Written by Evan Schindler

From Pittsburgh with a background in payments, mobile applications and marketing technology. My future is in blockchain.
October 29 2018

What do VCs think about ICOs? Algo Capital Answers

Algorand has raised $62 million in venture funding from Union Square Ventures and Pillar Companies.

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One of the major projects on our radar for 2019, Boston-based Algorand has raised $62 million in venture funding from Union Square Ventures and Pillar Companies, as well as other notable international investors.

Arul Murugan is the Managing Partner at Algo Capital, a fund based exclusively on the Algorand ecosystem that will invest into projects and teams using the Algorand protocol.

Algorand's founder, Silvio Micali, is an Italian computer scientist at MIT Computer Science and Artificial Intelligence Laboratory. They have also recently announced that the project has brought on former Fuze chief executive Steve Kokinos as its CEO, and former LogMeIn chief marketing officer Sean Ford as its chief operating officer.

Check out the interview below, subscribe, and leave a comment if you have questions about security challenges in the blockchain space.

 

 

 

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Topics: Blockchain, Video, Conference, Blockchain Technology, Venture Capital