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Web3 Graveyard

Investors

Polychain Capital

Investment firm

Dead projects
12
Rounds led
4
Total announced
$169M
Latest round
Apr 2024

Rounds

ProjectRoundDateAnnounced
MilkyWayDeadSeedLeadApr 2024$5M
Everclear (formerly Connext)DeadStrategic roundJun 2023$7.5M
Saddle FinanceDeadNovember 2021 roundLeadNov 2021$7.5M
AscendEXDeadSeries BLeadNov 2021$50M
Nifty'sDeadSeedJul 2021$10M
Nifty'sDeadPre-seedMar 2021Unknown
Saddle FinanceDeadSeedJan 2021$4.3M
JunoDeadSeedOct 2019$3M
CoinFLEXInsolvent2019 funding roundAug 2019$10M
CoinFLEXInsolventStrategic investment (undisclosed)Mar 2019Unknown
DharmaDiscontinuedSeries AFeb 2019$7M
Terraform LabsInsolvent2018 seed roundAug 2018$32M
RenDiscontinuedREN token sale (private and public)LeadFeb 2018$31M
BasisDeadBasecoin presale (2017)Oct 2017Unknown
Linen WalletDiscontinuedSeed financingUnknown$1.7M

Announced is the size of the whole round, not this investor’s allocation. Backing a project that later failed is an ordinary outcome of venture investing and is recorded here as a fact, not a judgement.

Polychain Capital · Web3 Graveyard