August 27, 2019 Algorand ecosystem fund raises $200 million from investors including Arrington XRP Capital and Bakkt.

Algo Capital will launch two funds, a ‘tracker’ fund that stakes ALGO and participates in auctions, and a VC fund investing in startups using Algorand. Both funds will benchmark returns against ALGO, which has fallen 80% in USD terms since its first public auction through Coinlist in June.