# Alexgo Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alexgo-pte

- Industry: Financial Services
- Headquarters: Singapore
- Website: www.alexgo.io/
- Total disclosed funding: $5.7M
- Latest round: Series A (Oct 10, 2022)
- Investors on record: 13

## About

Founded in 2021 by Rachel Yu and others and based in Singapore, Alexgo Pte. Ltd. operates as an open-source decentralized finance protocol on Bitcoin via Stack, allowing projects to create tokens, fixed-rate and fixed-term borrowing/lending without the risk of liquidation, advanced DEX (Decentralized Exchange), and deposit tokens to earn interest and returns through yield farming. In March 2024, Alexgo Pte. Ltd. raised USD 10 million in venture funding led by Spartan Capital Advisors, including CMS Holdings, LLC, Digital Asset Capital Management, DWF Labs, Foresight Ventures, G20 Ventures, Ouroboros Group, Summer Capital, Everest Ventures Group, and Cultur3 Capital.

The company provides a platform, ALEX, that offers financial solutions on the Bitcoin blockchain. This ecosystem enables the creation and management of financial applications by leveraging Bitcoin's network. The firm’s key products include a decentralized exchange (SWAP) for asset trading, a lottery-based Launchpad for new project tokens, and a trading platform (B20) for order execution. In addition, ALEX provides tools for deploying and managing BRC20 tokens and a bridge service for cross-chain connectivity.

The organization plans to use the March 2024 funding to accelerate the development of its Bitcoin-specific decentralized finance, hire additional staff, and strengthen its business development strategies.

## Funding rounds

- Series A, Oct 10, 2022, $5.7M — White Star Capital, Perpetual Value Partners, OK Blockchain Capital, GBIC, SeaX Ventures, GBV Capital, Westridge Markets, Cultur3 Capital, a41 Ventures, Stacks Accelerator, Gossamer Capital, Catcher VC, Daemon Technologies Inc.

## Investors

- White Star Capital (https://capitalatlas.ai/funds/white-star-capital) — Series A
- Perpetual Value Partners — Series A
- OK Blockchain Capital — Series A
- GBIC — Series A
- SeaX Ventures (https://capitalatlas.ai/funds/seax-ventures) — Series A
- GBV Capital (https://capitalatlas.ai/funds/gbv-capital) — Series A
- Westridge Markets — Series A
- Cultur3 Capital — Series A
- a41 Ventures — Series A
- Stacks Accelerator — Series A
- Gossamer Capital (https://capitalatlas.ai/funds/gossamer-capital) — Series A
- Catcher VC — Series A
- Daemon Technologies Inc. — Series A