Algorand Foundation

The Algorand Foundation, established in Singapore in 2019, is dedicated to fulfilling the global promise of blockchain technology through the Algorand protocol and open-source software. Its mission is to enable an inclusive, decentralized, and borderless global economy by providing opportunities for everyone to harness the potential of equitable and truly borderless economies.

John Woods

CTO

Eric Wragge

Global Head of Business Development and Capital Markets and Chairman of Investment Committee

Daniel Yang

Head of Defi

53 past transactions

Astrix

Grant in 2024
Astrix wants to revolutionize the ticketing sector by utilizing blockchain technology. Astrix envisions an enhanced event experience, real-time updates, and a system that is impenetrable to fraud. Astrix is an ecosystem that serves as a gateway to a more complex and captivating live event experience.

LW3

Grant in 2024
LW3 offers sustainable traceability and provenance solutions by utilizing advanced, non-cloneable physical IDs (such as QR codes and NFC tags), integrated with interoperable blockchain technology to support a circular economy

Arvo

Grant in 2024
ARVO aims to enable brands in a variety of industries by guaranteeing that their products are traceable, verifiable, and trustworthy, consequently improving customer experiences worldwide.

FilmFinance

Grant in 2024
FilmFinance's objective is to transform the film business by employing cutting-edge technology. It aims to democratize film finance, making it available to producers and investors globally,empower filmmakers to realize their dreams, and provide investors with unique and exciting opportunities.

Automaxis

Grant in 2024
Automaxis facilitates international trade by providing automated, secure, and transparent solutions. Its blockchain platform digitizes cross-border trade documentation, including bills of lading, enabling global trade participants to streamline processes and enhance trust in trade finance.

Vessel Finance

Seed Round in 2024
Vessel Finance is a ZK-powered order book exchange, seeks to combine the dependability of DEXs with the speed of CEXs.

CoBuy

Grant in 2024
CoBuy is an online real estate platform designed to facilitate the co-ownership of homes among friends, family members, unmarried couples, and second home investors. The platform offers a comprehensive suite of tools to guide users through the entire co-buying process, from planning and structuring to managing their joint ownership. CoBuy provides clear operating guidelines, assists in securing joint loans, and helps draft co-ownership agreements. By following best practices, the platform aims to mitigate risks and save users time and money, while also waiving fees for a limited time. Ultimately, CoBuy enables individuals to pool their financial resources effectively to purchase a home together, simplifying what can often be a complex process.

Kilde

Seed Round in 2023
Kilde facilitates investments in private debt for institutions and high-net-worth individuals. Its platform provides access to consumer and small business loans, offering diversified portfolios with risk management strategies.

Parcision

Pre Seed Round in 2023
Parcision leverages Web 3 technology and smart contracts to facilitate skill-based hiring in the financial industry. It aims to create a fair, transparent, and quantifiable assessment process for candidates, regardless of their background.

PlanetWatch

Convertible Note in 2023
PlanetWatch is a company focused on decentralizing and incentivizing air quality monitoring through the use of Internet of Things (IoT) sensors. By employing a new generation of fixed and mobile sensors, it creates low-cost, dense surveillance networks that can be rapidly deployed. The company harnesses the direct participation of the population to gather real-time environmental data, which is valuable for governments and businesses aiming to improve air quality. PlanetWatch utilizes blockchain technology to ensure data integrity and transparency, enabling users to access and share critical information for environmental purification efforts.

Quantum Temple

Pre Seed Round in 2023
Quantum Temple is a Web3 platform dedicated to preserving and sharing cultural heritage through blockchain technology. It facilitates equitable exchanges between conscious collectors and ancestral communities, aiming to protect and promote the knowledge, traditions, and art forms of diverse cultures worldwide. The platform employs a transparent and regenerative funding model that supports ancestral communities and enhances their contributions to cultural preservation. By leveraging blockchain as a regenerative finance infrastructure, Quantum Temple ensures that cultural heritage is maintained and shared in a sustainable manner, enabling long-term impacts on the communities involved.

Zabava Labs

Pre Seed Round in 2022
A blockchain technology company exploring immersive game experiences and community building tools.

Mintdropz

Grant in 2022
Mintdropz is a decentralized social media platform for creators built by creators to give them freedom to build, monetize, and grow in web3 in a seamless experience.

Mikomeda

Grant in 2022
Milkomeda delivers rollup technologies to leading Layer 1 ecosystems by offering the most popular smart contracting language, Solidity while enhancing inter-blockchain interoperability, user experience, and developer traction all at the Layer 2 level.

