# Alvaro Gracia Arroyo

> Alvaro Gracia Arroyo is a seed investor at Borderless Capital backing Blockchain. See 10 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Borderless Capital](https://shizune.co/investors/profile/borderless-capital)
- Location: Miami, United States
- Total investments: 10
- Last investment: Apr 2025
- Lead investor: 70%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/alvarogracia/
- X (Twitter): https://twitter.com/alvarogracia
- Website: https://x.com/alvarogracia

Alvaro Gracia Arroyo is a seed investor at Borderless Capital in Miami focused on Blockchain and Internet of Things. Álvaro Gracia - Partner @ Borderless Capital

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 6 | 60% |
| Internet of Things | 5 | 50% |
| Web3 | 2 | 20% |
| Software | 2 | 20% |
| Cryptocurrency | 2 | 20% |

22 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 40% |
| Pre-Seed | 2 | 20% |
| Venture - Series Unknown | 2 | 20% |
| Series A | 1 | 10% |
| Initial Coin Offering | 1 | 10% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 30% |
| Sweden | 1 | 10% |
| Austria | 1 | 10% |
| Germany | 1 | 10% |
| Hong Kong | 1 | 10% |

6 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ROVR | ROVR is a decentralized platform that serves as an ultra-high-precision multidimensional digital twin for our planet, supporting next-generation transportation and 3D AI engines. It features proprietary 3D environmental data acquisition devices, enabling users to capture and record environmental information | $2.6M | Seed | Apr 29, 2025 |  |
| Teneo Protocol | Teneo Protocol is a decentralized physical infrastructure network (DePIN) initiative. | $3M | Seed | Feb 13, 2025 |  |
| Wingbits | Wingbits provides flight tracking network system and rewarding the contributors for providing the data. | $5.6M | Seed | Jan 22, 2025 |  |
| AYDO | AYDO serves as a transformative bridge between IoT devices and blockchain technology, particularly targeting the integration challenges faced by the DePIN ecosystem. By providing a comprehensive solution, AYDO significantly reduces the reliance on specialized hardware, thereby mitigating the associated costs and accessibility hurdles for usersinterested in participating in DePIN projects. Through AYDO application users can seamlessly stream their data to various DePIN applications without the need for additional investments in hardware tailored to each project, thus democratizing access to these ecosystems. | $200K | Pre-Seed | Jun 25, 2024 |  |
| AYDO | AYDO serves as a transformative bridge between IoT devices and blockchain technology, particularly targeting the integration challenges faced by the DePIN ecosystem. By providing a comprehensive solution, AYDO significantly reduces the reliance on specialized hardware, thereby mitigating the associated costs and accessibility hurdles for usersinterested in participating in DePIN projects. Through AYDO application users can seamlessly stream their data to various DePIN applications without the need for additional investments in hardware tailored to each project, thus democratizing access to these ecosystems. | $200K | Seed | Jun 25, 2024 |  |
| NATIX Network | NATIX Network is building an open geospatial Intelligence network using their proprietary AI and smartphone cameras. The existing geospatial data collection solutions suffer from limited data types, low update frequency, high costs to gather data, and even higher prices charged to business customers. NATIX uses driver assistant apps (e.g. dashcamand navigation), token incentives, Computer Vision AI, and smartphone cameras to crowdsource real-time data and create a digital twin of our world. The network enables a new era of real-time applications ranging from autonomous driving to smart city services. With over 100k registered drivers and over 33M km covered in only 12 months, NATIX is one of the fastest-growing geospatial networks globally. | $4.6M | Venture - Series Unknown | Apr 25, 2024 |  |
| IoTeX | IoTeX is the leading decentralized network powering the future of web3 and machine economy (MachineFi). The platform is built for developers to connect billions of machines with web3 infrastructure, to create innovative products including DeFi, NFT, DAO, Metaverse, and MachineFi applications. Founded in 2017 with a team of alumni from Google,Facebook, Uber, Bosch, and Intel, IoTeX has launched a high-performance public blockchain with off-chain computing for devices and machines, cross-chain bridges, wallet, and the MachineFi marketplace. The IoTeX network has grown rapidly with >$2B in assets on-chain, >300K on-chain users, and >10k devices connected across hundreds of dapps. | $50M | Venture - Series Unknown | Apr 02, 2024 |  |
| peaq | peaq gives robots and machines everything they need to do business, on every chain. peaqOS enables machines — robots, vehicles, devices, AI agents — to show up on any chain as liquid assets with identities, wallets, reputation, and the ability to provide services, trade, and prove what they did. peaq is the economic system for a human-centricMachine Economy where autonomous machines are a new asset class and every human can have a stake. It is home to 60+ applications in 20+ industries and to the millions of machines that run on them. | $15M | Series A | Mar 27, 2024 |  |
| Silencio Network LLC | Silencio is a data-driven platform specializing in the collection, processing, and monetization of noise pollution data. Through innovative decentralized technologies, it offers comprehensive, real-time noise mapping solutions, catering to sectors such as real estate, hospitality, and urban planning, enabling better decision-making and fostering aharmonious living environment. | $1M | Pre-Seed | Feb 16, 2024 |  |
| GEODNET | The Global Earth Observation Decentralized Network (GEODNET) is a decentralized network of Space Weather mining stations that report the real-time influence of the Sun’s solar winds on the Global Navigation Satellite System (GNSS) signals. This data is commonly used to accurately correct GNSS (GPS and other navigation satellite) signals to providecentimeter level positioning accuracy and improve absolute time accuracy to nano-second level. Traditional applications for these data services include Automotive/Autonomous Navigation, Agriculture/Construction Vehicle Machine Control, Earthquake/Geohazard Monitoring, and traditional Land Survey. Blockchain applications include decentralized Mapping, Metaverse Digital Twins, Location-Aware Smart Contracts, and Proof-of-Location and Time. GEOD is the native utility token that is used for: Fees for providing GEODNET data streams and services. Rewards to Space Weather Miners. Used for governance votes to determine how network resources are allocated. Gas for future native GEODNET blockchain location/time proofs. | $1.5M | Initial Coin Offering | Jul 06, 2023 |  |

