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soonicorn
Blockchain-based network platform for the finance industry
2017•Boston (United States)•Series A
Last updated:
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Algorand Key Metrics
Total Funding
$66M
in 3 rounds
Latest Funding Round
Undisclosed
Series A, Oct 14, 2021
Post Money Valuation
$200M
as on Oct 14, 2021
Investors
Union Square Ventures
& 46 more
Ranked
10th
among 2218 active competitors
Employee Count
80
as on Dec 31, 2022
Investment & Acquisitions
Ctrl Alt
& 16 more
Similar Companies
Luno
& 2815 more
Algorand - About the company
What does Algorand do?
Blockchain-based network platform for the finance industry. Its features are smart contracts-based dApps, standard blockchain assets, atomic transfers, transactional settlement, and more. It enables enterprises to offer services such as decentralized exchanges, digital securities, asset tokenization, and more.
Which sectors and market segments does Algorand operate in?
- Algorand serves in the B2B space in the High Tech, Blockchain Technology, FinTech market segments.
- The primary business model of Algorand are:High Tech > Blockchain Infrastructure > ***** **** > ***** ******Blockchain Technology > Blockchain Infrastructure > ***** **** > ***** ******FinTech > Cryptocurrencies > ***** **** > ***** ******Blockchain Technology > Cryptocurrencies > ***** **** > ***** ******
Company Details
- Website: algorand.com
- Social:
Which legal entities is Algorand associated with?
Algorand
is associated with
1
legal entit
y
given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
ALGORAND, INC. | - | - | 644 |
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Algorand's funding and investors
How much funding has Algorand raised till date?
Algorand has raised a total funding of $66M over 3 rounds. Its first funding round was on Feb 15, 2018.
What are the most recent funding rounds of Algorand?
Its latest funding round was a Series A round on Oct 14, 2021 for an undisclosed amount. 1 investor participated in its latest round, lead by Makor Group.
List of recent funding rounds of Algorand
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Oct 14, 2021 | Undisclosed | Series A | 6305346 | 2638881 | Makor Group |
Oct 24, 2018 | $62M | Series A | 8771116 | 4756396 | Union Square Ventures, Pillar VC, and 3 more |
Feb 15, 2018 | $4M | Seed | 7712686 | 8032416 | Union Square Ventures, Pillar VC |
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What is the current valuation of Algorand?
Algorand
is valued at
$200M
as per the latest available filings.
Who are Algorand's investors?
Algorand has 47 institutional investors including Union Square Ventures, Pillar VC and China Merchants Bank.
View details of
Algorand funding rounds and investorsAlgorand's founders and board of directors
Founder? Claim ProfileWho are the founders of Algorand?
The founders of
Algorand
is
Silvio Micali.
How many employees does Algorand have?
Algorand has 80 employees as of Dec 22. The total employee count is 3.9% more than what it was in Dec 21.
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View details of
Algorand's Founder profiles and Board MembersAlgorand's Competitors and alternates
Who are the competitors of Algorand?
Top competitor
s
of
Algorand
include
Ripple, Circle and Luno.
Algorand
ranks
10
th
among
2218 active competitors.
358 of its competitors are funded while 44 have exited.
Overall,
Algorand
and its competitors have raised over
$12.6B
in funding across
650
funding rounds involving
2986
investors.
There are 14 private unicorns, 11 public and 33 acquired companies in the entire competition set.
