# Polytrade

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/polytrade

- Industry: Financial Services
- Headquarters: Dubai, United Arab Emirates
- Website: www.polytrade.finance
- Total disclosed funding: $7.6M
- Latest round: Seed (Oct 8, 2024)
- Investors on record: 8

## About

Founded in 2021 and based in Dubai, United Arab Emirates, Polytrade operates a blockchain-based platform for decentralized finance that serves investors, traders, and borrowers. In March 2023, Polytrade raised USD 3.8 million in seed funding co-led by Alpha Wave Global, Bitcipher Labs LLP, Matrix Partners, and Polygon Ventures, with participation from GTM Capital and Singularity Ventures. Polytrade offers a lending platform for investors and created a framework for safety and security by allowing them to avail insurance. The company’s platform is designed for the client’s treasury allowing it to combine capital protection with diversification, liquidity, and high dividends. In addition, the firm provides financial institutions direct access to undemocratized asset classes for underlying assets, diversifying,and reducing risk, and track-backing assets. Polytrade offers services for DAO treasury and borrowers with no restrictions on ticket size, less cost for finance, and quick turnover. The firm also offers trade tokens for voting and deciding the outcome of the Polytrade protocol upgrades.

## Funding rounds

- Seed, Oct 8, 2024, $3.8M — Matrix Partners, Alpha Wave Global, Coinswitch Ventures, Polygon Ventures
- Seed, Mar 30, 2023, $3.8M — Matrix Partners, Singularity AMC, Alpha Wave Global, Bitcipher Labs LLP, Westbourne River Partners, GTM Capital

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Seed
- Singularity AMC (https://capitalatlas.ai/funds/singularity-amc) — Seed
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Seed
- Bitcipher Labs LLP — Seed
- Westbourne River Partners (https://capitalatlas.ai/funds/westbourne-river-partners) — Seed
- GTM Capital (https://capitalatlas.ai/funds/gtm-capital) — Seed
- Coinswitch Ventures (https://capitalatlas.ai/funds/coinswitch-ventures) — Seed
- Polygon Ventures — Seed