Borderless Capital is a SEC-registered Web3-native investment management firm focused on blockchain and decentralized technology. Founded in 2018, the firm has made over 250 investments across core infrastructure, decentralized applications, tokenization, blockchain payments, stablecoins, and cryptographic protocols.
Deal activity decreased year-over-year (6 deals in the last 12 months vs 10 prior). Their most common stage is seed (40% of deals). Average disclosed round size is $9.5M (across 90 rounds with reported amounts).
Portfolio
84
Fund Size
$100M
Top Stage
Seed
Last 12 Mo
6
Team
David Garcia
Managing Partner & CIO
Andrew Dempsey
Partner and Head of Capital Formation
Nick Dulger
Director of Operations
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
96 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Vangrid | Seed | $9M | Aug 2026 |
| GGenFlux | Seed | $4.2M | Mar 2026 |
 Yom | Strategic | $3M | Feb 2026 |
| NNeuramint | Seed | $5M | Jan 2026 |
| BBee Maps | Unknown | $32M | Oct 2025 |
 Cloudburst | Series A | $7M | Sep 2025 |
 DoubleZero | Unknown | $28M | Mar 2025 |
 Teneo | Seed | $3M | Feb 2025 |
 Wingbits | Seed | $5.6M | Jan 2025 |
| DDoubleZero Foundation | Unknown | $28M | Jan 2025 |
 Teneo Protocol | Seed | $3M | Jan 2025 |
 ROVR | Seed | $2.6M | Jan 2025 |
 Fraction AI | Pre-Seed | $6M | Dec 2024 |
| UUnion Labs | Series A | $12M | Dec 2024 |
 N3Mus | Pre-Seed | $800K | Nov 2024 |
 Mawari | Series A | — | Nov 2024 |
 Mawari | Strategic | $10.8M | Nov 2024 |
 Amnis | Seed | $2M | Oct 2024 |
| Mawari | Unknown | $10.8M | Sep 2024 |
 Meridian | Seed | $4M | Sep 2024 |
 OpenLedger | Seed | $8M | Jul 2024 |
 WeatherXM | Series A | $7.7M | May 2024 |
 Sourceful Energy | Pre-Seed | $500K | May 2024 |
 Tanssi | Seed | $6M | Mar 2024 |
 IoTex | Unknown | $50M | Jan 2024 |
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Top Co-Investors
Algorand Foundation8 shared
Coinbase Ventures7 shared
CoinFund7 shared
Big Brain Holdings7 shared
Animoca Brands6 shared
Protocol Labs5 shared
Arrington Capital5 shared
Blockchange Ventures4 shared
Ava Labs4 shared
ParaFi Capital4 shared
GoldenTree Asset Management4 shared
Jump Crypto4 shared
Generative Ventures4 shared
1kx3 shared
Samsung Next3 shared
Anfield Ltd3 shared
Symbolic Capital3 shared
The Spartan Group3 shared
Foundation Capital3 shared
Reciprocal Ventures3 shared
Last updated: 7 October 2026