Algo Capital closes Algo Venture Capital for $200 million

According to Business Wire, Algo Capital, a financial institution focused on accelerating adoption and liquidity of Algorand (Algo), today announced that its Algo venture capital fund was closed with $200 million in funding, surpassing the company’s initial target of $100 million. . The fund will invest in leading companies based on the Algorand technology platform and seek to accelerate the use and acceptance of Algo as a means of payment.