Full-Time

Head of Capital Formation

Polychain Capital

Polychain Capital

51-200 employees

Hedge fund managing blockchain asset portfolio

Compensation Overview

$225k - $325k/yr

+ Bonus

San Francisco, CA, USA

Remote

Remote work from the US is allowed; substantial domestic and international travel expected.

Category
Finance & Banking (1)
Requirements
  • Excellent written and verbal communication skills, with the ability to articulate complex concepts clearly and persuasively.
  • Additive network of institutional partners and prospects.
  • Highly resourceful and internally motivated individual with a proven ability to deliver results independently and as part of a team.
  • Minimum of 5 years of relevant work experience in business development, investor relations, or a related field.
  • Foundational understanding of crypto concepts and markets, with a keen interest in staying abreast of industry developments.
  • Substantial travel (both domestic and international) is expected.
  • College degree in a relevant field, such as Business Administration, Finance, or Economics.
  • Demonstrated track record of achievement, including successful networking and relationship-building efforts within the financial industry.
  • Quantifiable track record of converting prospects into successful sales and funding.
  • Regulatory knowledge or experience working within a regulated private fund environment is highly desirable.
  • US-based role with flexibility to work remotely.
Responsibilities
  • Develop a robust pipeline of prospective fund investors through effective networking and relationship-building strategies.
  • Manage and mentor the internal Investor Relations (IR) team, overseeing all investor communications, reporting, and relationship management efforts.
  • Serve as a prominent ambassador of the firm, enhancing its brand and reputation through targeted outreach initiatives.
  • Appropriately manage a budget for travel and events to support business development activities.
  • Lead the Investor Relations (IR) team and collaborate with other functional teams within the firm to ensure a high conversion rate of investors and a seamless onboarding experience.
  • Thoroughly document all prospective investor engagements in the internal CRM database for tracking and analysis purposes.
  • Utilize analytical skills to assess market trends, competitor activities, and investor preferences to inform strategic business development efforts.
  • Provide leadership and guidance to cross-functional teams to drive successful business development initiatives.
Desired Qualifications
  • Regulatory knowledge or experience working within a regulated private fund environment is highly desirable.

Polychain Capital manages a hedge fund focused on blockchain-based digital assets. It seeks exceptional returns for investors by actively managing a portfolio of assets like bitcoin and other crypto tokens. The fund works by buying, holding, and trading digital assets through software-enabled strategies, leveraging cryptographic verification and the properties of blockchain networks to issue and transmit assets. Compared with broader crypto funds, Polychain Capital differentiates itself by specializing in this new digital asset class and applying active investment management to pursue higher returns. Its goal is to generate strong, risk-managed performance for its investors over time.

Company Size

51-200

Company Stage

N/A

Total Funding

$5.5B

Headquarters

San Francisco, California

Founded

2016

Simplify Jobs

Simplify's Take

What believers are saying

  • Bitcoin Layer 2 demand strengthens Bitlayer's utility and Polychain's infrastructure positioning.
  • Ethereum Layer 2 and restaking focus aligns with Polychain's reported fund strategy.
  • Tokenized royalties and proof-of-personhood expand crypto beyond speculative trading into real applications.

What critics are saying

  • Crypto VC fundraising remains weak, limiting Polychain's fee-bearing assets and deal pace.
  • SEC enforcement keeps portfolio companies exposed to subpoenas, delistings, and liquidity shocks.
  • A crypto drawdown would trigger redemption pressure and collapse performance fees quickly.

What makes Polychain Capital unique

  • Founded in 2016 by Olaf Carlson-Wee, Coinbase's first employee.
  • Polychain manages actively traded blockchain portfolios for institutional and accredited investors.
  • It led Bitlayer, Nava, and VeryAI rounds across Bitcoin, AI, and identity.

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Benefits

Remote Work Options

Performance Bonus

Company News

Finbold
Mar 12th, 2026
VeryAI raises $10M to launch Proof of Reality identity verification platform

VeryAI has raised $10 million in a seed funding round led by Polychain Capital, with participation from Berggruen Institute and Anagram.

VeryAI
Mar 12th, 2026
VeryAI raises $10M to combat AI-generated fraud with palm scan verification technology

VeryAI has raised $10 million in seed funding led by Polychain Capital, with participation from Berggruen Institute and Anagram, to build a Proof of Reality platform for the internet. The company's first product is a hardware-free palm scan identity verification system designed to combat AI-generated identities and media. Unlike facial recognition, palm patterns are rarely publicly shared and harder to replicate artificially. The platform converts palm scans into irreversible feature representations rather than storing raw biometric data. VeryAI is also developing deepfake detection systems to analyse whether digital content has been artificially generated or manipulated. The funding will support team expansion and product development as platforms increasingly struggle to verify real users and authentic content amidst rising bot activity and AI-generated fraud.

The Needs Hub
Mar 5th, 2026
Polychain raises $200M for fourth crypto VC fund amid staff shakeup

Polychain Capital has raised approximately $200 million in the first close of its fourth fund, with a total target of around $400 million, according to a person familiar with the matter. The raise signals continued investor interest in crypto despite the recent downturn in venture funding. Founded in 2016 by Olaf Carlson-Wee, Coinbase's first employee, Polychain has previously raised three funds with $2.6 billion in assets under management. The firm has led investments in companies including Uniswap and Yellow Card. The fundraising coincided with staff changes, as three research team members were let go whilst another was added. General partner Niraj Pant also departed. The firm is shifting focus towards Ethereum-based projects, particularly layer-2 networks and re-staking protocols, following successful deployment of its third fund.

Tokenspoken
Feb 16th, 2026
Holaplex raises $20M Series A led by Polychain and Jump Crypto to expand Solana NFT infrastructure

Holaplex has raised $20 million in a Series A round led by Polychain Capital and Jump Crypto to expand its open-source NFT infrastructure on Solana. The company's codebase has been forked by dozens of teams and powered over $200 million in trading volume. The platform enables creators to launch custom NFT marketplaces without platform fees or permissions, offering decentralised control and community governance. Holaplex plans to use the funding to develop smart-contract royalties, token-gated experiences and integrated USDC checkout. The company is partnering with wallet providers, cross-chain bridges and analytics platforms, targeting 100,000 new artists and developers over the next 12 months. The round signals growing investor interest in permissionless NFT infrastructure.

Tech in Asia
Feb 16th, 2026
Aria raises $15M to tokenise music royalties from Justin Bieber, BTS, and Miley Cyrus

Aria, a blockchain-based platform for tokenising intellectual property, has raised $15 million through seed and strategic funding rounds at a $50 million equity valuation. Polychain Capital and Neoclassic Capital co-led the seed round, with participation from Story Protocol Foundation and other investors. The company's first token, APL, launched in February and is backed by partial rights to royalties from songs performed by artists including Justin Bieber, BTS and Miley Cyrus. Aria is prioritising ecosystem growth over immediate monetisation, waiving origination fees in early launches to demonstrate its model. The platform aims to democratise access to music royalties, which have historically been restricted to institutional investors. The asset tokenisation sector is projected to reach $2.08 trillion by 2025.