About AlgoBlocks
AlgoBlocks is a company based in Singapore (Singapore) founded in 2021. It operates as a B2C. AlgoBlocks has raised $1.9 million across 2 funding rounds from investors including Draper Dragon and Kyber Ventures. AlgoBlocks operates in a competitive market with competitors including Mudrex, Crypto Facilities, Auros, CoinRoutes and Soon, among others.
- Headquarter Singapore, Singapore
- SectorsFinancial Services
- Website algoblocks.io
- Social X
- Total Equity Funding$1.9M (USD)
in 2 rounds
- Latest Funding Round$1.9M (USD), Seed
Apr 2022
- InvestorsDraper Dragon
& 1 more
Funding Insights of AlgoBlocks
AlgoBlocks has successfully raised a total of $1.9M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.9 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.9M
- Total Rounds 2
- Last Round Seed — $1.9M
- First Round $1.65M
(Apr 2022)
- Investors Count 2
All 2 funding rounds of AlgoBlocks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $1.9M | Seed | – | Draper Dragon, Kyber Ventures | – |
| Apr 2022 | $1.65M | Token Sale | – | – | – |
2 investors in total: 2 institutional.
Investors in AlgoBlocks
AlgoBlocks has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Draper Dragon and Kyber Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage centric VC firm funding companies in the US and China | – | draperdragon.com | Shanghai, China | |
Investments in blockchain startups are facilitated by Kyber Ventures. | – | kyber.ventures | Singapore, Singapore |
Investor details for AlgoBlocks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of AlgoBlocks
3 dated milestones of AlgoBlocks across 1 years, from founding to its latest funding, stage changes and deals.
- Founded AlgoBlocks is founded.
- Funding First funding round of $1.6M.
- Funding Latest funding round, Seed, of $1.9M.
Competitors of AlgoBlocks
AlgoBlocks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mudrex, Crypto Facilities, Auros, CoinRoutes and Soon, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mudrex.com | 2018 | Bengaluru, India | $21.47M | – | Crypto investments in coins, futures, and coin sets are facilitated. | |
| cryptofacilities.com | 2014 | London, United Kingdom | $1.5M | 23 | Bitcoin derivatives are traded with daily blockchain settlements provided. | |
| auros.global | 2019 | Hong Kong, China | $17M | 9 | Algorithmic trading and market-making services are offered globally. | |
| coinroutes.com | 2017 | San Francisco, United States | $19M | – | Algorithmic trading for cryptocurrencies is enabled via a specialized platform. | |
| soon.app | 2017 | Salt Lake, United States | $138,000 | 3 | Automated crypto investing solutions are provided by Soon. | |
| dexterity.capital | 2018 | San Francisco, United States | $10M | 12 | Algorithmic trading platform for cryptocurrencies and altcoins is operated. | |
| cyberx.com | 2016 | Beijing, China | $15M | – | Automated cryptocurrency trading across multiple exchanges is facilitated. | |
| hydrax.io | 2018 | Singapore | – | – | Cryptocurrency algorithmic trading and settlement are facilitated via DLT. | |
| ridian.io | 2021 | Mexico | $6.2M | – | An automated platform for crypto investments is provided. |
Detailed competitors of AlgoBlocks
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Algoblocks
Complete news archive for AlgoBlocks
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to AlgoBlocks
10 companies that operate in the same segment as AlgoBlocks (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about AlgoBlocks
AlgoBlocks was founded in 2021 and raised its 1st funding round 1 year after it was founded.
AlgoBlocks is headquartered in Singapore, Singapore.
AlgoBlocks is a funded company, having raised a total of $1.9M across 2 funding rounds to date. The company's 1st funding round was a Token Sale of $1.65M, raised on Apr 2022.
AlgoBlocks, established in 2021, excels in finance, innovating financial technology, trading platforms, and dealing with cryptocurrency. Offers an algorithm-based trading platform for cryptocurrencies. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
AlgoBlocks's top competitors include Mudrex, Auros and Crypto Facilities.
AlgoBlocks has 2 investors. Key investors include Draper Dragon, and Kyber Ventures.