About Algorand
Algorand is a company based in Boston (United States) founded in 2017 by Silvio Micali. 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 as of December 31, 2023. Algorand has completed 1 acquisition, including Napster. Algorand operates in a competitive market with competitors including Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
- Headquarter Boston, United States
- Employees 20 as on 31 Dec, 2023
- Founders Silvio Micali
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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- Legal Name Algorand, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$66 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
China Merchants Bank
& 5 more
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Employee Count
20
as on Dec 31, 2023
- Investments & Acquisitions
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People of Algorand
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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.
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.
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Early-stage centric tech-focused VC firm investing in the US
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Early-stage tech investments are made primarily in US companies.
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Investor details 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.
Investment portfolio details for Algorand
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Napster is recognized for providing music streaming platform solutions.
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Complete acquisition details for Algorand
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Financial Statements - Algorand
Detailed financials for Algorand
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Algorand Comparisons
Peer comparison for Algorand
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Competitors of Algorand
Algorand 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 Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Developer of blockchain and web3 software platform
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Mobile app for storing and trading cryptocurrencies is utilized.
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App-based wallet and exchange platform for cross-border money transfers
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Digital wallet for Bitcoin assets
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Crypto trading, loans, interest accounts, and wallets are offered online.
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App-based trading and deposit solutions for cryptocurrency are provided.
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Detailed competitors of Algorand
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Latest news on Algorand
Complete news archive for Algorand
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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.
As of Dec 31, 2023, the latest employee count at Algorand is 20.
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.