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The Venture Codex

Borderless Capital

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

Overview

Borderless partners with early-stage founders to accelerate access, bootstrap adoption and create value across the Algorand and EdgeFi ecosystems.

Total investments
75
Lead investments
28
Investments · 12mo
14
Active investors
4

Sector focus

  • Blockchain
  • Financial Services
  • FinTech
  • Information Services
  • Venture Capital
  • Web3
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Investment portfolio

  • Vangrid

    Participated · Seed · Aug 2026

    Vangrid develops a decentralised spatial intelligence network that activates cameras and sensors on smartphones to generate continuously updated, verified spatial data. The platform emphasizes privacy-first capture with on-device blurring of faces and license plates and onchain verification for provenance before data reaches its enterprise spatial API. Vangrid positions itself between legacy fleet-based mapping and unverified open crowdsourcing by compensating contributors and providing enterprise-grade, provenance-tracked data. Its target customers include robotics, autonomous systems, and defence organisations, and the company has signed MOUs with strategic data partners while reporting live transactions on the platform. Vangrid raised $9 million in seed funding to bootstrap network density, expand its edge-computation pipeline, and deepen enterprise partnerships.

  • UpRock

    Participated · Seed · Jul 2026

    Founded in 2022 and based in Bucharest, UpRock runs apps (desktop and mobile) that collect anonymized device and web-performance data and sells aggregated datasets and testing services to business customers. The project publicly states apps are cryptographically signed and mobile clients are distributed only via official app stores; the desktop app presents internally as "UpRock Mining." Users earn in the project's token, UPT, which trades at about $0.004 with a market capitalization of a little over $1 million and is listed on exchanges including MEXC, BitMart, Meteora and Orca. The company presents a B2B revenue model (clients buying performance tests and aggregated data) while disbursing rewards to users in token form. Reported withdrawal policies from June 2024 set a 250 UPT minimum and a dynamic fee linked to SOL, but some June 2026 user reports cite a 255 UPT threshold plus a 55 UPT fixed fee; coverage recommends verifying withdrawal terms in the app. Public reputation is mixed, with Trustpilot averaging about 2.4/5 and automated site-rating services like Scam Detector assigning higher trust scores (~80/100).

  • Canopy

    Participated · Seed · Jun 2026

    Canopy develops an AI-native framework and tooling that enable founders, developers and coding assistants to turn app ideas into readable, extensible onchain code. The project acquired Tanssi’s core technology—its appchain control center, sequencer system and a Snowbridge-based Ethereum bridge—to provide appchain deployment, block production and cross-chain connectivity. Canopy is live on a public testnet that launched nearly 27,000 projects in its first 12 days and has since exceeded 331,000 projects, indicating strong early traction. The company raised $8.5 million in seed/start capital and will use the proceeds for Mainnet launch, hiring additional engineers, and improving the developer experience and AI-native tools. Canopy’s roadmap prioritizes Mainnet in the near term and aims to create an integrated environment that allows even non-technical creators to build, deploy and evolve blockchain applications from one place.

  • Squid

    Participated · Equity · May 2026

    Squid operates a connected multi-chain platform that reaches ecosystems without contracts, including Bitcoin and XRPL, and supports more than 100 networks. Its execution layer, Squid Intents, routes cross-chain transactions to market makers for fulfillment and settles them using Trusted Execution Environments (TEEs) rather than deploying contracts on every chain. The platform supports over 20,000 tokens across major ecosystems and has facilitated more than $6B in lifetime volume since its January 2023 launch. Squid plans to use the new funding to accelerate expansion into consumer products. The company is headquartered in Zug, Switzerland.

  • Kaisar Network

    Participated · Seed · Apr 2026

    Kaisar Network operates a Layer 1 blockchain designed to support decentralized AI computing and related services. The company announced Token AI, a product through which users can access decentralized GPU computing, AI credits, and proxy services. Kaisar has raised a total of $4 million, including a $1 million strategic pre-seed, and was incubated by Outlier Ventures and Borderless Capital. Participating investors named in the funding include Merov Capital, StoneBlock, WM Capital, Arche Fund, Q42, and Unicorn Ventures. The company’s recent fundraising and product launch were announced together on May 1 in PANews coverage. The article did not disclose revenue, user metrics, valuation, or the company’s founding year or location.

Team