# Algorand Ventures

> Algorand Ventures is a VC fund in Singapore backing Financial Services. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Singapore, Singapore
- Total investments: 2
- Last investment: Nov 2024
- Lead investor: 50%
- Last updated: Aug 2026

Algorand Ventures is a VC fund in Singapore focused on Financial Services. Algorand Ventures is the new program dedicated to providing funding and launch support to the best builders and investors in the algorand ecosystem.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Folks Finance | Folks Finance is the leading algorithmic capital markets protocol for lending and borrowing built and operated on top of the Algorand blockchain. Through the lending operations, Folks users can deposit liquidity and start earning a continuous economic return instantly. Through the borrowing operation, the users can request crypto loans by lockingdeposited funds as collateral. Folks Finance is the result of extensive research and engineering conducted by Blockchain Italia, a blockchain software house strongly focused on Algorand. The protocol innovations include a disruptive economic lending model designed for the soundness and security of the users, and the introduction of unique features such as staking of rewards, safety margins for cryptocurrency pairs, and an innovative liquidity provision system. | $3.2M | Series A | Nov 14, 2024 |  |
| HesabPay | HesabPay is an interoperable e-payments solution and works together with Afghanistan Payments Systems (APS). |  | Venture - Series Unknown | Dec 01, 2023 |  |

2 of 2 investments shown.

## Co-investors
- [2x17 Fund](https://shizune.co/investors/profile/2x17-fund) — VC Fund, 1 deal together
- [Absoluta Digital](https://shizune.co/investors/profile/absoluta-digital) — VC Fund, 1 deal together
- [Borderless Capital](https://shizune.co/investors/profile/algo-capital) — VC Fund, 1 deal together
- [Black Alpha Capital](https://shizune.co/investors/profile/black-alpha-capital) — VC Fund, 1 deal together
- [BlackDragon](https://shizune.co/investors/profile/blackdragon-f0e4) — VC Fund, 1 deal together
- [Borderless Capital](https://shizune.co/investors/profile/borderless-capital) — VC Fund, 1 deal together

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## FAQ

### What does Algorand Ventures invest in?

Algorand Ventures invests primarily in Financial Services startups, most often at Funding Round stage. Most of the 2 investments tracked by Shizune back companies in Afghanistan. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Algorand Ventures last invest?

The most recent investment recorded for Algorand Ventures closed in Nov 2024. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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