The polymerization of 2,3,4,5,6‐pentafluorobenzyl 2‐diazoacetate is conducted at ambient temperature and catalyzed by [(l‐prolinate)RhI(1,5‐dimethyl‐1,5‐cyclooctadiene)] or [(l‐prolinate)RhI(1,5‐cyclooctadiene)] yielding C1 polymers with molecular weights of 3000–4000 g mol−1 and dispersity between 1.1 and 1.3. Incorporation of the pentafluorobenzyl group into the C1 polymer results in a different solubility when compare to its C2 analog poly(2,3,4,5,6‐pentafluorobenzyl methacrylate). Efficient postmodifications via para‐fluoro‐thiol reaction with different thiols are conducted with this C1 polymethylene.