{"id":57314,"date":"2022-02-07T19:02:31","date_gmt":"2022-02-07T17:02:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57314"},"modified":"2025-09-04T11:06:28","modified_gmt":"2025-09-04T08:06:28","slug":"polygon-raises-450-million-from-sequoia-capital-and-other-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/polygon-raises-450-million-from-sequoia-capital-and-other-investors\/","title":{"rendered":"Polygon raises $450 million from Sequoia Capital and other investors"},"content":{"rendered":"<p>The Polygon team has raised $450 million from Sequoia Capital India with participation from more than 40 venture investors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Polygon?src=hash&#038;ref_src=twsrc%5Etfw\">#Polygon<\/a> is now backed by the best. It&#8217;s truly reflective of the common vision of the many in making web3 the choice of the billions.<a href=\"https:\/\/twitter.com\/hashtag\/WAGMI?src=hash&#038;ref_src=twsrc%5Etfw\">#WAGMI<\/a>\ud83d\udc9c<a href=\"https:\/\/t.co\/LgG1OSRvEz\">https:\/\/t.co\/LgG1OSRvEz<\/a><\/p>\n<p>\u2014 Polygon | $MATIC \ud83d\udc9c (@0xPolygon) <a href=\"https:\/\/twitter.com\/0xPolygon\/status\/1490739661656178688?ref_src=twsrc%5Etfw\">February 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Tiger Global and SoftBank, via Vision Fund 2, as well as Galaxy Digital, Republic Capital, Makers Fund, Alameda Research, Sino Global Capital, billionaire Alan Howard, Reddit co-founder Alexis Ohanian, Animoca Brands, Spartan Fund, Dragonfly Capital, TV personality Kevin O\u2019Leary and others participated in the round.<\/p>\n<p>The funds will be used to develop its solutions and deploy Web 3.0 applications.<\/p>\n<p>The native MATIC token reacted sharply to the news. At the time of writing the coin was trading at around $1.98, up 16.6% over the last 24 hours, according to <a href=\"https:\/\/www.coingecko.com\/ru\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"580\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/MATICUSDT_2022-02-07_18-57-29-1024x580.png\" alt=\"Polygon \u043f\u0440\u0438\u0432\u043b\u0435\u043a $450 \u043c\u043b\u043d \u043e\u0442 Sequoia Capital \u0438 \u0434\u0440\u0443\u0433\u0438\u0445 \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u043e\u0432\" class=\"wp-image-164339\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/MATICUSDT_2022-02-07_18-57-29-1024w, https:\/\/u1f987.com\/wp-content\/uploads\/MATICUSDT_2022-02-07_18-57-29-300x170.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/MATICUSDT_2022-02-07_18-57-29-768x435.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/MATICUSDT_2022-02-07_18-57-29.png 1086w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption><meta charset=\"utf-8\">MATIC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/MATICUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p><meta charset=\"utf-8\">In late 2021 TechCrunch, citing sources, reported plans for Polygon <a href=\"https:\/\/u1f987.com\/en\/news\/media-reports-that-polygon-plans-to-raise-up-to-150-million-in-venture-funding\">to raise up to $150 million in venture investments<\/a>. Among the participants in the potential deal to invest in <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-polygon-matic\">the network of second\u2011level security solutions<\/a> and autonomous sidechains, the publication named Sequoia Capital India and Steadview Capital.<\/p>\n<p>Earlier in 2021, Polygon acquired the Mir Protocol startup, which was developing the Plonky2 protocol. The deal was worth $400 million.<\/p>\n<p>As a result of the rebrand, Mir Protocol became Polygon Zero. In January 2022, the Polygon team unveiled the <a href=\"https:\/\/u1f987.com\/en\/news\/polygon-unveils-scaling-solution-for-plonky2\">solution for scaling Plonky2<\/a> based on zero\u2011knowledge proofs.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Polygon project team raised $450 million from Sequoia Capital India with participation from more than 40 venture investors. TechCrunch reports.<\/p>\n","protected":false},"author":1,"featured_media":57315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1264,1133],"class_list":["post-57314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-polygon-matic","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=57314"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57314\/revisions"}],"predecessor-version":[{"id":57316,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/57314\/revisions\/57316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/57315"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=57314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=57314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=57314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}