Alexgo Pte. Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Alexgo Pte. Ltd. - overview
Established
2021
Location
-, -, Singapore
Primary Industry
Financial Services
About
Founded in 2021 by Rachel Yu and others and based in Singapore, Alexgo Pte. Ltd. operates as an open-source decentralized finance protocol on Bitcoin via Stack, allowing projects to create tokens, fixed-rate and fixed-term borrowing/lending without the risk of liquidation, advanced DEX (Decentralized Exchange), and deposit tokens to earn interest and returns through yield farming. In March 2024, Alexgo Pte.
Ltd. raised USD 10 million in venture funding led by Spartan Capital Advisors, including CMS Holdings, LLC, Digital Asset Capital Management, DWF Labs, Foresight Ventures, G20 Ventures, Ouroboros Group, Summer Capital, Everest Ventures Group, and Cultur3 Capital. The company provides a platform, ALEX, that offers financial solutions on the Bitcoin blockchain. This ecosystem enables the creation and management of financial applications by leveraging Bitcoin's network.
The firm’s key products include a decentralized exchange (SWAP) for asset trading, a lottery-based Launchpad for new project tokens, and a trading platform (B20) for order execution. In addition, ALEX provides tools for deploying and managing BRC20 tokens and a bridge service for cross-chain connectivity. The organization plans to use the March 2024 funding to accelerate the development of its Bitcoin-specific decentralized finance, hire additional staff, and strengthen its business development strategies.
Current Investors
White Star Capital, Perpetual Value Partners, OK Blockchain Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Internet, Accounting/Finance Software
Website
www.alexgo.io/
Verticals
Artificial Intelligence, Blockchain, FinTech
Company Stage
Series A
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.