Algorand - About the company
Algorand is a series A company based in Boston (United States), founded in 2017 by Silvio Micali. It operates as a Blockchain-based network platform for the finance industry. Algorand has raised $66M in funding from investors like Union Square Ventures, Pillar VC and China Merchants Bank, with a current valuation of $200M. The company has 2205 active competitors, including 363 funded and 46 that have exited. Its top competitors include companies like Luno, Uphold and Consensys.
Company Details
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.
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Key Metrics
Founded Year
2017
Location
Boston, United States
Stage
Series A
Total Funding
in 3 rounds
Latest Funding Round
Post Money Valuation
as on Oct 14, 2021
Investors
Ranked
32nd among
Employee Count
as on Dec 31, 2023
Investment & Acquisitions
Ctrl Alt &
Similar Companies
Luno &
Legal entities associated with Algorand
Algorand is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
- | 289 | 920 |
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Algorand's funding and investors
Algorand has raised a total funding of $66M over 3 rounds. Its first funding round was on Feb 15, 2018.
Algorand has 47 institutional investors including Union Square Ventures, Pillar VC and China Merchants Bank.
Here is the 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 | 1877845 | 8772231 | - |
Oct 24, 2018 | $62M | Series A | 7699612 | 2396415 | |
Feb 15, 2018 | $4M | Seed | 6916680 | 8621319 |
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Algorand's founders and board of directors
The founders of Algorand is Silvio Micali.
View details of Algorand's Founder profiles and Board Members
Algorand's employee count trend
Algorand has 20 employees as of Dec 23. The total employee count is 75.0% lower than what it was in Dec 22. Here is Algorand's employee count trend over the years:
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Top competitors of Algorand include Luno, Uphold and Consensys. Here is the list of Top 10 competitors of Algorand, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | _1587622150601.png?height=40&width=40){kind=logo} Luno 2013, London (United Kingdom), Acquired | App-based platform for crypto wallet and investments | $13M | Naspers, Human Capital DevelopmentÌý&²¹³¾±è;Ìý | 80/100 |
2nd | Uphold 2013, London (United Kingdom), Series B | App-based wallet and exchange platform for cross-border money transfers | $73.4M | YMF Investments, Hard YakaÌý&²¹³¾±è;Ìý | 79/100 |
3rd |  Consensys 2014, Fort Worth (United States), Series D | Developer of blockchain and web3 software platform | $725M | Third Point, TemasekÌý&²¹³¾±è;Ìý | 79/100 |
4th | Blockchain network for payments | $125M | Lightspeed Venture Partners, TransLink CapitalÌý&²¹³¾±è;Ìý | 79/100 | |
5th | Coins.ph 2014, Pasig (Philippines), Acquired | Digital wallet for Bitcoin assets | $40M | Naspers, Innovation EndeavorsÌý&²¹³¾±è;Ìý | 75/100 |
6th | App-based trading and deposit solutions for cryptocurrency | - | Orthogonal Thinker, BlockGroundsÌý&²¹³¾±è;Ìý | 74/100 | |
7th |  BlockFi 2017, Jersey City (United States), Acquired | Online platform for trading, crypto-backed loans, interest accounts, and wallets | $466M | Fidelity Investments, Bain Capital VenturesÌý&²¹³¾±è;Ìý | 73/100 |
8th | BitGo 2013, Palo Alto (United States), Acquired | Platform that offers crypto based financial services | $170M | Goldman Sachs, K2 GlobalÌý&²¹³¾±è;Ìý | 72/100 |
9th |  Fireblocks 2018, New York City (United States), Series E | Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service | $1.04B | General Atlantic, Tenaya CapitalÌý&²¹³¾±è;Ìý | 71/100 |
10th |  Matrixport 2019, Singapore (Singapore), Series C | App-based platform offering crypto investment products and financial services solutions | $129M | Lightspeed Venture Partners, DST GlobalÌý&²¹³¾±è;Ìý | 71/100 |
32nd | 2017, Boston (United States), Series A | Blockchain-based network platform for the finance industry | $66M | Foundation Capital, Wing Venture CapitalÌý&²¹³¾±è;Ìý | 62/100 |
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Algorand's Investments and acquisitions
Algorand has not made any acquisitions yet. Algorand has made 16 investments. Here is the list of latest three investments:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Sep 27, 2023 | Investments | 2020 | London, United Kingdom | |
Jan 26, 2023 | Investments | 2019 | Pouilly, | |
Sep 23, 2022 | Investments | 2022 | George Town, |
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Reports related to Algorand
Here is the latest report on Algorand's sector:
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News related to Algorand
Media has covered Algorand for a total of 2 events in the last 1 year.
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YourStory•Mar 31, 2023•Algorand
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Moneycontrol•Mar 29, 2023•Algorand
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PR Newswire•Mar 29, 2023•, Algorand
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