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The Venture Codex

Algorand

399 Boylston Street Suite 800, Boston, MA, 02116, United States

Overview

Algorand is positioned to address the blockchain’s scaling challenges through rapid and efficient user consensus, enabling even the smallest transactions, regardless of transaction volume or number of users.

Total investments
6
Lead investments
0
Investments · 12mo
0
Active investors
8

Sector focus

  • Blockchain
  • Cryptocurrency
  • FinTech
  • Smart Contracts
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Investment portfolio

  • PlanetWatch

    Participated · Safe · Jan 2023

    PlanetWatch deploys a dense, low-cost air quality monitoring network using high-performance sensors, advanced algorithms, and the Algorand blockchain to build an immutable global air quality data ledger. The network powers data products for governmental and private sector entities and currently has over 20,000 sensors active worldwide. The company plans to strengthen its technical infrastructure, expand the monitoring network, and boost business development with the new funding. PlanetWatch is an official CERN spin-off and a member of the Crypto Sustainability Coalition fostered by the World Economic Forum. Claudio Parrinello leads the company as CEO. The firm leverages Algorand technology as a core part of its decentralized data approach. PlanetWatch leverages the Algorand blockchain to store real-time data from a dense mesh of air-quality sensors and to reward contributors with the PLANET utility token. The company decentralizes and incentivizes air-quality monitoring by distributing tokens to sensor owners. Most sensors are installed by individuals (indoors, outdoors or carried), with additional deployments through partnerships with transport and telecommunications companies and local authorities. PlanetWatch is testing its platform and aims for a full launch during the summer. The company has joined CERN’s spin-off partnership program and the Eterna Borderless Venture Studio (an initiative led by Eterna Capital, Borderless Capital, and Algorand). The company is led by CEO Claudio Parrinello and is based in St. Genis-Pouilly, France.

  • Neomoon

    Participated · Seed · Jun 2022

    Neomoon is a digital bank operating in US dollars and built on a stablecoin, aimed at providing Latin Americans tools to protect their money from devaluation and facilitate day-to-day transactions. The company launched its market entry in April of the reported year and is led by founder and CEO Fedor Saldivia. Neomoon has grown organically and through community engagement tied to Saldivia’s social following, averaging about 570 new daily users and surpassing 50,000 registered users. It plans to use newly raised funds to scale its solutions in the coming months. The product focus is on dollar-denominated accounts and payment capabilities for users across Latin America. The company is based in Miami, FL.

  • TravelX

    Participated · Seed · Mar 2022

    TravelX builds an AI-native post-booking revenue management platform that turns static airline inventory into continuously optimized, dynamic commercial assets. The company positions itself as the intelligence layer for next-generation airline revenue management, using AI to respond to evolving demand, operations, and customer circumstances after booking. TravelX plans to use the $45 million Series A to accelerate product innovation, expand its AI platform, and grow its global commercial presence. Kaszek led the new round—its first investment in aviation tech—with participation from Thayer Ventures. TravelX previously raised $10 million in a Series A led by BNM Capital for its blockchain technology.

  • Ethernal Labs

    Participated · Seed · Feb 2022

    Ethernal Labs is a first-of-its-kind incubator and technology studio that combines NFT and metaverse marketplaces, a social platform for fan tokens, avatar/AR tools, and play-to-earn gaming. The studio positions itself as an all-in-one destination for athletes, musicians, celebrities, and creators to launch NFTs, community tokens, and branded virtual experiences. Its roadmap includes EyeCandy, a decentralized auction marketplace slated for launch in Q2 2022, and Fanable, a social platform enabling fan token utility and interactive community engagement. The platform is built around a native ERN token that will provide utility across marketplaces, real-world and virtual experiences, and P2E mechanics. Ethernal Labs emphasizes cross-chain interoperability and verified, authenticated NFTs leveraging Ethernity’s existing market and authenticated NFT collection. The company says it will offer white-label solutions and act as a creative partner to bring brands and notable figures into the web3 ecosystem.

  • MyCointainer

    Participated · Seed · Jan 2022

    MyCointainer is a platform that enables customers to stake cryptocurrencies and tokens starting with as little as 1 EUR and earn daily rewards. The product supports more than 100 digital assets, including Polkadot, Cardano and Elrond, and allows staking via purchases, transfers and delegations from users' wallets. The company has generated over $3 million in rewards for its more than 110,000 users and employs over 42 people. MyCointainer holds a financial institution license in Estonia and cites key markets including the UK, the USA, France and Italy. It has partnerships with projects such as Elrond/Maiar, Avalanche Labs, Waves and Cosmos, and has notable asset activity like nearly 8,000 active Polygon participants. The company plans to use funding to develop its yield-earning platform, improve its B2B products, expand across Europe, Asia and the Middle East and grow its team.

Team