Algofi

company

About

Building DeFi that scales. YC S21.

Details

Last Funding Type
Seed
Industries
Blockchain,Cryptocurrency,Finance,Financial Services,FinTech
Founded date
Jan 1, 2021
Number Of Employee
1 - 10
Operating Status
Active
Legal Name
Blockchain Technologies, Inc.
Also Known As
Blockchain Technologies

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$2.92M
Algofi has raised a total of $2.92M in funding over 2 rounds. Their latest funding was raised on Nov 30, 2021 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 30, 2021 Seed $2.80M 4 Detail
Aug 31, 2021 Pre-seed $125K 1 Y Combinator Detail
Jul 21, 2021 Seed 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
5
Algofi is funded by 5 investors. Y Combinator and Arrington XRP Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Y Combinator Yes Pre-seed
Arrington XRP Capital Seed
Orange DAO Seed
Pillar VC Seed
Union Square Ventures Seed

Employee Profiles

Number of Employee Profiles
2
Algofi has 2 current employee profiles, including Executive John Clarke
Executive
Executive