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High Tech Series B Founded 2014

Aergo

Aergo is an open-source hybrid blockchain smart contract platform designed for decentralized applications, combining enterprise-grade capabilities with public blockchain accessibility. The platform uses Lua as its smart contract language with SQL support, making it accessible to a broad developer base by leveraging proven database technology for blockchain development. Aergo operates on a Delegated Proof of Stake…

📍 Hong Kong, China · Blockchain Infrastructure,

Funding snapshot

Last roundSeries B
Amount$30M
Date18 November 2018
Total raised$39M
Team size19

About

Aergo is an open-source hybrid blockchain smart contract platform designed for decentralized applications, combining enterprise-grade capabilities with public blockchain accessibility. The platform uses Lua as its smart contract language with SQL support, making it accessible to a broad developer base by leveraging proven database technology for blockchain development. Aergo operates on a Delegated Proof of Stake (DPoS) consensus algorithm, delivering 10,000+ transactions per second with 7-second finality time and a minimal transaction fee of $0.001. The network has been live since April 2019 and maintains near net-zero CO2 consumption, making it eco-friendly. Aergo supports hybrid blockchain architecture, enabling enterprises to transition between private and public blockchain configurations, and serves over 50 enterprise clients across 43 current use cases. The platform offers AERGO Hub for blockchain hosting, allowing developers to build, test, deploy, and manage independent blockchains, and AERGO Marketplace for peer-to-peer computing asset transactions. AERGO Connect 3.0 serves as the official browser extension wallet for managing, sending, receiving, and exchanging AERGO tokens. The platform includes AERGO Agora, an on-chain governance system designed as a business-minded DAO for decentralized decision-making. AERGO tokens are traded on major exchanges including Coinbase, Binance, Crypto.com, KuCoin, Bithumb, and Gate.io. Founded in 2014 and headquartered in Hong Kong, Aergo has raised $38.9M in Series B funding from investors including Samsung Venture Investment, SparkLabs Ventures, POSCO Capital, Daesung Startup Investment, Sequoia Capital, NGC Ventures, Dekrypt Capital, FBG Capital, and Arrington XRP Capital.

Business model

Blockchain Infrastructure > Blockchain Network

Founders & team highlights

Serial Founder

Institutional investors

Samsung Venture Investment SparkLabs Ventures POSCO Capital Daesung Startup Investment Sequoia Capital Global Blockchain Innovative Capital NGC Ventures Dekrypt Capital FBG Capital Arrington XRP Capital Block Crafters Capital Rockawaycapital JRR Kosmos Ventures Wolfedge

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