

No recent activity since September 2026. Quiet does not mean closed.

Weekly count of activity updates. Activity is not a confirmed deal.

Before you pitch

Ownership target7-10%
How to reach them[email protected]
Founders and investors at a Mode VC gathering

Send Mode VC your deck

Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.

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Alert me when Polychain Capital is active

One email when this firm shows new activity. Nothing else.

Firms like Polychain Capital

Foundation Capital$1M to $30M+ · active Sep 25
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Electric Capital$1M to $30M
Griffin Gaming Partners$1M to $30M+ · active Sep 24
Pantera Capital$1M to $30M
Dragonfly$3M to $30M+

On these lists

Seed crypto investors in California46Series A crypto investors in California29Series B crypto investors in California10Seed investors in United States2836Series A investors in United States1790Seed investors in California699Series B investors in United States563Series A investors in California480

Questions

What stage does Polychain Capital invest in?

Polychain Capital reports entry at seed, series a, series b.

How much does Polychain Capital invest?

Polychain Capital reports checks of $1M to $30M+.

Does Polychain Capital lead rounds?

Yes. Polychain Capital says it can lead.

Who are the partners at Polychain Capital?

Josh Rosenthal (General Partner & Portfolio Manager), Olaf Carlson-Wee (Founder & CEO), Henry H. (Research Partner).

Is Polychain Capital active right now?

No recent activity since September 2026.

Work at Polychain Capital? Claim or correct this profile.