Polychain Capital founder and CEO Olaf Carlson-Wee said at Network State Conference 2026 that the firm is leading a new financing round for Network School at a $2 billion valuation. Andreessen Horowitz, Coinbase, and Balaji were also named among participating investors, though the size of the round was not disclosed. Carlson-Wee said Polychain does not focus only on incremental improvements in its investment approach, but looks for projects that solve problems in different ways through new business models or new technology. He also said he was excited to take part in the financing and noted that he has known and worked with Balaji for more than a decade. Foresight News identified Balaji as Balaji Srinivasan, the author of The Network State, founder of Network School, former chief technology officer at Coinbase, and a former general partner at Andreessen Horowitz.
Polychain Capital founder and CEO Olaf Carlson-Wee said at Network State Conference 2026 that Polychain is leading a new financing round for Network School at a $2 billion valuation.
He said Andreessen Horowitz, Coinbase, and Balaji were among the institutions and individuals participating in the round. The amount being raised was not disclosed.
Carlson-Wee said Polychain's investment approach is not limited to incremental improvements. Instead, he said, the firm looks for projects that use new business models or new technology to solve problems in different ways. He added that he was excited to participate in the Network School round and said he has known and worked with Balaji for more than 10 years.
Foresight News noted that Balaji refers to Balaji Srinivasan, the author of The Network State and the founder of Network School. He previously served as chief technology officer at Coinbase and as a general partner at Andreessen Horowitz.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
