Polygon raises $450M from Sequoia Capital India, SoftBank and Tiger Global

Polygon raised about $450 million through a private sale of its native MATIC token in a funding round led by Sequoia Capital India with participation from SoftBank Vision Fund 2, Tiger Global, Republic Capital and other prominent investors.

The funds will allow Polygon to continue investing in cutting-edge zero knowledge (ZK) technology that will be key to onboarding the next billion users to Web3.