{"id":51155,"date":"2021-10-14T09:16:02","date_gmt":"2021-10-14T06:16:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51155"},"modified":"2025-09-02T22:10:27","modified_gmt":"2025-09-02T19:10:27","slug":"alan-howard-and-algorand-back-makor-group-in-series-a-financing","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/alan-howard-and-algorand-back-makor-group-in-series-a-financing\/","title":{"rendered":"Alan Howard and Algorand Back Makor Group in Series A Financing"},"content":{"rendered":"<p>Regulated by the Financial Conduct Authority (<span data-descr=\"Financial Conduct Authority\" class=\"old_tooltip\">FCA<\/span>) investment-banking company Makor Group <a href=\"https:\/\/www.prnewswire.com\/news-releases\/makor-group-announces-series-a-raise-at-200m-valuation-301399040.html\">closed<\/a> a Series A financing round with the participation of billionaire Alan Howard and Algorand. The funds will be used to expand the crypto-brokerage business of its Enigma Securities subsidiary.<\/p>\n<p>Makor Group&#8217;s valuation reached $200 million. In the financing round, the company attracted $17 million, according to <a href=\"https:\/\/www.theblockcrypto.com\/post\/120393\/makor-raises-funds-200-million-valuation-expand-crypto-brokerage\">The Block<\/a>.<\/p>\n<p>Makor Group will also deploy the funding toward international expansion and acquisitions of competitors.<\/p>\n<p>Algorand CEO Stephen Kokinos will join the company&#8217;s board of directors. Makor Group plans to offer solutions to partner organisations interested in blockchain to modernise traditional financial models.<\/p>\n<p>Earlier, Alan Howard invested in crypto startups such as <a href=\"https:\/\/forklog.com\/en\/news\/billionaire-alan-howard-invests-25-million-in-copper-the-london-custodian\">Copper<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/billionaire-alan-howard-backs-custodian-komainu-in-25-million-series-a-round\">Komainu<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/block-one-invested-10bn-in-launching-its-own-bitcoin-exchange\">Bullish Global<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/alan-howard-and-nydig-back-bottlepays-micro-payments-service-in-a-15-5-million-seed-round\">Bottlepay<\/a>, and <a href=\"https:\/\/forklog.com\/en\/news\/ledn-the-crypto-lending-platform-attracted-30-million-from-alan-howard-and-other-investors\">Ledn<\/a>, as well as in the funds <a href=\"https:\/\/forklog.com\/en\/news\/10t-holdings-attracts-750-million-for-launched-crypto-startup-funds\">10T Holdings<\/a> of Dan Tapiero and <a href=\"https:\/\/forklog.com\/en\/news\/billionaire-alan-howard-backs-hedge-fund-that-invested-600-million-in-bitcoin\">One River Digital Asset Management<\/a>. In addition, he <a href=\"https:\/\/forklog.com\/en\/news\/coinshares-to-acquire-billionaire-alan-howards-etf-provider\">owns Elwood Technologies<\/a>, which helps banks and fintech firms access crypto liquidity via <span data-descr=\"application programming interface\" class=\"old_tooltip\">API<\/span>.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regulated by the FCA, Makor Group closed a Series A financing round with the participation of billionaire Alan Howard and Algorand. The funds will be used to expand the crypto brokerage business of its Enigma Securities subsidiary.<\/p>\n","protected":false},"author":1,"featured_media":51156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1329,1156,810,1133],"class_list":["post-51155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-algorand-algo","tag-institutional-investors-and-whales","tag-united-kingdom","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=51155"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51155\/revisions"}],"predecessor-version":[{"id":51157,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51155\/revisions\/51157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/51156"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=51155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=51155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=51155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}