Algo Capital Closes VC Round at $200 Million

2019-8-27 15:04

The Algorand (ALGO) project performed a round of crypto-based fundraising, receiving the sum in ALGO rather than US dollars, in a novel deal of pure crypto finance.

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algo round rather dollars crypto finance pure

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Algo Capital Raises $200 Million To Develop Algorand Ecosystem

Algo Capital, a financial institution focused on accelerating the Algorand ecosystem has announced a successful funding round for its VC fund, obtaining double the expected $100 million. The firm is a separate entity from both Algorand Foundation and Algorand LLC, but it is wholly focused on driving adoption, liquidity and access to the Algorand blockchain.

2019-8-27 16:22