ALGOFAME

Grant in 2022
FAME: WEB3 solution Bridging the Gap in Global Agriculture.

HesabPay

Grant in 2022
HesabPay is an interoperable e-payments solution and works together with Afghanistan Payments Systems (APS).

Ultrade

Seed Round in 2022
Ultrade is a developer of a trading platform on the Algorand blockchain, specializing in decentralized finance (DeFi) solutions. The company enables users to create and launch scalable DeFi platforms at a significantly reduced cost, facilitating the development of unique decentralized trading applications that can accommodate all asset classes. Ultrade's platform supports cross-chain order book trading and provides distributed liquidity, allowing projects to launch branded interchain exchanges without extensive development or costs. By streamlining the process, Ultrade empowers users to build custom trading applications and develop their own tokens for cross-chain trading, all while eliminating the need for low-level coding related to order books or matching engines.

Musii

Pre Seed Round in 2022
Musii is a company that empowers independent artists by providing a platform for them to sell a portion of their music royalties to supporters who appreciate their talent. This approach not only allows artists to reach a broader audience but also creates a unique investment opportunity for fans. Additionally, Musii operates an exclusive marketplace for non-fungible tokens (NFTs), enabling artists to engage with their fans and explore innovative monetization strategies. Through the sale of exclusive experiences, unique products, and music royalties, Musii aims to enhance the relationship between artists and their supporters. Furthermore, Musii has developed a mobile application that serves as a social network, allowing users to discover and promote music while connecting with others who share similar musical tastes.

Carbon Counts

Seed Round in 2022
Carbon Counts develops Play-to-Plant games, notably EverForest, aiming to inspire individuals to combat climate change. Through engaging gameplay, users plant and grow trees in real-world ecosystems, collaborating with progressive organizations for positive environmental impact.

Orange DAO

Venture Round in 2022
Orange DAO is a San Francisco-based venture capital firm founded in 2021 that focuses on crypto and web3 technologies. It backs past, present, and aspiring Y Combinator founders who are building the future of the crypto ecosystem and seeks to spark and distribute opportunities for a fairer future.

University of Rome TRE

Grant in 2022
Roma Tre University is an Italian public research university located in Rome, Italy, with its main campus situated in the Ostiense quarter. Founded in 1992 by the Ministry of Public Education, under the request of several professors of the Sapienza University of Rome, it was the third public university to be established in the metropolitan area of Rome. The university comprises 8 schools and 32 departments, enrolling 35,338 students and having 1,370 academic and professional staff. At present, the university offers 54 undergraduate degree programs, 75 master's degree programs, 16 doctoral schools and five PhD programs. It is the second-largest university of Rome by enrollment and one of the largest research-based institutions in the country.

University of Cape Town

Grant in 2022
The University of Cape Town is a prominent public research university located in South Africa, recognized as one of the leading institutions in Africa. Established in 1829 as the South African College, it evolved into a full-fledged university in 1918, gaining the authority to confer degrees. The university is renowned for its research output, particularly in mathematics, applied sciences, and medicine. Additionally, it has a significant historical legacy of political activism, especially during the apartheid era, when it served as a stronghold for liberal progressivism and anti-apartheid movements.

Purdue University

Grant in 2022
Founded in 1869, Purdue University is a public land-grant research university located in West Lafayette, Indiana. It is renowned for its programs in science, technology, engineering, and agriculture, offering a wide range of undergraduate and graduate degrees.

Nanyang Technological University

Grant in 2022
Nanyang Technological University is a leading public autonomous research university in Singapore, consistently ranked among the world's top young universities. Established in 1991, it offers undergraduate and postgraduate programs across engineering, business, science, medicine, humanities, arts, social sciences, and graduate colleges.

Yale University Endowment

Grant in 2022
Yale University Endowment, established in 1973, is a prominent investment arm of Yale University, based in New Haven, Connecticut. It manages a diverse range of portfolios, including equity, fixed income, and alternative investments, globally. The firm employs a bottom-up, fundamental, and quantitative approach to create its portfolios, with a focus on value investing. It benchmarks performance against various indices such as the Wilshire 5000 and MSCI World. The earnings from the endowment support scholarships, research, and academic programs at Yale University, which comprises Yale College, the Graduate School of Arts and Sciences, professional schools, and various centers and programs. The Yale Corporation Investment Committee oversees the endowment, with the executive management team handling day-to-day portfolio management.

