Express
Borderless Capital Launches $500 Million Fund To Boost The Algorand Ecosystem
Summary: Borderless Capital, a Miami-based venture capital firm, today announced the launch of the $500 million Borderless ALGO Fund II, aiming to power the next generation of DeFi and NFT projects based on the Algorand blockchain. Arul Murugan, the founding managing partner of Borderless Capital, said in the announcement: "Algorand is the most efficient next generation ...
Borderless Capital, a Miami-based venture capital firm, today announced the launch of the $500 million Borderless ALGO Fund II, aiming to power the next generation of DeFi and NFT projects based on the Algorand blockchain.
Arul Murugan, the founding managing partner of Borderless Capital, said in the announcement: "Algorand is the most efficient next generation blockchain software in the market right now, and it is the next frontier for investment opportunities and disruption. Our Borderless ALGO Fund II will continue to be at the forefront of the ecosystem and further ignite the growth by enabling the new innovation that is coming to blockchain.".
Borderless is one of the major investors in the Algorand ecosystem, it launched the $200 million ALGO Fund I in June 2019 and has invested in more than 100 companies, including Tinyman, Yieldly.Finance, Reach, Opulous and Flare Network.
By Mary Liu
Tags: Algorand,Borderless Capital,DeFi,NFT
Link: Borderless Capital Launches $500 Million Fund To Boost The Algorand Ecosystem [Copy]
