Polychain Leads New Funding Round for Network School at $2 Billion Valuation

On October 9, Olaf Carlson-Wee, founder and CEO of Polychain Capital, announced at Network State that Polychain is leading a new funding round for Network School at a $2 billion valuation. Participating institutional and individual investors include Andreessen Horowitz (a16z), Coinbase, and Balaji; the specific funding amount was not disclosed.

Olaf stated that Polychain’s investment strategy is not solely focused on incremental improvements, but rather seeks projects that leverage new business models or technologies to address problems in different ways. He expressed enthusiasm for participating in Network School’s financing round and noted that he has known and collaborated with Balaji for over a decade.