Hey guys :) I’m back with yet another full list of partnerships and also venture capitalists for the promising cryptocurrency and blockchain technology company – Algorand (ALGO).
In this piece, I provide a brief overview of each and every one of Algorand’s partnerships and also list all of the Venture Capitalists investing in Algorand (ALGO) so that you can fully grasp the depth of this innovative blockchain project.
But before we dive in, let me give you a quick summary of what Algorand is and what it does.
Algorand is an innovative blockchain technology company that removes the technical barriers undermining mainstream blockchain adoption. They have built and developed the world’s first open, permissionless, pure proof-of-stake blockchain protocol that provides the foundation for the next generation of decentralized financial applications to be built.
Now that you have a basic understanding of what Algorand is, let’s dive into the project’s full list of partnerships and venture capitalists.
Full List of Partnerships:
- Republic (Source)
- Realio (Source)
- SFB Technologies (Source)
- Tether (Source)
- PlanetWatch (Source)
- Shyft Network (Source)
- Monerium (Source)
- IBMR.io (Source)
- SIAE (Source)
- PureStake (Source)
- Blockchain Education Network (BEN) (Source)
- World Chess (Source)
- International Swaps and Derivatives Association (ISDA) (Source)
- Cartan (Source)
- Runtime Verification (Source)
- Flipside Crypto (Source)
- Syncsort (Source)
- AssetBlock (Source)
Full List of Venture Capitalists (VCs):
- USV (Source)
- Pillar (Source)
- 11-11 Ventures (Source)
- Applied Crypto Ventures (Source)
- Lvna Capital (Source)
- BIXIN Capital (Source)
- Continue Capital (Source)
- Brainchild (Source)
- CMB International (Source)
- Algo Capital (Source)
- Eterna (Source)
- Mozaic Capital (Source)
- Foundation Capital (Source)
- Hex Capital (Source)
- Lemniscap (Source)
- MetaStable (Source)
- Multicoin Capital (Source)
- Neo Global Capital (NGC) (Source)
- NewStyle Capital (Source)
- P2P Capital (Source)
- Polybius Capital (Source)
- QCP Capital (Source)
- Transference Fund (Source)
- WING (Source)
- Youbi Capital (Source)
- 3.0 Capital (Source)
- Nirvana Capital (Source)
- Kosmos (Source)
- IMO Ventures (Source)
Partnerships in Detail:
March 17, 2020: Algorand and Republic have a strategic partnership which will see that Republic builds a digital security on the Algorand blockchain. The partnership will bring about new ways for accredited and non-accredited investors to capture the upside potential of Republic by providing novel exposure through its digital security.
Republic is an investing platform and technology services provider that enables inclusive investment access through crowdfunding and private syndication arms which have raised capital for over 170 startups and facilitated ~$67.5 million of investment last year alone.
March 5, 2020: Realio has partnered with Algorand to launch its RST token which aims to be the first truly hybrid security/utility token. RST tokens will be made available for purchase as an Algorand Standard Asset (ASA) which is designed for interoperability and will work with the RealioX blockchain.
Realio is an end-to-end, blockchain-based SaaS platform for the issuance, investment and life-cycle management of digital assets. It merges enterprise-grade blockchain solutions with institutional-quality investment vehicles to provide investors with a sophisticated issuance/investment platform.
3. SFB Technologies
March 2, 2020: SFB Technologies has partnered with Algorand to launch the blockchain for the world's first national digital currency, the Marshallese sovereign (SOV). The SOV digital currency will be built using Algorand blockchain technology and will help the Marshall Islands efficiently operate in the global economy.
SFB Technologies is a blockchain technology provider with a focus on developing blockchain infrastructure that merges digital currencies and mainstream regulatory compliance.
February 10, 2020: Tether has partnered with Algorand to leverage the innovation released in Algorand 2.0 with the launch of the Tether stablecoin on Algorand's blockchain platform. The Algorand Tether stablecoin will provide instant confirmation, micropayments, and automatic wallet support.
Tether was the first stablecoin in existence and is the most popular stablecoin today. Tether plays a significant role in the cryptocurrency market as it provides price stability and a secure, fast, and lowest cost way to transact with money.
January 24, 2020: PlanetWatch has partnered with Algorand to build the world's first immutable air quality ledger utilizing the Algorand blockchain and Internet-of-Things (IoT) technologies. Data gathered by air quality sensors will be stored on the Algorand blockchain and sensor owners will be rewarded with PLANET token for providing the data.
PlanetWatch is a tech startup that decentralizes, incentivizes, and gamifies air quality by leveraging the Algorand blockchain, data acquisition software, and air quality sensors. The PlanetWatch startup will deploy low-cost air quality monitoring networks that deliver real-time air quality data and store it on the immutable Algorand blockchain ledger.
