Borderless Capital Closed a $10M PLANETS.Fund to Build Green Data Economy on Algorand
MIAMI, Nov. 23, 2021 /PRNewswire/ -- Borderless Capital, the Miami-based venture capital firm dedicated to the Algorand ecosystem, announced today the closing of PLANETS.Fund, a $10M fund focused on building a green data economy. The fund will invest in the ecosystem surrounding PlanetWatch, the world's first decentralized indoor and outdoor air quality monitoring network built on the Algorand blockchain. "PlanetWatchers" or Air quality sensor hosts participating in the PlanetWatch network are compensated with PLANETS tokens for streaming air quality data. The PLANETS.Fund is planning to invest the raised capital to deploy a global network of thousands of PlanetWatch air quality sensors across the globe. The Fund will also hold a long term position in PLANETS tokens and equity.