Carnegie Mellon University

Grant in 2022
Carnegie Mellon University is a renowned private research university, offering undergraduate and graduate programs across diverse fields, with a strong focus on technology and arts. It is particularly distinguished for its School of Computer Science, recognized globally for its research and education, and the Heinz College of Information Systems and Public Policy, which uniquely combines management and policy expertise. The university serves various sectors, including education, technology, and the arts, contributing significantly to these fields through its academic programs and research.

University of Florida

Grant in 2022
The University of Florida, established in 1853, is a public research university located in Gainesville, Florida. It offers a wide range of academic programs, conferring associate, bachelor's, master's, doctoral, and professional degrees across various disciplines, including languages, arts, sciences, engineering, and media. The university is renowned for its research activities and holds an endowment of $730.6 million.

Technical University of Munich

Grant in 2022
The Technical University of Munich (TUM), established in 1868 and based in Munich, Germany, is a leading technical university that serves over 50,000 students. TUM excels in research and education, focusing on interdisciplinary approaches to address significant societal challenges such as health, energy, environment, and mobility. The university is dedicated to fostering an entrepreneurial spirit and actively promotes the development of young scientists through innovative learning opportunities and strong partnerships with global companies and scientific institutions. TUM's commitment to excellence in education and research aims to create lasting societal value, solidifying its reputation as one of Europe's premier technical universities.

Blockpour

Seed Round in 2022
Blockpour is a multi-chain data aggregation and analytics platform designed to serve both retail traders and institutions in the decentralized finance (DeFi) space. The company offers in-depth analysis and real-time data across various blockchain networks, allowing users to view, compare, and track token data effectively. Its platform features tools for liquidity analysis, updates, and insights on liquidity pool actions, as well as alerts for potential risks such as rug pulls. By providing comprehensive metrics and resources, Blockpour aims to equip traders with the necessary information to navigate the complexities of the DeFi landscape.

FlexID

Grant in 2022
FlexID develops a blockchain-based digital identity platform that enables secure, user-centric management of identities. It uses decentralized identifiers and verifiable credentials, offering extensive API integration for customized applications across sectors like education, healthcare, and finance to enhance security and streamline identity verification.

Nimblr

Pre Seed Round in 2022
Nimblr is an insurance company focused on creating a decentralized insurance platform that leverages blockchain technology. The platform aims to facilitate a community-driven approach to insurance, allowing various stakeholders—including insureds, underwriters, actuaries, and assessors—to operate anonymously and autonomously. By providing digital asset and smart contract risk coverage, Nimblr enables users to establish efficient and profitable risk pools, contributing to the development of a decentralized insurance industry. The company also offers traditional insurance services, including actuaries, claims assessors, and appraisers, accessible through an online inquiry form on its website.

Gora

Seed Round in 2022
Gora operates a decentralized oracle network platform that connects the Algorand blockchain with real-world data. Its infrastructure accelerates decentralized application development by securely integrating off-chain data with smart contracts.

Neomoon

Seed Round in 2022
Neomoon is a digital bank designed to provide financial services based on stablecoins, specifically targeting the Latin American market. It aims to offer a secure and accessible dollar account for individuals looking to safeguard their funds against devaluation while facilitating everyday transactions. As the first bank of its kind in Latin America, Neomoon serves all Latin Americans regardless of their residence or nationality. The company's founders bring over 20 years of banking experience, leveraging their expertise and technological advancements to create a trustworthy platform. By reducing bureaucratic barriers, Neomoon enables users to engage with the modern financial system and protect their assets in a volatile economic environment.

Triangle Digital

Seed Round in 2022
Triangle Digital is a fintech company that specializes in smart climate and infrastructure finance. It has developed a big data platform that integrates big data and financial services to streamline the capital placement process. This innovative platform connects smart meters and IoT devices into a digital securitization framework, enhancing speed, efficiency, and transparency for stakeholders involved in both capital formation and asset management. By reducing costs and complexities associated with infrastructure projects, Triangle Digital facilitates operational compliance, reporting, and data consolidation. This enables corporate service providers, issuers, and investors to interact in a secure, compliant environment, promoting greater liquidity and broader distribution for climate and infrastructure investments.

Nettle Labs

Pre Seed Round in 2022
Nettle is the next step in the evolution of digital pay and loyalty rewards. It makes you and your customers Net Zero with every transaction, deepens customer engagement, and creates impact, with no extra effort at all.

