About Algorand
Algorand is a Technology company based in Boston (United States) founded in 2017 by Silvio Micali. It operates as a blockchain network platform developed for finance sector applications. It operates in the Technology and Financial Services sectors. Algorand has raised $66 million across 3 funding rounds from investors including China Merchants Bank, Makor Group and Union Square Ventures. The company has 20 employees. Algorand has completed 1 acquisition, including Napster. Its focus areas include High Tech, Blockchain Infrastructure, Blockchain Network and Finance. Its legal entity is ALGORAND, INC. Its competitors include Consensys, Luno, Uphold, Coins.ph and BlockFi and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Algorand was founded in 2017 and is headquartered in Boston, United States. A blockchain-based network platform is provided for the finance industry, with features including smart contracts for decentralized applications, standard blockchain assets, atomic transfers, and transactional settlement. Services such as decentralized exchanges, digital securities, and asset tokenization are enabled for enterprises. Operations focus on secure and scalable financial solutions.
- Headquarters Boston, United States
- Employees 20
- Founders Silvio Micali
- SectorsTechnologyFinancial Services
- Website algorand.com
- Social LinkedIn X Facebook
- Legal Name Algorand, Inc.
- Total Equity Funding$66M (USD)
in 3 rounds
- InvestorsChina Merchants Bank
& 5 more
- Employee Count20
- Investments & Acquisitions
Funding Insights of Algorand
Algorand has successfully raised a total of $66M across 3 strategic funding rounds. 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 $66M
- Total Rounds 3
- First Round $4M
(Feb 2018)
- Investors Count 6
All 3 funding rounds of Algorand 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 |
|---|---|---|---|---|---|
| Oct 2021 | – | Series A | – | Makor Group | – |
| Oct 2018 | $62M | Series A | – | Union Square Ventures, Pillar VC | – |
| Feb 2018 | $4M | Seed | – | Union Square Ventures, Pillar VC | – |
6 investors in total: 6 institutional.
Investors in Algorand
Algorand has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include China Merchants Bank, Makor Group and Union Square Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on blockchain, wellbeing, and multiple sectors | – | usv.com | New York, United States | |
Early-stage centric tech-focused VC firm investing in the US | – | pillar.vc | Boston, United States | |
Early-stage tech investments are made primarily in US companies. | – | slow.co | New York, United States | |
Web3 technology entrepreneurs are funded by Eterna Capital. | – | eternacapital.com | London, United Kingdom | |
Diversified banking and wealth management services are provided in China. | 1987 | cmbchina.com | Shenzhen, China | |
Corporate advisory services are delivered across multiple sectors. | 2011 | makor-group.com | London, United Kingdom |
Investor details for Algorand
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People of Algorand
16 people are tracked at Algorand (7 in leadership, 1 in board & advisors, 8 in team); the tracked headcount is 20.
| Name | Role | Group |
|---|---|---|
Silvio Micali | Founder | Leadership |
Yossi Gilad | Head, Systems Research | Leadership |
Gary Malouf | CTO | Leadership |
John Jannotti | Head Of Applied Research | Leadership |
Jacopo Cecchi | Chief Operating Officer | Leadership |
John Lee | Director, Software Engineering | Leadership |
Chris Peikert | Head of Cryptography | Leadership |
Naval Ravikant | Advisor | Board & advisors |
Anne T. Warner | General Counsel | Team |
Felipe Vieira | Developer Ambassador | Team |
Ted Nivan | Developer Ambassador | Team |
Jeremiah Joseph | Remote Blockchain Developer And Ambassador. | Team |
Muhammad Adriansa | Community Ecosystem Builder For Indonesia | Team |
Manuele Tamburrano | Blockchain Developer | Team |
Shiqi Zheng | Senior Software Engineer | Team |
Pavel Zbitskiy | Principal Software Engineer | Team |
Complete people profiles for Algorand
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Investments & Acquisitions by Algorand
Algorand has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Napster.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Napster is recognized for providing music streaming platform solutions. | napster.com | Los Angeles, United States | 1999 | May 2022 | •••• |
Complete acquisition details for Algorand
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Timeline of Algorand
4 dated milestones of Algorand across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Algorand is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series A,.
- Acquisition Acquires Napster.
Competitors of Algorand
Algorand has 9 listed competitors in our database, 8 of them funded. They include Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| consensys.io | 2014 | Fort Worth, United States | $725M | 900 | Developer of blockchain and web3 software platform | |
| luno.com | 2013 | London, United Kingdom | $13M | 127 | Mobile app for storing and trading cryptocurrencies is utilized. | |
| uphold.com | 2013 | London, United Kingdom | $73.36M | 14 | App-based wallet and exchange platform for cross-border money transfers | |
| coins.ph | 2014 | Pasig, Philippines | $40M | – | Digital wallet for Bitcoin assets | |
| blockfi.com | 2017 | Jersey, United States | $465.65M | – | Crypto trading, loans, interest accounts, and wallets are offered online. | |
| crypto.com | 2016 | Singapore | – | – | App-based trading and deposit solutions for cryptocurrency are provided. | |
| bitgo.com | 2013 | Palo Alto, United States | $170.5M | 166 | Crypto-based custody, trading, and lending services are provided to institutions. | |
| fireblocks.com | 2018 | New York, United States | $1.04B | – | Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service | |
| ripple.com | 2012 | San Francisco, United States | $352.68M | 554 | Blockchain-based payment network for cross-border transfers is developed. |
Detailed competitors of Algorand
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Top companies in Blockchain & Decentralized Infrastructure
10 companies that operate in the same segment as Algorand (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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, Ile de France, France | USD 575.4 M | – | 802 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | 708 | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 997.58 M | USD 101.34 M | 307 | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | 166 | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 563.9 M | – | 366 | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | 151 |
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Frequently Asked Questions about Algorand
Algorand was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Algorand is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Algorand is a funded company, having raised a total of $66M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Feb 2018.
Algorand has 20 employees.
Algorand was founded in 2017 and is headquartered in Boston, United States. A blockchain-based network platform is provided for the finance industry, with features including smart contracts for decentralized applications, standard blockchain assets, atomic transfers, and transactional settlement. Services such as decentralized exchanges, digital securities, and asset tokenization are enabled for enterprises. Operations focus on secure and scalable financial solutions.
Algorand has made 1 acquisition, including Napster.
Algorand has 6 investors. Key investors include China Merchants Bank, Makor Group, Union Square Ventures, Pillar VC, and Slow Ventures.
Algorand operates through Algorand, Inc..