{"id":53866,"date":"2021-12-01T11:33:47","date_gmt":"2021-12-01T09:33:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53866"},"modified":"2025-09-03T17:22:16","modified_gmt":"2025-09-03T14:22:16","slug":"borderless-capital-launches-a-500m-fund-to-back-algorand-projects","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/borderless-capital-launches-a-500m-fund-to-back-algorand-projects\/","title":{"rendered":"Borderless Capital launches a $500m fund to back Algorand projects"},"content":{"rendered":"<p>The venture-capital firm Borderless Capital, focused on the Algorand blockchain ecosystem, announced the launch of Borderless ALGO Fund II, a $500 million fund.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are excited to announce the launch of our $500M Borderless ALGO Fund II!<a href=\"https:\/\/t.co\/EP0U6Ib8HV\">https:\/\/t.co\/EP0U6Ib8HV<\/a> <a href=\"https:\/\/t.co\/okXf6GBFo8\">pic.twitter.com\/okXf6GBFo8<\/a><\/p>\n<p>\u2014 Borderless (@borderless_cap) <a href=\"https:\/\/twitter.com\/borderless_cap\/status\/1465757394831650827?ref_src=twsrc%5Etfw\">November 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>According to the press release, the fund will &#8220;invest in digital assets supporting the next generation of decentralized applications on Algorand&#8221;.<\/p>\n<p>Among the company&#8217;s core areas are <span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span> and <span data-descr=\"decentralized finance\" class=\"old_tooltip\">DeFi<\/span>.<\/p>\n<p>In June 2019, the firm launched Borderless ALGO Fund I, which initially raised $200 million.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We founded Borderless Capital in November 2018, even before the Algorand mainnet launch. It is striking how the ecosystem has expanded since then, but we believe this is only the beginning and there are many opportunities for growth,&#8221; said managing partner and co-founder David Garcia.\u00a0\u00a0\u00a0\u00a0<\/p>\n<\/blockquote>\n<p>Through a family of funds focused on Algorand-related projects, the company manages $400 million in assets.<\/p>\n<p>In just two and a half years, Borderless Capital has invested in more than 100 companies. Among the key portfolio companies backed by Borderless ALGO Fund I: Yieldly.Finance, Reach, AlgoMint, Runtime Verification, HummingBot, HexTrust, Opulous, Six Clovers, Securitize, BlockDaemon, IntoTheBlock, Flare Network, Osprey Funds and many others.<\/p>\n<p>The firm also participates in four accelerator programs for Algorand projects in Asia, <a href=\"https:\/\/forklog.com\/en\/news\/algorand-foundation-launches-accelerator-for-european-startups\">Europe<\/a> and North America.<\/p>\n<p>Earlier, the Algorand team became a strategic partner of Hivemind Capital Partners, <a href=\"https:\/\/forklog.com\/en\/news\/former-citi-top-trading-executive-launches-a-1-5-billion-fund-to-invest-in-the-crypto-industry\">launched a $1.5B fund<\/a> to invest in the crypto industry.<\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The venture-capital firm Borderless Capital, focused on the Algorand ecosystem, announced the launch of Borderless ALGO Fund II, a $500 million fund.<\/p>\n","protected":false},"author":1,"featured_media":53867,"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":[1329,1133],"class_list":["post-53866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-algorand-algo","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53866","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=53866"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53866\/revisions"}],"predecessor-version":[{"id":53868,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53866\/revisions\/53868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/53867"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=53866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=53866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=53866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}