# dYdX

> Decentralized perpetuals exchange — leading on-chain derivatives venue with dYdX chain.

## Why it is interesting

a16z and Polychain co-led from seed; Bain joined the Series A syndicate — a canonical DeFi derivatives cap table.

## Profile

- **Stage:** growth
- **Status:** private
- **Industries:** crypto-web3, fintech
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- Series C (Jun 2021): $65M led by Paradigm; a16z and Polychain participated (dYdX blog)
- Seed (2017) + Series A (2018): co-led by a16z crypto and Polychain (Medium)

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/bain-capital-ventures
- https://venturecapitaltracker.com/fund/multicoin-capital

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/dydx