We’re very happy to affix forces with Algo Capital, a brand new $200 million enterprise fund based by David Garcia and Arul Murugan. We have now invested within the fund, which is able to concentrate on the Algorand ecosystem.

See Coindesk: Arrington XRP Backs Fund’s $200 Million Raise for Algorand Blockchain

We be a part of our mates on the Algorand Basis, Neo International Capital, Eterna Capital, GSR, Cognitive Blockchain, Rokk3r, Wibson, 11-11 Ventures, DG Ventures, Winslow Robust, Invermaster and different buyers in supporting this new fund.

Algo Capital solely takes commitments in Algos, very similar to our personal XRP-only coverage. We’re very excited to be buyers within the new fund, and look ahead to co-investing in new blockchain tasks with them sooner or later.

Extra protection:

The Block: Bakkt investor backs $200M VC fund focused on Algorand blockchain

Finance Magnates: Algo VC Fund Raises $200M to Promote Algorand Blockchain

Yahoo Finance: Arrington XRP Backs Fund’s $200 Million Raise for Algorand Blockchain

BusinessWire: Algo Capital Closes Algo VC Fund at $200 Million

hypepotamus: ATLANTA-BASED VCS RAISE $200M BLOCKCHAIN FUND

Blockchain Information: Algo Capital Closes Algo VC Fund at $200 Million – Doubling Expected $100 Million

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