Applied Blockchain

Grant in 2022
Applied Blockchain is a London-based company founded in 2015 that develops blockchain applications and provides consulting services using privacy-preserving distributed ledger technology and smart contracts. It builds enterprise solutions that apply advanced cryptography to enhance data security and privacy across industries such as financial services, energy, aviation, automotive, supply chain, telecom, legal, medical, property and recruitment. The company offers end-to-end services including architecture, privacy, user interface design, development and ongoing support, integrating blockchain technology to improve data security, transparency, automation and operational efficiency. Its solutions include a private blockchain banking application, biometric login and identity verification, a distributed drone registry and employment/academic verification tools, along with training workshops for clients. Shell has been reported as a major client and investor. Founded in 2015 and based in London, Applied Blockchain focuses on building and deploying secure, decentralized applications and infrastructure for enterprises and startups.

Ctrl Alt

Pre Seed Round in 2022
Founded in 2020 by Matt Ong, Ctrl Alt enables fintech platforms and investment firms to offer their clients access to alternative assets like green energy and property through tokenization. By facilitating fractional ownership of these assets, Ctrl Alt helps asset holders raise capital more efficiently. Headquartered in London with a team comprising financial and product experts from institutions such as Morgan Stanley, Credit Suisse, and Revolut.

ePioneers

Pre Seed Round in 2022
We build web3 infrastructure for nature restoration and climate finance. We embed climate action into every day spending via the tokenization of Nature and our climate marketplace.

Rand

Seed Round in 2021
Rand is an NFT platform focused on the Algorand blockchain, facilitating the buying, selling, and distribution of non-fungible tokens. The company provides tools for users to create, research, manage, collect, and trade digital assets efficiently. By leveraging Algorand's technology, Rand aims to enhance community experiences in the digital asset space, positioning itself as a trusted home for NFT enthusiasts and collectors.

Legends of Mitra

Grant in 2021
Legends of Mitra is a Free-to-Play-to-Earn game that rewards players with tokens and NFTs depending on their engagement and skills in the game.

Neomoon

Grant in 2021
Neomoon is a digital bank designed to provide financial services based on stablecoins, specifically targeting the Latin American market. It aims to offer a secure and accessible dollar account for individuals looking to safeguard their funds against devaluation while facilitating everyday transactions. As the first bank of its kind in Latin America, Neomoon serves all Latin Americans regardless of their residence or nationality. The company's founders bring over 20 years of banking experience, leveraging their expertise and technological advancements to create a trustworthy platform. By reducing bureaucratic barriers, Neomoon enables users to engage with the modern financial system and protect their assets in a volatile economic environment.

Marli Technology Solutions

Pre Seed Round in 2021
Marli Technology Solutions operates a decentralized finance platform that connects individuals and businesses with environmental projects aimed at reducing carbon dioxide emissions. The company facilitates funding for these initiatives through the issuance of verified tokens, which can be exchanged for real money. By enabling cross-border trading of high-quality carbon credits, Marli empowers its users to support projects that capture or absorb CO2. The organization is driven by a diverse team of experts dedicated to addressing climate change and assisting the United States and other nations in achieving their climate targets in a transparent and responsible manner.

LoginID

Grant in 2021
LoginID is a cybersecurity company that designs and develops secure biometrics software and provides a platform for biometric authentication across smartphones, tablets, and PCs. Founded in 2018 and based in Toronto, Canada, the company offers biometrics-enabled security features for websites, applications, and eCommerce platforms, enabling strong customer authentication, data privacy, and tokenization of personal identifiable information through a compliant decentralized network. It supplies APIs and SDKs to integrate FIDO-certified authentication quickly and at scale, helping enterprises meet regulatory requirements such as PSD2 and GDPR while reducing authentication costs. The solution emphasizes user identity protection and privacy, combining biometrics with privacy-first architecture to empower individuals to control their personal data.

Hex Trust

Venture Round in 2021
Hex Trust is a licensed provider of secure custody services for digital assets. It offers solutions including custody, decentralized finance (DeFi), brokerage, and financing through its proprietary platform Hex Safe™. The company serves financial institutions, digital asset organizations, corporates, and private clients, with offices in Hong Kong, Singapore, Vietnam, and expanding across Europe and the Middle East.

Marli Technology Solutions

Pre Seed Round in 2021
Marli Technology Solutions operates a decentralized finance platform that connects individuals and businesses with environmental projects aimed at reducing carbon dioxide emissions. The company facilitates funding for these initiatives through the issuance of verified tokens, which can be exchanged for real money. By enabling cross-border trading of high-quality carbon credits, Marli empowers its users to support projects that capture or absorb CO2. The organization is driven by a diverse team of experts dedicated to addressing climate change and assisting the United States and other nations in achieving their climate targets in a transparent and responsible manner.

