Why are Top VCs Interested in the Polygon MATIC Ecosystem?

Top VCs are interested in the Polygon ecosystem. Noteworthy, in Early February 2022, Polygon raised about $450 million from some of the biggest venture capitalists.  Obviously, the biggest investors have their own general investment thesis which justify their investment in the Polygon chain.

Polygon-Matic published:  Deep dive into the thesis of top-tier VCs backing Polygon.

Widespread Adoption: “Polygon’s ultra focus on cultivating developers was really impressive to us, engineers love to build, and we don’t bet against the engineers.” Tom Cheung, a partner with SoftBank Group Investment Advisers.

SoftBank Group has believed that technology is key to building a happier and more fulfilling future for all. They have forever been in the forefront of adapting their business model in line with latest technology in a way to suit their business model.

The dawn of Web3 mass adoption is here: 8000+ teams are currently building on the POS chain, and 19000+ dApps are now running on the Polygon network.

Full Suite of Solutions: “With incomparable developer adoption and the most advanced technology, we believe Polygon has a shot to become the leading Ethereum Layer 2 scaling solution.”  – Shailesh Lakhani, Managing Director at Sequoia _ India.

Sequoia India helps daring founders across India and Southeast Asia build legendary companies from idea to IPO and beyond.

The Team: “Engineers are unusual people and I like them very unusual. I got that from Sandeep Nailwal and his partners in about 30 minutes. And that was my investment decision. They are an unusually good team.” – Kevin O’ Leary , Chairman of O’Shares Investments.

O’Shares Investments provides ETFs for long-term wealth management, with an emphasis on quality across the family of ETFs.

Polygon has attracted experienced hires across all business segments, growing by about 20 people a month to a team of over 250 across the globe. Most of the talent hails from the world’s biggest tech companies including Google, Microsoft, Amazon, Uber, Business, & Electronic Arts.

Collaborative and Sustainable: Polygon spearheaded the creation of Ethereum Adoption DAO (ETH Adoption DAO), aimed at pushing the adoption and implementation of new innovative projects. EAD supports future builders, new projects and developments in the Ethereum ecosystem.

Polygon has retroactively eliminated all of the network’s carbon debt and is going carbon negative in 2022. Polygon teamed up with KlimaDAO  to buy $400,000 worth of carbon credits & also pledged $20 MM in funding to community initiatives as a part of its Green Manifesto.

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