BorderlessCapital Launches $ 500 Million ALGOFundII Blockchain Based Projects in Los Pab Tsim Algorand

On December 1, Borderless Capital announced that it would announce a $ 500 million ALGO Fund II to help build Algorand's blockchain-based operations. The funds will be invested in DeFi and NFT operations based on Algorand's blockchain network. Miami-based Borderless Capital is considered one of the top investors in the Algorand ecosystem. In June 2019, we launched ALGO Fund I worth approximately $ 200 million. Borderless said it is currently investing in a $ 400 million Algorand project through other funding. Yesterday a $ 1.5 billion venture capital firm was launched by Hivemind Capital Partners, a venture capital firm owned by Citigroup CEO Matt Zhang, who also selected Algorand as a member.