What is Agora?
Agora Crypto is pioneering the digital dollar space with its stablecoin, AUSD. This digital currency is designed to be fully collateralized, freely tradable, and partner-focused, aiming to establish a secure and inclusive global financial system anchored to the US dollar. AUSD offers individuals and businesses worldwide instant, low-cost access to the utility of the US dollar, thereby empowering partners to create novel financial opportunities and foster greater financial inclusion.
How much funding has Agora raised?
Agora has raised a total of $62M across 2 funding rounds:
Angel/Seed
$12M
Series A
$50M
Angel/Seed (2024): $12M with participation from Kraken Ventures, Hack VC, General Catalyst, and DragonFly Capital
Series A (2025): $50M led by Paradigm and Dragonfly Capital Partners
Key Investors in Agora
Paradigm
Paradigm is a frontier technology investment firm that focuses on building and investing in sectors such as crypto, AI, and robotics from their inception. The firm collaborates with innovators and builders, offering support whether they have a nascent idea or wish to develop one of Paradigm's projects. Additionally, Paradigm develops open-source software aimed at advancing technology for everyone. Their portfolio reflects a commitment to exploring and investing in new technological frontiers.
Kraken Ventures
Kraken Ventures is an independent investment fund targeting early stage companies and protocols across the crypto and fintech ecosystem. The fund invests in the technologies powering the next wave of crypto and fintech innovation, providing entrepreneurs with the resources and industry expertise they need to build and scale their business.
Hack VC
Based in San Francisco, Hack VC is an early-stage venture capital firm focused on partnering with daring entrepreneurs at the earliest stages. Over the past decade, Hack VC is a shareholder in over 175 startups, including four unicorns. Hack VC aims to democratize access to top early stage technology startups to investors across the globe. The firm also manages the world's largest programmer conference, hack.summit() with over 135,000 attendees from 157 countries.
What's next for Agora?
The recent major strategic investment signals a critical growth phase for Agora. With substantial backing, the company is likely to accelerate the development and deployment of AUSD, focusing on expanding its partner network and enhancing the scalability and security of its platform. This financing will be instrumental in solidifying AUSD's position as a leading digital dollar solution, driving innovation in decentralized finance and cross-border transactions.
See full Agora company page
