How much funding has Algorand raised?

Algorand has raised $126.4M in total funding, most recently a Venture Round.

Who are Algorand's investors?

Algorand's investors include Union Square Ventures, Pillar VC, Alumni Ventures, Wing VC, Foundation Capital.

Where is Algorand headquartered?

Algorand is headquartered in Boston, United States.

What industry is Algorand in?

Algorand operates in Crypto & Web3.

Algorand

The high-performance Layer-1 blockchain

Boston, United States · Founded 2017 · $126.4M raised

Crypto & Web3

Headquarters: Boston
Employees: 51–200
Founded: 2017
Business Model: B2B

Website: algorandtechnologies.com
Total Funding: $126.4M
Last Round: $60.4M Venture RoundJun 2019
Rounds: 3

About

Algorand Technologies builds and maintains Algorand, a high-performance Layer-1 blockchain founded by MIT professor and Turing Award winner Silvio Micali. The protocol uses a pure proof-of-stake consensus mechanism to deliver finality, scalability, and security without compromising decentralization. Algorand supports smart contracts, DeFi applications, NFTs, and institutional digital asset infrastructure with transaction finality in under 4 seconds.

Summary

Algorand is a Crypto & Web3 company based in Boston, United States, founded in 2017. It has raised $126.4M in total across 3 rounds, most recently a $60.4M Venture Round round in Jun 2019. Investors include Union Square Ventures, Pillar VC and Alumni Ventures.

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