Polygon funding, investors and company details

Polygon is an emerging Information Technology - Data Solutions startup from Mumbai, working in the space of It enable seamless asset transfer and interaction across different blockchains, improving the overall user experience. Founded by Jaynti Kanani, Anurag Arjun, Mihailo Bjelic, Daniel Lubarov, Antoni Martin.

Company: Matic-network India Llp
Sector: Information Technology - Data Solutions
Location: Mumbai
Founders: Jaynti Kanani, Anurag Arjun, Mihailo Bjelic, Daniel Lubarov, Antoni Martin
Total funding raised: ₹3,397.05 Cr

Company overview

Polygon provides Ethereum-compatible Layer 2 scaling solutions, supporting over 50,000 decentralized apps through technologies like zkEVM, Optimistic Rollups, and Polygon CDK for custom chains. Its native token POL (previously MATIC) powers transactions, staking, and governance on a Proof-of-Stake network processing 10,000+ TPS with Ethereum security. Backed by partnerships with Nike, Starbucks, and Google Cloud, it has evolved into Polygon 2.0, focusing on AggLayer for cross-chain liquidity and enterprise payments. Polygon solves blockchain's scalability trilemma by enabling fast, low-cost transactions (up to 90% fee reduction) while maintaining decentralization and security for DeFi, NFTs, gaming, and Web3 apps. It aims to onboard billions via modular infrastructure, zero-knowledge proofs, and sovereign chains, targeting 1% global GHG reduction through efficient scaling.

Funding rounds

Latest round (Series B): $ 450.00 Mn (₹3,397.05 Cr.), 2022-02-08. Investors: Sequoia Capital India, Tiger Global, SoftBank, Galaxy Digital, Republic Capital, Alameda Research, Makers Fund, Alan Howard, Alexis Ohanian, Steadview Capital, Elevation Capital, Animoca Brands, Spartan Fund, Dragonfly Capital, Variant Fund, Kevin O’Leary