6. Shyft Network
January 22, 2020: Algorand has partnered with Shyft Network to further the evolution of online trust applications. This partnership will see that Shyft Network acts as the identity layer for the growing Algorand ecosystem.
Shyft Network is a public blockchain protocol designed to aggregate and embed trust and validation into data stored on public and private ecosystems, as well as permissioned and permissionless networks. The Shyft Network enables the building of authentic digital reputation, identity, and credibility frameworks.
January 21, 2020: Monerium has partnered with Algorand to issue a fully programmable and redeemable e-money on the Algorand protocol. Monerium’s e-money will support fiat-currency transactions on Algorand and further pushes for mainstream adoption of blockchains.
Monerium is a financial technology company that’s on a mission to bring digital currencies and blockchain technology mainstream by making them accessible, secure, and simple to transact online. Monerium is the first and only company authorized to issue regulated e-money on blockchains and is a viable alternative to traditional financial institutions and payment providers.
December 12, 2019: The International Blockchain Monetary Reserve (IBMR) has partnered with Algorand to launch the Southeast Asia Microfinance Platform and the Asia Reserve Currency Coin (ARCC) on Algorand 2.0. The ARCC is the world’s first 'micro asset' that enables the financial inclusion of the underprivileged working class in Southeast Asia.
The International Blockchain Monetary Reserve (IBMR.io) is on a mission to create new decentralized macroeconomic development structures that improve the conditions of the urban working class.
December 6, 2019: SIAE has partnered with Algorand for the efficient management of copyright on the blockchain. Through this partnership, a new open ecosystem for copyright management will be developed on Algorand’s blockchain platform.
SIAE is a public economic institution and membership base for the management of copyright. Per annum, SIAE releases more than 1.2 million licenses for the use of works protected by them which ensures authors and publishers are compensated for their work.
August 22, 2019: PureStake has partnered with Algorand to release its Algorand API-as-a-Service which enables developers to easily interact with the Algorand network without needing to host and manage their own infrastructure. This partnership also includes PureStake as a sponsor for Algorand’s upcoming hackathons at the time.
PureStake provides blockchain companies and developers with secure and reliable blockchain infrastructure, APIs, and validator services for Algorand, Polkadot, and other Proof of Stake networks. PureStakes’ priorities in order are security, availability, and features.
11. Blockchain Education Network (BEN) (Source)
July 24, 2019: Blockchain Education Network (BEN) has welcomed Algorand as an integral partner in educating the growing community of blockchain enthusiasts. With this partnership, Algorand has engaged with and educated BEN’s community of students through comprehensive lesson plans and hands-on activities.
Blockchain Education Network (BEN) is a global network of students, alumni, professors, teachers, professionals, and community leaders excited about blockchain technology. The organization’s mission is to spur the adoption of blockchain technology by empowering individuals and companies with the knowledge of blockchain technology.
12. World Chess
July 19, 2019: Algorand has partnered with World Chess to become the official blockchain partner of the FIDE Grand Prix Series. This partnership reflects both Algorand’s and World Chess’ efforts to bring chess and blockchain to the masses. The partnership is very exciting for early blockchain adopters and computer science and chess enthusiasts.
World Chess and the FIDE Grand Prix is a series of four chess tournaments staged in global cities. The tournaments are comprised of the 21 strongest chess players in the world and are held once a year in different cities around the globe.
13. International Swaps and Derivatives Association (ISDA)
July 17, 2019: Algorand has become a member of the International Swaps and Derivatives Association (ISDA) to expand the number of possible transaction classes through advanced financial instruments on the blockchain. The partnership includes the implementation of ISDA’s Common Domain Model (CDM) on the Algorand blockchain which will enable financial organizations to easily create decentralized financial instruments.
The International Swaps and Derivatives Association (ISDA) is a trade organization of participants in the market for over-the-counter derivatives. It’s mission is to make the global derivatives markets safer and more efficient.
July 9, 2019: Caratan has partnered with Algorand to develop financial tools and products on the Algorand blockchain platform that will promote fintech adoption at an institutional level. According to Caratan, Algorand’s blockchain provides the foundational infrastructure that’s required for global financial networks.
15. Runtime Verification
June 25, 2019: Algorand has engaged with Runtime Verification to verify the correctness of the Algorand consensus protocol. Runtime Verification conducted a precise mathematical model of the protocol and verified its safety guarantee and that the Algorand blockchain never forks.
Runtime Verification is a company that designs models for high-value application domains and uses these models to develop products and services focused on correctness and security. In doing this, the company ensures the safety, reliability, and correctness of software systems.
16. Flipside Crypto
June 12, 2019: Flipside Crypto has partnered with Algorand to provide a dapp analytics toolset for Algorand developers. Flipside Crypto’s dapp toolset allows developers to annotate their dapp addresses; monitor the live number of active addresses, incoming transactions, and outgoing transactions; compare their dapp’s activity to other DApps, and more.
