Algo VC Raised $200 Mn from Funding Round

A financial institution which focuses on accelerating access, adoption and liquidity of the Algo, Algo Capital has shared that it has successfully surpassed its original funding round goal, and raised $200 million. The founder of Algo Capital, Arul Murugan expressed, “Our investment approach specifically targets companies that are creating the next great blockchain application and infrastructure solutions, and as a result helping to speed blockchain adoption and brings millions of new users into the Algorand network.”

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