Fast, low-cost decentralized lending platform built on Algorand. Building the new financial system. YC S21.
Location: United States, New York
Employees: 1-10
Total raised: $5.6M
Founded date: 2021
Investors 4
| Date | Name | Website |
| - | Bollinger ... | bollinger.... |
| - | Lattice | lattice.fu... |
| - | Arrington ... | arringtonc... |
| 29.07.2021 | Y Combinat... | ycombinato... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 03.12.2021 | Seed | $2.8M | - |
| 12.03.2021 | - | $2.8M | - |
Mentions in press and media 7
| Date | Title | Description |
| 11.07.2023 | DeFi Protocol Holding 55% of Algorand Value to Shut Down | Algofi, the largest decentralized finance protocol on layer-1 blockchain Algorand, said it will shut down following a "confluence of events" that meant it could no longer be maintained to its highest standard. The platform, which ... |
| 30.12.2021 | Algorand Surges as Foundation Incentivizes DeFi Activity on Algofi | Tokens of Algorand (ALGO) have added as much as 10% in the past 24 hours, becoming one of the few gainers on Thursday morning even as the broader crypto market extended its decline. ALGO hit a resistance level at $1.60 in early European tra... |
| 20.12.2021 | Liquidity Protocol Algofi Launches on Algorand, Offering a Lending Market, Stablecoin, and Liquidity Incentives | First previewed on TestNet earlier this fall, Algofi’s simple-to-use platform is now live on Algorand, enabling everyone from crypto-native traders to less tech-savvy retail users to earn interest, access leverage, and borrow against their ... |
| 01.12.2021 | Algofi Raises $2.8M in Seed Funding | Algolfi, a New York-based lending market and stablecoin protocol built on the Algorand blockchain, raised $2.8M in seed funding. The round was led by Union Square Ventures, Arrington XRP Capital, and Pillar VC with participation from Y Comb... |
| 30.11.2021 | The oddity of Jack Dorsey’s resignation letter from Twitter | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Twitter revealed on Monday that Jack Dorsey stepped down as CEO, making him CEO of just one compa... |
| 31.08.2021 | Here are all the companies from Y Combinator’s Summer 2021 Demo Day, Part 1 | Today Y Combinator kicked off the Demo Day cycle for its Summer 2021 cohort. The collection of early-stage startups on day one-of-two alone numbered in the hundreds, meaning that we had to assemble a team here at TechCrunch just to cover it... |
| 12.03.2021 | Algofi Raises $2.8M for its Decentralized Lending Platform Built on the Blockchain | After much anticipation, we are beginning to see real-world use cases for the blockchain as it transitions from abstract, theoretical concepts into practical applications that have the potential to change the standard order. The promise of ... |