# Polymorphic Capital

> Polymorphic Capital is a VC fund backing Blockchain and Cryptocurrency. See 45 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Clayton, United States
- Total investments: 45
- Last investment: Jul 2025
- Lead investor: 22%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/polymorphic-capital
- X (Twitter): https://twitter.com/polymorphiccap
- Website: https://polymorphic.capital/
- Facebook: https://www.facebook.com/polymorphiccap

Polymorphic Capital is a VC fund in Clayton focused on Blockchain and Cryptocurrency. Polymorphic Capital is the application-centric Web3 VC, with a keen focus on fostering practical use cases that build upon Web3's infrastructure. Polymorphic offers long-term support to exceptional teams around the world that leverage Web3's innovative technology and foundational principles to drive significant transformations acrossextensive markets

## Contacts

5 contacts available for Polymorphic Capital. Shizune tracks 4 team members at Polymorphic Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/polymorphic-capital-0c3e?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.4M–$5M |
| Pre-Seed | $1.2M–$6M |
| Series A | $3.6M–$25M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 19 | 42% |
| Cryptocurrency | 9 | 20% |
| FinTech | 8 | 18% |
| Financial Services | 7 | 16% |
| Information Technology | 7 | 16% |

38 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 16 | 36% |
| Series A | 10 | 22% |
| Pre-Seed | 6 | 13% |
| Angel | 2 | 4% |
| Series B | 2 | 4% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 11 | 24% |
| United Kingdom | 4 | 9% |
| Spain | 2 | 4% |
| Gibraltar | 2 | 4% |
| Switzerland | 2 | 4% |

13 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Eldar Khamitov | Partner, Portfolio Development | 3 | https://shizune.co/investors/profile/eldar-khamitov |
| Richard Sobel | Partner, Strategic Development | 0 | https://shizune.co/investors/profile/richard-sobel-5fde |
| Vitaly Spassky | Managing Partner | 8 | https://shizune.co/investors/profile/vitaly-spassky |
| Vitaly Spassky | Managing Partner; Founder and Managing Partner | 1 | https://shizune.co/investors/profile/vitaly-spassky-c3d9 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| TACEO | TACEO refers to MPC encrypted compute for Web3. | $5.5M | Seed | Jul 31, 2025 |  |
| Due | Due is a financial firm with the goal of reshaping international payments using stablecoins and blockchain technology. | $4M | Seed | Jul 30, 2025 |  |
| Freename | Redefining Web3 Naming System. Web3 Registrar: custom TLDs and Domains | $6.5M | Series A | Jul 22, 2025 |  |
| inshAllah | inshAllah is a cryptocurrency staking platform that works on cutting edge applications of Islamic finance built on crypto rails. | $2.1M | Seed | Jul 01, 2025 |  |
| MANSA | MANSA builds the infrastructure that powers the next evolution of global payments. | $3M | Pre-Seed | Feb 20, 2025 |  |
| Nevermined | Nevermined is an enterprise-grade decentralized data sharing platform assisting consumers to publish, discover, buy, sell and access data. | $4M | Seed | Jan 09, 2025 |  |
| Rise | Rise is an innovative payroll and compliance provider based in New York. Rise is a Web3-enabled platform helping businesses onboard, manage and pay local/international contractors while ensuring full compliance and alleviating burdensome tax processes. | $6.3M | Series A | Nov 21, 2024 |  |
| Embed | mbd is a Web3 social platform developer specializds in the research and development of machine learning recommendation systems as well as on-chain data pre-training, with the goal of providing dynamic, relevant material and activities to each user. | $3M | Pre-Seed | Nov 11, 2024 |  |
| Naptha AI | Naptha is a modular development framework for connecting and scaling next-generation AI apps leveraging the collaborative intelligence of multi-agent systems on the agentic web. | $6M | Pre-Seed | Oct 29, 2024 |  |
| Liquorice | Liquorice is a developer of a DeFi protocol that combines one-sided loan pools with a MEV-free trading engine. | $1.2M | Pre-Seed | Jul 30, 2024 |  |

10 of 45 investments shown.

## Co-investors
- [Polymorphic Capital](https://shizune.co/investors/profile/polymorphic-capital) — VC Fund, 46 deals together
- [Redbeard Ventures](https://shizune.co/investors/profile/redbeard-ventures) — VC Fund, 6 deals together
- [Digital Currency Group](https://shizune.co/investors/profile/digital-currency-group) — VC Fund, 5 deals together
- [G1 Ventures](https://shizune.co/investors/profile/g1-venture-capital) — VC Fund, 5 deals together
- [Inception Capital](https://shizune.co/investors/profile/op-crypto) — VC Fund, 5 deals together
- [Arrington XRP Capital](https://shizune.co/investors/profile/arrington-xrp-capital) — VC Fund, 4 deals together

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## FAQ

### What does Polymorphic Capital invest in?

Polymorphic Capital invests primarily in Blockchain, Cryptocurrency and FinTech startups, most often at Seed and Series A stage. Most of the 45 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Polymorphic Capital's check size?

Polymorphic Capital typically joins rounds of $1.4M–$5M at Seed, $1.2M–$6M at Pre-Seed and $3.6M–$25M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Polymorphic Capital participates in.

### How do I contact Polymorphic Capital?

Public channels for Polymorphic Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Polymorphic Capital?

The team at Polymorphic Capital includes Eldar Khamitov (Partner, Portfolio Development), Richard Sobel (Partner, Strategic Development) and Vitaly Spassky (Managing Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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