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Borderless Capital

Miami, Florida · Invests in US; Europe; Asia; LATAM · Website

Pre-SeedSeedSeries ADeveloper ToolsFintechLegal TechCrypto & Web3RoboticsHardware & DevicesDeveloper Tools & InfrastructureFintech & PaymentsRobotics & Automation

Thesis

Web3-native investment management focused on fostering dynamic blockchain ecosystems. Deep specialization in Decentralized Physical Infrastructure Networks (DePIN) and Algorand ecosystem. Support builders with operational expertise, regulatory sophistication, and long-term partnership approach.

Likely not a fit for

Pure financial arbitrage, projects without clear product-market fit or real-world utility, founders lacking operational experience, short-term speculation plays

How they invest

Lead or follow
Usually leads
Typical decision
~1 month
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Decision process
Partnership vote

Partners & team

8 contacts on file

AM

Arul Murugan

General PartnerFounding Managing Partner · Primary contact

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LinkedIn profile

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DG

David García

General PartnerCo-Founder and Managing Partner

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SC

Sean Carey

PartnerPartner

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ÁG

Álvaro Gracia

PartnerPartner

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AD

Andrew Dempsey

PartnerPartner

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RS

Ryan Silva

PartnerPartner and Head of Trading

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CC

Corey Casbarro

Platform & OpsGeneral Counsel and Chief Compliance Officer

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AS

Alpen Sheth

Executive

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Portfolio

HeliumDeveloper Tools Infra

Helium provides a decentralized wireless network for IoT devices, allowing users to earn cryptocurrency by providing network coverage.

RenderDeveloper Tools Infra

Render is a cloud platform for building, deploying, and scaling apps with free SSL, global CDN, and automatic Git deploys. It offers a unified cloud environment for all apps and websites.

GEODNETRobotics Automation

The decentralized location layer for robotics, providing precise RTK data for robots, drones, and AI systems, while allowing users to earn GEOD tokens.

DIMOEnterprise Software

DIMO makes cars smart devices, accessible via API, allowing businesses to connect to vehicles for various services while ensuring user control over data.

NatixEnterprise Software

NATIX is a pioneer in DePIN innovation, integrating IoT, Web3, and AI technologies to enhance smartphone connectivity and user experience.

SilencioEnterprise Software

Silencio collects real-world voice and audio data from millions of people in over 180 countries, giving Artificial Intelligence the information it needs to understand people and the environments they operate in.

WingbitsEnterprise Software

Wingbits is a website builder that offers easy website creation without coding.

XNetEnterprise Software

XNET is revolutionizing mobile connectivity through a decentralized neutral-host network that delivers carrier-grade cellular performance over existing Wi-Fi infrastructure.

MawariMedia Entertainment

Mawari is building a tokenized GPU network for real-time XR streaming and AI-powered 3D experiences.

XMAQUINARobotics Automation

XMAQUINA is a decentralized ecosystem for humanoid robotics and physical AI, enabling community ownership, governance, and development. It aims to deploy capital in the most promising companies building the future, from humanoid robots to Web3 projects advancing Decentralized Physical AI (DePAI).

TenX Protocols
Avalanche Treasury Co.Fintech Payments

Avalanche Treasury Co. is an ecosystem-aligned digital asset treasury company focused on providing regulated AVAX exposure and supporting the Avalanche network.

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Research briefRead more
Borderless Capital Research Investment Thesis Borderless Capital is a leading Web3-native investment management firm focused on fostering dynamic blockchain ecosystems and supporting the next generation of innovators driving decentralized technologies. Since 2018, the firm has built specialized expertise in Algorand-based projects and Decentralized Physical Infrastructure Networks (DePIN), combini

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