Flipside Crypto is a business intelligence firm providing fundamental data on major cryptocurrencies and blockchain organizations. The firm analyzes cryptocurrency user behavior and uses its findings to drive growth.
June 7, 2019: Syncsort has partnered with Algorand as they recognize the project as a next-generation platform that enterprises are embracing. The partnership includes Syncsort evaluating the potential of Algorand and is actively participating in the Algorand testnet to solve use case-specific challenges around data movement, data quality, and more.
Syncsort is a global leader in Big Data software that organizes data everywhere so that companies and organizations can quickly extract value from critical data. Syncsort has over 7,000 customers, including 84 of the Fortune 100 companies and operates in more than 100 countries with 800+ employees worldwide.
May 23, 2019: AssetBlock is utilizing Algorand’s blockchain technology as the foundation for modernizing real estate investment by leveraging digital assets. The Algorand blockchain is serving as a secure and immutable record of ownership of real estate assets, asset-related information, proof of loan transactions, and key loan documents on the AssetBlock platform.
AssetBlock is a company that increases access to high-performing investment opportunities by lowering the cost of capital for professionals across asset classes. AssetBlock is on a mission to make the private securities market more open and efficient through digital assets and blockchain technology.
Full List of Venture Capitalists (VCs):
1. Union Square Ventures (USV)
Union Square Ventures (USV) is a thesis-driven venture capital firm that was established in 2003. Since establishment, USV has invested in over 100 innovative companies that use the internet to reshape markets.
2. Pillar VC
Pillar VC is a venture capitalist firm that specializes in early-stage funding to founders. Pillar’s modo is to provide founders with the investment and support they would have wanted and to align the incentives and interests between investors and entrepreneurs.
3. 11-11 Ventures
11-11 Ventures is an innovation-driven venture capitalist firm that invests in promising early-stage blockchain-based companies. The firm is based out of the South-East coast and has invested int0 20 different blockchain-based startups including Algorand, Bakkt, Tari, Securitize, and more.
4. Applied Crypto Ventures
Applied Crypto Ventures is an early-stage venture capital firm that’s focused on investing in cutting edge technologies that drive, secure, and deliver data-driven financial services. Some of Applied Crypto Ventures' endeavors include Algorand, BlockStack, Circle, Dharma, and more.
5. Lvna Capital
Lvna Capital is a leading digital asset investment manager that focuses on institutional and professional individual investors. Their investment approach includes fundamental research and a focus on risk management to maximize returns and limit losses.
6. BIXIN Capital
BIXIN Capital invests in the most promising blockchain projects and helps them to grow extremely fast. BIXIN’s portfolio consists of 28 blockchain projects including Algorand, Loom, Aelf, Aeternity, Celer, QuarkChain, and more.
7. Continue Capital
Established in 2016, Continue Capital is a venture capital firm that focuses on investing in early-stage global blockchain companies and startups. The firm’s investment strategy covers the USA, Europe, China, and Singapore worldwide.
Brainchild is a globally oriented, stage agnostic venture capital firm that has independently funded over 135 companies and has pre-seeded or seeded transformational companies including DuckDuckGo, Blockstack, Science Exchange, Hero, Oscar Health, and others.
9. CMB International
CMB International is an investment firm that strives to provide quality financial services including corporate finance, asset management, wealth management, and equity and structured finance to corporate, institutional and individual customers around the globe. CMB International also provides state-of-the-art research in addition to its financial services.
10. Algo Capital
Algo Capital is a financial institution focused exclusively on powering Algorand’s borderless economy. They invest capital and build financial products that create value through Algorand’s decentralized economy.
11. Eterna Capital
Eterna Capital invests in disruptive companies related to blockchain technology as they believe blockchain technology has the ability to disrupt financial markets and improve inefficiencies across industries. Eterna Capital’s investments include Algorand, Dfinity, Hedera Hashgraph, and Origin Protocol.
12. Mozaic Capital
Mozaic Capital is a full-service investment firm that advises institutional investors by helping them navigate the secondary market for real estate and other alternative asset interests. Mosaic Capital services include valuation, structuring, and execution of investments.
13. Foundation Capital
Foundation Capital is a venture capital firm made up of former entrepreneurs who set out to create the firm they wish they had as founders. The firm has invested in many innovative fintech companies including Algorand, auxmoney, BlockCypher, BlockStack, CoverWallet, Decent, and more.
14. Hex Capital
Founded in 2017, Hex Capital invests in early-stage crypto assets and blockchain companies that solve challenging and complex technological, social, and financial problems by leveraging decentralized governance and open immutable ledgers. Hex Capital has invested in the following crypto companies: Algorand, Bloom, 0x Protocol, CryptoKitties, Basis, and Vault12.
