# Polymorphic Capital: portfolio, investments and team > Polymorphic Capital is a vc firm based in United States. 3 investments on record, latest Sept 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/polymorphic-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Polymorphic Capital Last cheque observed Sep 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet VC firm Series A Seed Web3 Defi Dexes Follow Polymorphic Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fpolymorphic-capital) Cheques on record **0%** of best year **0** **cheques in 12 months**, 3 on record Since the last cheque **412** days **00** hrs **00** min **00** sec Median round **$10M** Rounds led **0 of 3** Pitch Polymorphic Capital ## Polymorphic Capital highlights - 01 3 rounds on record - 02 Mostly Series A and Seed: 100% of its rounds ## What they do > Polymorphic Capital is the application-centric Web3 VC From their own website - **Type:** VC firm - **Cheque size:** Not stated - **Sectors:** Web3 Defi Dexes - **Based in:** Clayton, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **3 appearances** - **2025** 3 rounds - **Sept** **[Kredete](https://millionrounds.com/company/kredete)** Series A · NG · Disrupt Africa **$22M** With 6 others - **Jul** **[Freename](https://millionrounds.com/company/freename)** Series A · CH · Silicon Canals **$6.5M** With 8 others - **Feb** **[Mansa](https://millionrounds.com/company/mansa)** Seed · AE · TechCrunch **$10M** With 4 others 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. ## The team We hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **4** of 8 we have independently watched raise [Fairmath](https://millionrounds.com/company/fair-math)[Nevermined](https://millionrounds.com/company/nevermined)[Ownera](https://millionrounds.com/company/ownera)[Safe](https://millionrounds.com/company/safe) Insights Interface Mirror Riseworks Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## The cheque Series A Seed Median round joined **$10M** the round, not its cheque Led 0 of 3 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Sept 2025 Rounds by stage said on their site - Series A *2* - Seed *1* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Blockchain Founders Fund](https://millionrounds.com/fund/blockchain-founders-fund) 2 - [Founders Fund](https://millionrounds.com/fund/founders-fund) 2 **Pitching Polymorphic Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Polymorphic Capital. A count of rooms they were both in, not a relationship either has claimed. [**Blockchain Founders Fund** VC firm **2** rounds together](https://millionrounds.com/fund/blockchain-founders-fund)[**Founders Fund** VC firm **2** rounds together](https://millionrounds.com/fund/founders-fund) ## Recently backed The latest companies Polymorphic Capital put money into. [**Kredete** $22M · Sept 2025](https://millionrounds.com/company/kredete)[**Freename** $6.5M · Jul 2025](https://millionrounds.com/company/freename) ## Quick answers about Polymorphic Capital ### What does Polymorphic Capital invest in? Polymorphic Capital invests most often at Series A and Seed (100% of the rounds on record), in sectors such as Web3, Defi and Dexes. ### How active is Polymorphic Capital? 3 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2025. ### What has Polymorphic Capital invested in recently? Its most recent investments on record: Kredete (Series A, Sept 2025), Freename (Series A, Jul 2025) and Mansa (Seed, Feb 2025). ### How big are Polymorphic Capital's cheques? The median round it joins is $10M. ### Is Polymorphic Capital investing now? No investments in the last 12 months; the latest was in Sept 2025. ### Who does Polymorphic Capital invest alongside? Most often Blockchain Founders Fund (2 rounds together) and Founders Fund (2 rounds together). ### What kind of investor is Polymorphic Capital? Polymorphic Capital is a VC firm based in Clayton, United States. ### When was Polymorphic Capital founded? Polymorphic Capital was founded in 2021. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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