PO

Polymorphic Capital — Seed & Pre-Seed VC Firm

VC

Polymorphic Capital is a Seed, Pre-Seed venture capital firm investing in Fintech, Other, AI / ML. The firm has 36 portfolio companies in our records.

Portfolio
36 companies on record
Partners
7 listed
Stage
Seed, Pre-Seed
Sectors
Fintech, Other, AI / ML, Developer Tools
Check size
Not in our records
AUM
Not in our records

Last verified: 2026-10-09

How to approach: cold outreach ok
Stage

Seed, Pre-Seed

Portfolio

36+ companies

Team

7 partners

Investor activity
Last known investment: 2026Investments in last 12 months: 7

Investment Thesis

Polymorphic Capital invests in frontier financial infrastructure and crypto-enabled payments. It fits products that combine programmable money movement, liquidity, and FX innovation.

How Polymorphic Capital invests

Polymorphic Capital is a vc firm. The firm invests at the Seed, Pre-Seed stages, with a focus on Fintech, Other, AI / ML, Developer Tools.

Investing since at least 2021, Polymorphic Capital has backed 36 companies in our records, including Trace Finance, Freename, Zodia Markets. Its most recent recorded investment was in 2026, with 7 investments logged over the last 12 months.

Partners & Team

AW

Alex Wearn

Venture Partner

DeFi
DEXes
Derivatives

Co-founder and CEO of IDEX, a pioneering decentralized cryptocurrency exchange. In crypto since 2015. Prior work at Amazon, Adobe, and IBM, currently member of Alliance DAO.

VK

Vadim Koleoshkin

Venture Partner

DeFi
Web3 Social

Extensive entrepreneurial experience. In crypto since 2014. Co-founder of Zerion - one of the first smart, social crypto wallets. Prior work as co-founder & CTO at a mobile application development company.

SG

Stefano Glauser

Venture Partner

DeFi
DAO
RWA

A pioneer in Blockchain, Crypto and digital assets; deeply passionate about Web3 and DeFI. In crypto since 2016. Played a pivotal role in building innovative DAOs and actively contributes to communities like FWB and LinksDAO.

RS

Richard Sobel

Partner, Strategic Development

Financial Services

A seasoned private equity investor and family office executive. Raised and managed emerging market PE funds with a total of $1 billion in assets (AUM). Oversees fund formation, governance, operations and risk management. Prior work with Altai Capital, Alfa Capital Partners, Baring Asset Management, EBRD, and Bain.

EK

Eldar Khamitov

Partner

Infrastructure
Wallets & UX
Data & Social

Advanced training in applied mathematics, and an early recognized expert in decentralized models and the crypto-economy. Responsible for technology and market research. Leads the investment process and work with early stage companies. Prior work with G1 Ventures and NKB Ventures.

U

Unknown

GP

Fintech infrastructure
Cross-border payments
VS

Vitaly Spassky

Managing Partner

Financial Services
RWA

25+ years of diverse experience as a senior investment advisor, operating executive, and entrepreneur. Built and leads Polymorphic's team. Passionate about decentralized finance, web3, and disruptive technology businesses. Responsible for discovering and advising talented entrepreneurs. Prior work with G1 Ventures, Siguler Guff, Merrill Lynch, Donaldson Lufkin & Jenrette, and Credit Suisse.

Industry Focus

Invests In

Fintech
Other
AI / ML
Developer Tools

Portfolio Companies (36)

2026

TR

Trace Finance

#Finance #Wallet·Series A

Trace is a payment company providing compliant, fast, and cost-efficient FX and payment infrastructure for businesses operating between Latin America and the global economy

2025

FR

Freename

#Finance #DeFi·Series A

Freename is a leading domain registrar bridging DNS and Blockchain technologies

ZO

Zodia Markets

#Payments #DeFi·Series A

Zodia Markets is an institutional crypto trading platform

MA

Mansa

#Finance #DeFi·Seed

Mansa is a decentralised finance platform providing liquidity solutions to cross-border payment companies

TA

TACEO

#Payments·Seed

TACEO is the network for private shared state, leveraging collaborative SNARKs to achieve composable privacy

ME

Mellow

#Data & AI·Seed

Mellow is a modular liquid restaking primitive for permissionless LRTs creation & curation

ZY

Zynk Labs

#Payments·Seed

Zynk is a payment infrastructure company that provides an instant settlement network for cross-border payments

2024

FA

Fair Math

#Data & AI #Off-chain computing #FHE·Seed

Fair Math is building cryptographic infrastructure for privacy-preserving AI and blockchain applications

KR

Kredete

#Finance #DeFi·Seed

Kredete is a fintech platform for remittance payments and credit-building

BI

BIO

#Other

BIO protocol is a curation and financial layer for DeSci

How to pitch Polymorphic Capital
  • •Raising at Seed, Pre-Seed? You're squarely in their sweet spot.
  • •Lead with your fit in Fintech, Other, AI / ML — the sectors they actively back.
  • •cold outreach ok
  • •Address your outreach to a specific partner, such as Alex Wearn, Venture Partner.
  • •A warm introduction beats a cold email. Get matched and request an intro.

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