Neomoon

Grant in 2021
Neomoon is a digital bank designed to provide financial services based on stablecoins, specifically targeting the Latin American market. It aims to offer a secure and accessible dollar account for individuals looking to safeguard their funds against devaluation while facilitating everyday transactions. As the first bank of its kind in Latin America, Neomoon serves all Latin Americans regardless of their residence or nationality. The company's founders bring over 20 years of banking experience, leveraging their expertise and technological advancements to create a trustworthy platform. By reducing bureaucratic barriers, Neomoon enables users to engage with the modern financial system and protect their assets in a volatile economic environment.

Women Who Code

Grant in 2021
Women Who Code (WWCode) is an international nonprofit organization focused on empowering women to succeed in technology careers. With a mission to increase the representation of diverse women in tech and leadership roles, WWCode offers various resources and support for its members. The organization has conducted over 10,000 free events globally and boasts a membership of more than 230,000 across 122 countries. WWCode provides technical education services, including study groups and networking opportunities, aimed at fostering career advancement and leadership development for women in the tech industry. Through its initiatives, WWCode seeks to inspire and equip women with the skills and community needed to thrive in their professional endeavors.

ZestBloom

Grant in 2021
ZestBloom is an innovative NFT collective agency focused on creating an energy-efficient marketplace for non-fungible tokens. Operating on the Algorand blockchain, the company emphasizes speed, security, and efficiency while maintaining a carbon-negative footprint. ZestBloom's platform features a cross-platform NFT search engine that tracks royalties and resales, providing creators and artists with essential tools for copyright protection of their digital media. By enabling effective management of digital content, ZestBloom helps safeguard creators against the misuse of their work, fostering a supportive environment for artists in the evolving digital landscape.

darshana.ai

Non Equity Assistance in 2021
Darshana is a B2B SaaS that connects global talent with trusted digital credentials, enabling seamless verification for education and professional skills. Using blockchain and AI, we ensure credentials are secure, reliable, and easily shareable. Our platform supports universities, employers, and individuals in building verified digital identities, we develop AI tools based on that data and help other tools and platforms providing trusted data to them. Together, we're shaping the future of work with trusted data.

Global Carbon Holding

Grant in 2021
Global Carbon Holding is an environmental company based in Hong Kong that specializes in consulting and renewable energy investments. The company collaborates with governments and private entities to calculate end-user carbon footprints and ensures compliance with carbon emission standards by working closely with accreditation authorities. In addition, Global Carbon Holding has developed a carbon credit tokenization platform that leverages blockchain technology, specifically the Algorand blockchain, to create a transparent global marketplace for certified carbon offsets. This platform facilitates the buying and selling of tokenized carbon credits, enhancing trust and traceability in transactions, and enabling clients to participate in a worldwide carbon offset market.

HKbitEX

Series A in 2020
HKbitEX is a digital asset exchange that focuses on providing spot trading services primarily for professional and institutional investors. The company operates a high-performance trading platform that offers comprehensive technology solutions, ensuring a smooth and structured trading experience. Committed to compliance and regulation, HKbitEX also facilitates over-the-counter (OTC) trading, catering to the needs of global professional investors in the digital asset market.

Yieldly

Seed Round in 2020
Yieldly is a protocol focused on developing a dynamic suite of non-custodial smart contracts on the Algorand blockchain. The company aims to democratize access to decentralized finance (DeFi) applications, with its initial offering being a no-loss lottery. This innovative lottery allows participants, including token holders and projects, to engage in various prize pools, thereby gamifying the processes of saving and holding cryptocurrency. By creating an accessible platform for liquidity, Yieldly seeks to enhance user engagement and broaden participation in the DeFi space.

New Computer Corporation

Private Equity Round in 2020
New Computer Corporation specializes in providing a web hosting and domain registration platform designed to offer reliable and affordable hosting services for businesses and individuals globally. The company’s offerings include a comprehensive suite of hosting solutions, such as shared hosting, VPS hosting, and dedicated hosting, alongside domain registration and various web-related services. This enables customers to easily create and manage their online presence. Moreover, New Computer Corporation integrates an application program interface for web3 infrastructure, blending emerging media, innovative technology, and product design to enhance digital marketing efforts.
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