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Borderless Capital: $ 500 million for ALGO projects



Borderless Capital wants to support projects with a USD 500 million fund that drive the “new generation” of dApps on the Algorand blockchain. A lot is also to be done in terms of NFT.

Borderless Capital venture capital firm has launched a $ 500 million fund. This is about supporting projects that are based on the Algorand blockchain. As stated in a press release from the Miami-based company, the fund is called the Borderless ALGO Fund II . Its goal is to support digital assets that will power the “next generation” of decentralized applications (dApps) on Algorand. 

Borderless Capital is already one of Algorand (ALGO )’s leading investors. With this new fund, the company is doubling its exposure to the ecosystem. In June 2019, the ALGO Fund I started, which initially brought in 200 million US dollars.

We founded Borderless Capital in November 2018, even before the Algorand MainNet was live. We are amazed to see how the ecosystem has evolved since then, but we believe this is just the beginning and there is still plenty of room for further growth 

, says David Garcia, Founding Managing Partner at Borderless Capital, optimistic.

Borderless Capital aims to fuel blockchain growth

The money should serve to further stimulate the growth of Algorand and to enable new innovations that are coming to the blockchain. The focus should be on projects for non-fungible tokens (NFT) and decentralized finance (DeFi) in particular. By their own admission, Borderless is looking for ways to "disrupt the creative scene with NFTs" while accelerating the growth of funding into Algorand's DeFi ecosystem.

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