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Algofi

DefunctYC S21

Founded 2021 · 7 employees · 7 known investors

Find your way into Algofi

Algofi develops financial infrastructure designed to lower entry barriers and increase accessibility in financial services.

Also known as ChainVault

Crypto & Web3FintechCrypto / Web3

Investors · 7

Arrington CapitalMiami
Y CombinatorSan Francisco · $500K
Arrington XRP Capitalreported · 3 sourcesSeattle · $100K – $5M
Formulate VenturesreportedSan Francisco
Pillar VCreported · 2 sourcesBoston · $50K – $4M
Union Square Ventures (USV)reportedNew York City · $1M – $8M

Also in the syndicate · 1

Shine VC

Funding

SEC filings, press & company announcements

$2.8M disclosed across 1 of 3 rounds · 2021

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Algofi Raises $2.8M in Seed Funding - FinSMEsfinsmes.com · Dec 2021Algofi Announces $2.8Million In Funding To Build Decentralized Lending Market On Algorand Blockchainaithority.com · Nov 2021Crypto lending platform Algofi raises £2.1m before December launch - Alternative Credit Investoralternativecreditinvestor.com · Nov 2021Algofi raises $2.8m to build decentralised lending marketfinextra.com · Nov 2021Algofi raises $2.8m to build decentralised lending marketfinextra.com · Nov 2021Y Combinator and Citadel Alums Launch DeFi Lending Protocol Algofiffnews.com · Aug 2021

Frequently asked questions

What does Algofi do?
Algofi develops financial infrastructure designed to lower entry barriers and increase accessibility in financial services.
Who are Algofi's investors?
Algofi's investors include Arrington Capital, Y Combinator, Arrington XRP Capital, Formulate Ventures, Pillar VC, Union Square Ventures (USV).
How much funding has Algofi raised?
Algofi has disclosed $2.8M raised across 1 of its 3 known rounds.