Algorand

About

Algorand is a scalable, secure and decentralized digital currency and transactions platform.

Boston,Massachusetts,United States
https://www.algorand.com

Highlights

Details

Last Funding Type: Series Unknown
Last Funding Money Raised: $62M
Industries: Blockchain,Cryptocurrency,FinTech
Founded date: Jan 1, 2017
Operating Status: Active
Legal Name: Algorand, LLC

Algorand is positioned to address the blockchain’s scaling challenges through rapid and efficient user consensus, enabling even the smallest transactions, regardless of transaction volume or number of users.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

9

$132M

Algorand has raised a total of $132M in funding over 2 rounds. Their latest funding was raised on Aug 31, 2020 from a Series Unknown round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Aug 31, 2020	Series Unknown	—	1	Borderless Capital	—	Detail
Mar 4, 2020	Seed	—	1	—	—	Detail
Jun 19, 2019	Initial Coin Offering	$60M	—	—	—	Detail
May 31, 2019	Seed	—	2	—	—	Detail
Apr 20, 2019	Secondary Market	—	1	—	—	Detail

Funds Raised

Announced Date	Fund Name		Money Raised
Sep 13, 2021	Algorand Foundation Fund		$300M

Investments

Number of Investments

Number of Lead Investments

11

2

Algorand has made 11 investments. Their most recent investment was on Aug 24, 2022, when Distributed Finance raised $2.50M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Aug 24, 2022 Distributed Finance	Seed	$2.50M	Blockchain	—
Aug 18, 2022 Koibanx	Series A	$22M	Bitcoin	Yes
May 6, 2022 Neomoon	Seed	$850K	Banking	—
Apr 20, 2022 MOSAIC	Pre-seed	$250K	Blockchain	—
Mar 15, 2022 TravelX	Seed	$10M	Blockchain	—

Investors

Number of Lead Investors

Number of Investors

3

22

Algorand is funded by 22 investors. Borderless Capital and Pillar VC are the most recent investors.

Investor Name	Lead Investor	Funding Round
Borderless Capital	Yes	Series Unknown
Pillar VC	Yes	Seed
Tor Kenz Capital	—	Seed
Harrison Uffindell	—	Seed
ICONIUM	—	Seed
Krenex Capital	—	Secondary Market
Bixin Ventures	—	Series Unknown
COIND	—	Series Unknown
Digital Asset Capital Management	—	Series Unknown
Eterna Capital	—	Series Unknown