Polygon Leads $25 Million Fund For Web3 Venture Studio SuperLayer

Polygon Labs
August 18, 2022
Polygon News
Image source: Dribbble

Polygon is pleased to reveal that it has led a $25 million funding round for Web3 venture studio SuperLayer. This partnership and funding will help spread SuperLayer’s vision of accelerating the most promising Web3 platforms and projects.

SuperLayer is led by managing partners Kevin Chou and Mahesh Vellanki, both founders of multiple leading Web3 companies, including blockchain gaming firm Forte. Prior to founding Forte, Chou successfully built the gaming company Kabam, which was acquired for more than $800 million in 2017. 

This anchor fund investment from Polygon will provide SuperLayer with additional opportunities to expand and strengthen its ecosystem of projects, partner with founding teams on development, and unlock the fundraising required to scale products and services that meet the needs of consumers all around the world.

Together, alongside their networks of partners and entrepreneurs, SuperLayer is committed to launching the next generation of companies that make Web3 accessible to mainstream audiences. The funding announcement comes shortly after the beta release of the SuperLayer-backed platform Taki, a token-powered social network that has reached over 750,000 people worldwide since its launch in April 2022.

SuperLayer seeks to differentiate itself from other accelerators by supporting its projects long after their launch, working to aid both brands and companies in implementing tokenized economies via the RLY Protocol. Working with SuperLayer increases the likelihood of successful outcomes thanks to the team’s hands-on startup studio expertise. 

The platform also supports critical infrastructure surrounding Web3, including community, compliance, the go-to-market, partnerships, and more. Furthermore, with the track record of SuperLayer's founders and core team, projects in the venture studio’s ecosystem are able to gain credibility in the Web3 space.

SuperLayer will continue launching projects with quick go-to-market strategies, ecosystem sustainability, and interoperability in mind. The strategic partnership with Polygon allows SuperLayer to continue delivering Web3 projects to communities while also helping an entire ecosystem of dApps to work together.

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