Polygen Raises $2.3 Million Through a Fundraising Investment Round
Polygen’s approach of bringing a truly decentralised launchpad ensuring transparency and automation while removing gatekeepers and intermediaries has attracted significant investor interest. Through a fundraising investment round, Polygen has raised $2.3 million from leading industry players.
Polygen was built for launchpads and projects just like Uniswap was built for tokens. It is a completely decentralized launchpad that drives ‘real innovation with real community.’ Built on the Polygon blockchain platform, Polygen facilitates fair access and opportunities for crypto projects to conduct efficient and transparent fundraising. Hence, any project can potentially raise funds on Polygen without any restrictions.
The round had various investors and was led by SL2 Capital, followed by 18 Ventures, Twin Apex Capital, AU21, Polygon Syndicate, ZBS Capital, and Pluto Digital. Other participants include Iconomy, Insignius Capital, NetZero Capital, Maven Capital, Woodstock Capital, Sky Man Ventures, Lumos labs, NewTribe Capital, Tokenova, Moonboots Capital, Girnas Capital, Extra Watts, LD Ventures, LucidBlue Ventures, GSR, and Amplio Capital.
An Insignius Capital representative commented:
Insignius Capital is excited to embark upon this journey with Polygen. The current lack of transparency and decentralization shouldn’t be the norm for launchpads. As such, we are committed to supporting Polygen in bringing decentralization and efficiency back to the launchpad sphere. We look forward to a positive collaboration with the highly regarded Polygen team.
In the blockchain space, projects should not bow to the demands and interests of those who run the launchpad. Instead, it should be the other way round: the project and investors’ interests must be the number one priority. Polygen acknowledges this facet and removes the permissioned gatekeeper approach from the equation. As a result, its technology can be the Uniswap of launchpads, providing unparalleled and democratized access to launchpad services.
Through a truly decentralized approach, Polygen can help any project. For example, developers can list their projects and use event-based raise tokens rather than permanent tokens. That is a novel approach capable of suiting any project round model: seed, private, or public funding. Additionally, one can connect the different rounds to ensure people who believe in a project get the associated tokens.
Polygen’s primary selling point is how every step of the launchpad process occurs on-chain for optimal transparency. Additionally, the launchpad supports any type of raise, with tokens distributed to those who believe in a project. Finally, as any team or developer can list their venture, there will be broader access to potential investment opportunities, innovation, and competition. More importantly, it addresses the need for innovation and experimentation.
I am extremely excited to be part of the Polygen team. Our industry-first, decentralized launchpad with no gatekeepers, is generating a lot of excitement in the crypto ecosystem. Furthermore, I believe Polygen represents a step-change in launchpad fundraising with Projects able to raise funds with complete freedom to innovate and experiment
- Mike Hepburn
CEO, Polygen
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Polygen is the Project’s launchpad. We enable Projects to experiment and innovate with no gatekeepers- anyone can launch any project with no fees.
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