Below is a comparison of top competitors of Algorand
Algorand | Ripple | Circle | Luno | |
|---|---|---|---|---|
Description | Blockchain-based network platform for the finance industry | Blockchain-based payment network for money transfer | Cross-border payment solution for businesses focusing on cryptocurrency | App-based platform for crypto wallet and investments |
Founded Year | 2017 | 2012 | 2013 | 2013 |
Location | Boston (United States) | San Francisco (United States) | Boston (United States) | London (United Kingdom) |
Company Stage | Series A | Series C | Series E | Acquired |
Unicorn Rating | Soonicorn | Decacorn | Unicorn | - |
Total Funding | $66M | $295M | $1.01B | $13M |
Funding Rounds | 3 | 7 | 6 | 4 |
Latest Round | Series A, Undisclosed, Oct 14, 2021 | Series C, $100K, Jan 19, 2023 | Series E, Undisclosed, Aug 22, 2023 | Series B, $9M, Sep 19, 2017 |
Investor Count | 47 | 96 | 47 | 13 |
Top Investors | Foundation Capital, Union Square Ventures& 45others | Kaplan Group Investments, Google Ventures& 94others | Fidelity Investments, BlackRock& 45others | Human Capital Development, Naspers& 11others |
Tracxn ScoreWhat is this? | 73/100 | 84/100 | 82/100 | 77/100 |
Overall Rank | 10th | 1st | 2nd | 3rd |
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Looking for more details on
Algorand
's competitors? Click
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Algorand's Investments and acquisitions
Filter this list
Algorand
has not made any
acquisitions
yet.
Algorand
has made
17 investments.
Here is the list of latest three investments:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Sep 27, 2023 | Investments |
Ctrl Alt | 2020 | London, United Kingdom |
Jan 26, 2023 | Investments |
PlanetWatch | 2019 | Pouilly, France |
Sep 23, 2022 | Investments |
KAP Games | 2022 | George Town, Cayman Islands |
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See all
investments
by
Algorand
Reports related to Algorand
Here is the latest report on Algorand's sector:
View
all reports related to AlgorandNews related to Algorand
Filter this list
Media has covered
Algorand
for a total of 2 events in the last 1 year
,
1
of them has been
about
company updates and 1
about
people movement.
•
Asia Broadband Announces AABBG Token Migration to Algorand Blockchain for Enhanced Efficiency and User ExperienceMining Stock Education•Sep 13, 2023•AABB Wallet,
Algorand
•
Steve Kokinos, Creditors Named to Run Celsius 2.0CoinDesk•Sep 11, 2023•Celsius,
Algorand
•
Algorand’s largest DeFi protocol Algofi to shut operationsCryptoSlate•Jul 11, 2023•Algorand
•
Balthazar Secures $3m to Achieve NFT Gaming Platform GrowthBusiness Post Nigeria•Jun 29, 2023•Balthazar, Animoca Brands, Digital Asset Capital Management, ZED and 6 others
•
Blockchain Network Algorand Enhances Performance via Protocol UpgradeCrowdfund Insider•Jun 24, 2023•Algorand
•
Blockchain Payment Solutions Provider NFTPay Integrates With Algorand Blockchain Networkcrast.net•May 31, 2023•NFTpay,
Algorand
•
Layer-1 chain Algorand enters India, Polytrade raises $3.8MYourStory•Mar 31, 2023•Algorand
•
AlgoKit Introduces Web2 Developer Experience for Building Web3 Applications on AlgorandPR Newswire•Mar 29, 2023•Algorand,
Algorand
•
Algorand launches Algobharat to expand Web3 developer base in IndiaMoneycontrol•Mar 29, 2023•Algorand
•
Algorand up over 12% following on from India partnershipCryptoSlate•Mar 29, 2023•Algorand
, AlgoBharat
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Frequently asked questions about Algorand
When was Algorand founded?
Algorand was founded in 2017.
Where is Algorand located?
Algorand
is located in
Boston,
United States.
Is Algorand a funded company?
Algorand is a funded company, its first funding round was on Feb 15, 2018.
When was the latest funding round of Algorand?
Algorand's latest funding round was on Oct 14, 2021.
How much is Algorand worth?
The latest valuation of Algorand is $200M as on Oct 14, 2021.
Is Algorand a Blockchain Infrastructure company?
The primary sectors of Algorand are Blockchain Infrastructure and Cryptocurrencies.
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