Tech Company Financing Transactions
Algofi Funding Round
Algofi, based in New York, scored $2.8 million from Arrington XRP Capital Fund, Pillar and Union Square Ventures.
Transaction Overview
Company Name
Announced On
12/1/2021
Transaction Type
Venture Equity
Amount
$2,800,000
Round
Seed
Investors
Arrington XRP Capital Fund (Lead Investor)
Pillar (Lead Investor)
Union Square Ventures (Lead Investor)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
New York, NY 10001
USA
New York, NY 10001
USA
Phone
Undisclosed
Website
Email Address
Overview
Algofi is a blockchain-based decentralized crypto lending platform based on Algorand. The company's platform enables users to purchase cryptocurrency and earn interest without the use of a bank or centralized custodian.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
John Clarke
Co-Founder
Owen Colegrove
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