Lemniscap is an investment and advisory firm specializing in investments of emerging crypto assets and early-stage blockchain companies. Some of Lemniscap’s investments were in the following projects: Algorand, Spacemesh, FTX, Kava, The Graph, Harmony, Bolt, and more.
MetaStable is an investment firm that manages crypto asset hedge funds. The firm invests in crypto assets, not companies because they believe blockchain technology has the potential to transform vast segments of the global economy.
17. Multicoin Capital
Multicoin Capital is a thesis-driven investment firm that invests in early-stage cryptocurrencies, tokens, and blockchain companies. Some of Multicoin Capital’s investments include Algorand, Arweave, Bakkt, Dfinity, Dfuse, Helium, Kadena, MobileCoin, and more.
18. Neo Global Capital (NGC)
Neo Global Capital is an institutional investment firm that invests in blockchain and distributed ledger technologies. NGC has been a key contributor to a number of leading blockchain projects including Algorand, OasisLabs, SpaceMesh, Trinity, NKN, and more.
19. NewStyle Capital
NewStyle Capital is a venture capital firm based out of China that invests in future infrastructure of Entertainment, Fintech, and Blockchain. The firm has a $300 million portfolio that includes entertainment companies like AStory and Aimhigh Global, Fintech companies like Ant Financial and E-Life Financial, and blockchain companies like Algorand, Oasis, Certik, Celer, and more.
20. P2P Capital
P2P Capital is a venture capital firm that’s been investing in cryptocurrencies and blockchain companies since 2014. The firm has backed more than 50 projects that align with its vision of the blockchain infrastructure for Web3. P2P Capital’s portfolio includes Bitcoin, Ethereum, Tezos, Cosmos, Polkadot, Aragon, NuCypher, Decred, Kava, DigixDAO, Algorand, Filecoin, Blockstack, Urbit, Dfinity, Solana, Synthetix, Nexus Mutual, and Acala.
21. Polybius Capital
Polybius Capital is a premier investment firm that invests in and supports blockchain companies and digital assets. The firm's portfolio consists of Algorand, Origin, Hedera Hashgraph, and VideoCoin.
22. QCP Capital
QCP Capital is a leading venture capital and digital economy trading firm based out of Singapore. The firm invests in and trades emerging opportunities in the digital economy market with a focus on blockchain companies and cryptocurrency.
23. Transference Fund
Transference Capital Management Limited is a long-term value blockchain investment fund based out of China. The fund focuses on investing in distributed business ecosystems and supports blockchain and cryptocurrency startups. Some of Transference Fund’s investments include Algorand, Telegram, Basis, Foam, MobileCoin, Certik, and more.
Wing is a venture capital firm that invests in promising blockchain and cryptocurrency companies they believe in for the long term. Wing’s purpose is to help these companies get to a multi-billion dollar valuation. Some of Wing’s investments include Algorand, Airgo, Bungalow, Jasper, Tigera, FireEye, and more.
25. Youbi Capital
Youbi Capital is a private equity fund based out of the Cayman Islands. The fund focuses on investing in overseas blockchain projects and has established strategic partnerships with multiple next-generation blockchain companies including Algorand and others.
26. 3.0 Capital
3.0 Capital is a multi-strategy crypto asset fund that’s involved with seed investments, ICO's and pre-sales, and the active management of exchange-traded crypto assets. 3.0 Capital invests in blockchain-based projects that redefine money, reshape businesses, decentralize identity, create true privacy, modernize communication, innovation in gaming, and much more.
27. Nirvana Capital
Nirvana Capital is a blockchain/fintech investment fund based out of San Francisco and Beijing. Their portfolio of investments include projects like Algorand, Polkadot, Golem, OmiseGo, Raiden Network, Chainlink, Theta, 0x, Loom Network, and many more.
28. Kosmos Ventures
Kosmos Ventures is an Australian-based investment firm that’s focused on helping blockchain startups scale and achieve adoption with mainstream enterprises. Kosmos Ventures helps blockchain companies with financing, technology assessment, advising on PR and communication strategies, and more. Some of Kosmos’ investments include Algorand, BlockCloud, Certik, Tezos, OmiseGo, Zilliqa, and more.
29. IMO Ventures
IMO Ventures is a successful venture capital firm that invests in some of the hottest startups and companies around the world. The firm has offices in Silicon Valley, Beijing, and Hong Kong and focuses on investing in companies with disruptive and innovative technologies. Some of IMO Ventures’ investments include Algorand, Telegram, Lime, RiverPay, Cobo, and many more.
Hope you enjoyed that read :) Let me know if I have missed any partnerships, integrations, or collaborations in the comment section below.