This document describes PolyCAFe, a system for analyzing collaborative learning conversations. PolyCAFe was developed as part of the LTfLL project to provide automated feedback and summaries of chat discussions. It is based on theories of collaborative learning and uses natural language processing techniques like part-of-speech tagging and semantic analysis. The system was validated through experiments with students and teachers who found that it helped reduce the time to provide feedback and improved the quality of feedback for collaborative assignments.