POLYGON AND AU21 CAPITAL ANNOUNCE FIRST FUND DEDICATED TO SUPPORTING STARTUPS IN POLYGON ECOSYSTEM
At AU21, we are committed to growing blockchain ecosystems to foster broader and more universal adoption around the world. We believe the implications of blockchain can improve lives and provide a great equalizer in decentralizing power amongst the few in the world. As early investors in some of the largest exchanges in the world — which helps provide years of financial independence for disruptive blockchain companies — including Binance, Huobi, OKEx, and Gate.io, we are proud to now help foster growth for cutting-edge blockchain ecosystems like Polygon. That’s why we’re excited to announce the $21M AU21 Polygon Ecosystem Fund.
You can read more about the announcement below. For more information, email Fund manager, Alexi Nedeltchev, at alexi@au21.capital or info@au21.capital or apply here: https://forms.gle/oguzr9yu23oTXWDDA
POLYGON AND AU21 CAPITAL ANNOUNCE FIRST FUND DEDICATED TO SUPPORTING STARTUPS IN POLYGON ECOSYSTEM
The $21 Million Fund Is A Joint Venture Providing Funding, Developmental Support, Exchange Listings, And Business Strategy
MENLO PARK, June 2, 2021 — AU21 Capital, the leading investor of new blockchain ecosystem projects, and Polygon, a protocol for Ethereum-compatible blockchain networks, today announced a $21 million fund to grow the Polygon (formerly Matic) ecosystem. The AU21 Polygon Ecosystem Fund is the first of its kind and will go towards promising projects utilizing Polygon’s cutting-edge blockchain. AU21 has previously been an early investor in The Graph, Polkadot, Casper Labs, Covalent, Cere, and Elrond, amongst others. The joint fund initiative aims to bolster growth within the Polygon ecosystem.
“We decided to back Polygon-based projects in particular for two main reasons,” said Alexi Nedeltchev, Manager of the AU21 Polygon Ecosystem Fund. “First, Polygon’s coordination with Ethereum allows us to capture an already-active ecosystem. Second, Polygon’s exceptional development potential has already been realized through a number of partnerships with top DeFi protocols, creating an important framework for future development on Polygon’s infrastructure.”
In addition to procuring financial backing for early-stage projects, AU21 will provide support for business development, marketing, and human capital initiatives. The fund has also established numerous partnerships with Polygon-focused development shops and recruiting firms. The AU21 Polygon Ecosystem Fund has already made some early investments in the Polygon ecosystem, including a Polygon-first launchpad called Polystarter.com. The executive team at AU21 is made up of former Silicon Valley executives and early blockchain development leaders from Huobi, Galaxy Digital, Polygon, Gate.io, and Parity.
“We’re very excited to see this fund being launched by AU21 right around our upcoming SDK release,” said Sandeep Nailwal, Co-Founder and COO of Polygon. “As our upwards total value locked continues to trend, we feel that now is a better time than ever to introduce this fund.”
Projects and builders seeking sponsorship can utilize the link on the AU21 Capital website (https://au21.capital/) to submit their pitch decks and other pertinent information for further review, or find the form here: https://forms.gle/oguzr9yu23oTXWDDA
More information about Polygon can be found here: https://polygon.technology/
ABOUT POLYGON
Polygon, previously known as Matic Network, is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks, aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
ABOUT AU21 CAPITAL
AU21 Capital is the leading blockchain investment firm with a proven track record for guiding projects onto top exchanges and launchpads. Based out of Menlo Park, California, the team has years of Silicon Valley entrepreneurial experience mixed with a keen eye for finding top blockchain projects. Early investments for AU21 Capital include The Graph, Polkadot, Casper Labs, Covalent, Cere, Elrond, and more. Early exchange investments include Binance, Huobi, OKEx, and Gate.io.
Find out more here: https://au21.capital/
