Last cheque observed Sep 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.
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What they say, and what they did
They say
Type
VC firm
Cheque size
not stated
Stages
not stated
Cold pitches
not stated
From their own site: “Polymorphic Capital is the application-centric Web3 VC”
We observed
Rounds they appear in
3 (0 led)
Median round size
$16M not their cheque
Sole named investor
never
Last seen
Sept 2025
An announcement gives the size of the round, not the size of this investor's cheque. The only rounds that imply a cheque are those where they were the sole named investor.