When was Algofi founded?

Algofi was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Algofi located?

Algofi is headquartered in New York City, United States.

How many employees does Algofi have?

As of Jul 01, 2024, the latest employee count at Algofi is 8.

Is Algofi a funded company?

Algofi is a funded company, having raised a total of $2.92M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 01, 2021.

How much is Algofi worth?

The latest valuation of Algofi is $***** as of Sep 01, 2021.

When was the latest funding round of Algofi?

Algofi's latest funding was a $***** Seed round on Nov 30, 2021, with participation from 6 investors. Its primary sector is Cryptocurrencies. In United States, the Cryptocurrencies sector has seen $2.45B in funding in 2026 to date.

Where does Algofi rank among its competitors?

Algofi ranks 155th amongst 1920 active competitors, of which 273 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Anchorage Digital, which secured $100M in Feb, 2026.

Who are the top competitors of Algofi?

Algofi's top competitors include BitGo, FalconX and Coins.ph. Among them, Anchorage Digital secured the most recent funding round in February, 2026.

Algofi - 2026 Company Profile, Team, Funding & Competitors

Algofi is a seed company based in New York City (United States), founded in 2021 by Owen Colegrove and John Clarke. It operates as a Financial solutions for cryptocurrencies. Algofi has raised $2.92M in funding from investors like Y Combinator, Union Square Ventures and Pillar VC, with a current valuation of $*****. The company has 1920 active competitors, including 273 funded and 53 that have exited. Its top competitors include companies like BitGo, FalconX and Coins.ph.

Company Details

Financial solutions for cryptocurrencies. It offers solutions such as an exchange platform for converting USD into USDC, depositing crypto for borrowing loans, and more. It features Algorithmic Money Market for accessing trading accounts, savings accounts, and more.

Key Metrics

Founded Year

2021

Location

New York City, United States

Stage

Seed

Total Funding

$2.92M in 2 rounds

Latest Funding Round

Seed, Nov 30, 2021, $*****

Post Money Valuation

$***** as on Sep 01, 2021

Investors

Y Combinator & 7 more

Ranked

155^th among 1920 active competitors

Employee Count

8 as on Jul 01, 2024

Similar Companies

BitGo & 2912 more

View Algofi's full profile

Algofi has raised a total funding of $2.92M over 2 rounds. Its first funding round was on Sep 01, 2021. Its latest funding round was a Seed round on Nov 30, 2021 for $*****. 6 investors participated in its latest round. Algofi has 8 institutional investors.

Here is the list of recent funding rounds of Algofi:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 30, 2021	5450313	Seed	2168346	7416408	1754602	4071199
Sep 01, 2021	1253992	Seed	1644027	4461691	Y Combinator	9733105

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View details of Algofi's funding rounds and investors

The founders of Algofi are Owen Colegrove and John Clarke.

Here are the details of Algofi's key team members:

Owen Colegrove: Former Co-Founder of Algofi and founder of 1 other company.
Contact Info: 2 email addresses
John Clarke: Former Co-Founder of Algofi.
Contact Info: 1 email address

View details of Algofi's Founder profiles and Board Members

Algofi's employee count trend

Algofi has 8 employees as of Jul 24. Here is Algofi's employee count trend over the years:

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Top competitors of Algofi include BitGo, FalconX and Coins.ph. Here is the list of Top 10 competitors of Algofi, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BitGo 2013, Palo Alto (United States), Public	Platform that offers crypto based financial services	$170M	Goldman Sachs, Redpoint Ventures & 41 others	81/100
2nd	FalconX 2018, San Francisco (United States), Series D	Online platform offering cryptocurrency trading and investment solutions for institutions	$430M	B Capital, Sapphire Ventures & 26 others	80/100
3rd	Coins.ph 2014, Pasig (Philippines), Acquired	Digital wallet for Bitcoin assets	$40M	Ribbit Capital, Innovation Endeavors & 17 others	79/100
4th	Amber Group 2017, Singapore (Singapore), Series C	Provider of blockchain-based financial solutions	$628M	Temasek, Fenbushi Capital & 32 others	78/100
5th	Fireblocks 2018, New York (United States), Series E	Provider of an online platform for crypto custody, payments, tokenization, and wallet-as-a-service	$1.04B	Spark Capital, Stripes & 38 others	76/100
6th	Luno 2013, London (United Kingdom), Acquired	App-based platform for crypto wallet and investments	$13M	Digital Currency Group, Balderton Capital ... & 14 others	76/100
7th	River Financial 2019, San Francisco (United States), Series B	Blockchain focused investment firm	$70M	Goldcrest, Kingsway Capital & 20 others	75/100
8th	Consensys 2014, Fort Worth (United States), Series D	Developer of blockchain and web3 software platform	$725M	Marshall Wace, Temasek & 58 others	75/100
9th	Anchorage Digital 2017, San Francisco (United States), Series E	Digital asset platform providing trading, custody, staking, settlement, and crypto financial infrastructure	$587M	GIC, Visa & 53 others	75/100
10th	BlockFi 2017, Jersey City (United States), Acquired	Online platform for trading, crypto-backed loans, interest accounts, and wallets	$466M	Valar Ventures, Bain Capital Ventures & 63 others	74/100
155th	Algofi 2021, New York City (United States), Seed	Financial solutions for cryptocurrencies	$2.92M	Union Square Ventures, Pillar VC & 6 others	42/100