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The Venture Codex

Borderless Capital

3333 Piedmont Rd NE Ste 700, Atlanta, Georgia, 30305, United States

Overview

Accelerates access and adoption in Algorand and EdgeFi ecosystems.

Founded

2018

Deals · 12mo

11

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

United States

Sector focus

Blockchain
Financial Services
FinTech
Information Services
...

Investment portfolio

76rounds
NAMEDATESIZE
Efficient Computer
Sep 2026Participated
$97 MSeries B
Vangrid
Aug 2026Participated
$9 MSeed
UpRock
Jul 2026Participated
$4 MSeed
Canopy
Jun 2026Participated
$9 MSeed
Squid
May 2026Participated
$6 MOther Equity
Kaisar Network
Apr 2026Participated
$1 MSeed
Brix
Apr 2026Participated
$6 MOther Equity
GenFlux
Feb 2026Participated
$4 MSeed
Neuramint
Jan 2026Participated
$5 MSeed
worm.wtf
Dec 2025Participated
$5 MSeed
Ryder
Oct 2025Participated
$3 MSeed
Fanable
Oct 2025Participated
$12 MOther Equity
Efficient Computer
Sep 2026Participated
$97 MSeries B
Vangrid
Aug 2026Participated
$9 MSeed
UpRock
Jul 2026Participated
$4 MSeed
Canopy
Jun 2026Participated
$9 MSeed
Squid
May 2026Participated
$6 MOther Equity
Kaisar Network
Apr 2026Participated
$1 MSeed
Brix
Apr 2026Participated
$6 MOther Equity
GenFlux
Feb 2026Participated
$4 MSeed
Neuramint
Jan 2026Participated
$5 MSeed
worm.wtf
Dec 2025Participated
$5 MSeed
Ryder
Oct 2025Participated
$3 MSeed
Fanable
Oct 2025Participated
$12 MOther Equity
76
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Borderless Capital: 76 funding rounds are recorded in the selected participation categories.All available history.
Borderless Capital: 76 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1817
Series A212
Series B03
Other Equity716
ICO10

Monthly Deal Activity

Borderless Capital: 76 deals are recorded across 75 months.All available history.
Borderless Capital: 76 deals are recorded across 75 months. All available history
MonthDeals
Aug '201
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '212
Apr '210
May '210
Jun '213
Jul '210
Aug '211
Sep '212
Oct '213
Nov '211
Dec '211
Jan '223
Feb '222
Mar '221
Apr '220
May '221
Jun '221
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '233
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '231
Aug '231
Sep '231
Oct '231
Nov '230
Dec '231
Jan '244
Feb '243
Mar '242
Apr '242
May '242
Jun '240
Jul '243
Aug '240
Sep '242
Oct '240
Nov '242
Dec '241
Jan '252
Feb '253
Mar '250
Apr '250
May '251
Jun '250
Jul '251
Aug '250
Sep '252
Oct '253
Nov '250
Dec '251
Jan '261
Feb '261
Mar '260
Apr '262
May '261
Jun '261
Jul '261
Aug '261
Sep '261
Oct '260

Sector Breakdown

Borderless Capital: Crypto & Blockchain is the largest displayed sector by deal count (56 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Borderless Capital: Crypto & Blockchain is the largest displayed sector by deal count (56 deals). All available history
SectorDeals
Crypto & Blockchain56
Fintech28
AI & Machine Learning14
Data, Analytics & IT12
Networks, Cloud & Communication11
Enterprise Software8
Cybersecurity & Privacy7
Professional Services7
Developer Tools7
E-Commerce & Retail5
Travel & Hospitality4
Hardware & Robotics4
AR/VR3
Transportation & Logistics3
Clean Energy & Sustainability2
Manufacturing2
Media & Entertainment2
Gaming & eSports2
Education & Workforce1
Government & Defense1
Space & Frontier Tech1
Social & Community Platforms1

Deal Size Distribution

Borderless Capital: 76 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Borderless Capital: 76 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M37
$5M-$10M17
$10M-$25M14
$25M-$50M3
$50M-$100M2
$100M-$250M2
$250M-$500M0
$500M-$1B1
$1B+0

Deals By Geography

Borderless Capital: United States has the largest recorded deal count among the displayed regions (38 deals).All available history.

Top 10 of 19 regions; European countries are grouped as Europe.

Borderless Capital: United States has the largest recorded deal count among the displayed regions (38 deals). All available history
RegionDeals
United States38
Europe14
Canada3
Hong Kong2
Singapore2
Argentina2
Marshall Islands2
Israel2
Vietnam1
190871
Borderless Capital: 20 co-investors are shown, with Algorand Foundation sharing 7 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Borderless Capital: 20 co-investors are shown, with Algorand Foundation sharing 7 recorded deals. All available history
Co-investorShared deals
Algorand Foundation7
Arrington Capital7
CoinFund7
Animoca Brands5
Algorand4
Big Brain Holdings4
Bloccelerate4
Boldstart Ventures4
CMT Digital4
Coinbase Ventures4
Generative Ventures4
Kenetic Capital4
Ripple4
Tribe Capital4
Anagram3
Cadenza Ventures3
Digital Currency Group3
Draper Associates3
Eterna Capital3
G1 Ventures3

Investment Strategy

Borderless Capital: Led accounts for 37% and participating for 63% of round participation.All available history.
Borderless Capital: Led accounts for 37% and participating for 63% of round participation. All available history
CategoryDeals (count)Share (%)
Led2837%
Participating4863%
Borderless Capital: Single-lead accounts for 64% and co-led for 36% of lead dynamics.All available history.
Borderless Capital: Single-lead accounts for 64% and co-led for 36% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1864%
Co-led1036%

Team

Alvaro Gracia Arroyo

Partner

Arul Murugan

Founder & Managing Partner

David Garcia

CEO | Founding Managing Partner

Sean Carey

Partner