Tech Company Financing Transactions

Polytrade Funding Round

Polytrade secured a $3.8 million Seed funding round on 3/30/2023. Investors included Alpha Wave Global, CoinSwitch and Matrix Partners.

Transaction Overview

Company Name
Announced On
3/30/2023
Transaction Type
Venture Equity
Amount
$3,800,000
Round
Seed
Investors

Alpha Wave Global (Lead Investor)

CoinSwitch (Lead Investor)

Matrix Partners (Lead Investor)

Polygon Ventures (Lead Investor)

GTM Ventures

private investors (Sameep Singhania)

private investors (Sandeep Nailwal)

Singularity Ventures

Proceeds Purpose
The platform aims to provide small and midsize enterprises and large corporations with access to working capital financing and invoices. The platform has had about 2 million invoices to date, Gupta shared.

Company Information

Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Jumeirah Business Center 5 Jumeirah Lake Towers
Dubai, Undisclosed
UAE
Phone
Undisclosed
Email Address
Overview
Polytrade is a blockchain-enabled Trade Finance platform on Polygon Chain, allowing worldwide SMEs to get unprecedented direct access to trade financing opportunities while offering attractive rewards to those that support the lending pools.
Profile
Polytrade LinkedIn Company Profile
Social Media
Polytrade Company Twitter Account
Company News
Polytrade News
Facebook
Polytrade on Facebook
YouTube
Polytrade on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Piyush Gupta
  Piyush Gupta LinkedIn Profile  Piyush Gupta Twitter Account  Piyush Gupta News  Piyush Gupta on Facebook


 

 

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About Our VC Transactions Data

We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


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