# Blockchain Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blockchain-technologies

- Industry: Financial Services
- Headquarters: Jersey City, US
- Website: www.algofi.org
- Total disclosed funding: $2.1M
- Latest round: Seed (Nov 19, 2021)
- Investors on record: 6

## About

Based in Paris, France, and founded in 2021 by Owen Colegrove, Blockchain Technologies, Inc. dba Algofi, is a decentralized cryptocurrency lending platform that aims to make decentralized lending more commonly accessible. In November 2021, Blockchain Technologies, Inc. raised USD 2.8 million in seed funding co-led by Arrington XRP Capital, Pillar Companies, Union Square Ventures, with participation from Formulate Ventures, Shine Capital, and Y Combinator. 

Blockchain Technologies, Inc. is developing the crypto native bank that is powered by decentralized finance. The company’s platform allows users to lend cryptocurrency, borrow to facilitate trading activity, and earn interest on deposits. In addition, the company is building fiat rails that will enable users to move value off and onto the Algorand network. 

Blockchain Technologies plans to use its proceeds from November 2021 funding to scale and grow the number of transactions. In addition, the company is also planning to launch its stable coin and lending protocol in December 2021.

## Funding rounds

- Seed, Nov 19, 2021, $2.1M — Union Square Ventures, Y Combinator, Pillar, Arrington Capital, Shine Capital, Formulate Ventures

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Pillar (https://capitalatlas.ai/funds/pillar) — Seed
- Arrington Capital — Seed
- Shine Capital — Seed
- Formulate Ventures (https://capitalatlas.ai/funds/formulate-ventures) — Seed