Algodex raised $4 M in a new round of funding on 2022-05-12.

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According to media reports, Algodex raised $4 M in a new round of funding on 2022-05-12. the investors in this funding round include Black Dragon Capital,SolrDAO,SK Capital,Flow Investments and others. Following this round, Algodex's total funding reached $7 M.
Algodex is a decentralized exchange with an order book and funds fully on the Algorand blockchain. It uses smart contracts and escrow accounts to store limit orders, and enables peer-to-peer trading of all Algorand assets. On the platform, users keep control over the price they choose to trade at.

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ALGX Fundraising History
RoundAmountValuationTimeInvestor(s)
--$4 M--2022-05-12Black Dragon Capital,SolrDAO,SK Capital,Flow Investments
Key Milestones
  • 2022-05-13
    Algodex raised $ 4.12 M in funding round
  • 2022-02-10
    Algodex was live on mainnet
  • 2022-01-03
    Algodex raised $ 3.2 M in Seed round
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