Algorand receives a $100 million investment from Michael Arrington’s venture capital fund.

The Venture Capital Firm Arrington Capital Management has launched an Ecosystem Fund to support companies based on Algorand, a Layer 1 blockchain. The Arrington Algo Growth Fund puts aside funds to purchase stock and tokens from enterprises in Algorand's rapidly expanding ecosystem.

https://www.ecryptocurrency.co/2021/06/12/algorand-receives-a-100-million-investment-from-michael-arringtons-venture-capital-fund/