10 of 10 investments shown.

## Co-investors
- [Borderless Capital](https://shizune.co/investors/profile/algo-capital) — VC Fund, 7 deals together
- [Moonrock Capital](https://shizune.co/investors/profile/moonrock-capital) — VC Fund, 4 deals together
- [IoTeX](https://shizune.co/investors/profile/iotex) — VC Fund, 3 deals together
- [Outlier Ventures](https://shizune.co/investors/profile/outlier-ventures-ltd-llp) — VC Fund, 3 deals together
- [Cogitent Ventures](https://shizune.co/investors/profile/cogitent-ventures) — VC Fund, 2 deals together
- [Generative Ventures](https://shizune.co/investors/profile/generative-ventures) — VC Fund, 2 deals together

## About Borderless Capital

VC Fund · Miami, United States

Borderless partners with early-stage founders to accelerate access, bootstrap adoption and create value across the Algorand and EdgeFi ecosystems.

4 contacts available at Borderless Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Alvaro Gracia Arroyo | Partner | https://shizune.co/investors/profile/%C3%A1lvaro-gracia-arroyo |
| Arul Murugan | Founder & Managing Partner | https://shizune.co/investors/profile/arul-murugan-3 |
| David García | CEO \| Founding Managing Partner | https://shizune.co/investors/profile/david-garc%C3%ADa-9b2d |
| Sean Carey | Partner | https://shizune.co/investors/profile/sean-carey-dd72 |

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## FAQ

### What does Alvaro Gracia Arroyo invest in?

Alvaro Gracia Arroyo invests primarily in Blockchain, Internet of Things and Web3 startups, most often at Seed and Pre-Seed stage. Most of the 10 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Alvaro Gracia Arroyo last invest?

The most recent investment recorded for Alvaro Gracia Arroyo closed in Apr 2025. Shizune tracks 10 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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