Peaq Backs $100M DePIN Fund III by Borderless Capital, Fuels Decentralized Infrastructure

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Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

Peaq, a Germany-based Layer-1 platform focused on decentralized physical infrastructure networks (DePINs), announced on September 19 that it has invested as an anchor investor in DePIN Fund III, a $100 million venture fund launched by Borderless Capital.

In addition to peaq, DePIN Fund III boasts an impressive list of other backers, including the Solana Foundation, Jump Crypto, IoTeX, and GSR.

1/ Borderless is excited to announce the launch of our $100M DePIN Fund III to support the expanding DePIN ecosystems, thanks to our highly strategic LPs, @peaqnetwork @SolanaFndn @iotex_io @jump_ @WormholeFdn @GSR_io @movementlabsxyz @GEODNET_ among others!

This new fund… pic.twitter.com/KdvGLBwjn6

DePINs are transforming how physical infrastructure is built and maintained by leveraging blockchain technology and token incentives.

This decentralized model allows individuals to participate in building networks for connectivity, GPU clusters, edge computing, mapping, and more, with greater efficiency and lower cost compared to traditional Web2 solutions.

DePIN Fund III, managed by a team of seasoned industry experts, including Helium co-founder Sean Carey and former Telefónica executive Alvaro Gracia, will focus on investing in promising DePIN projects that are transforming traditional industries:

Peaq’s investment in DePIN Fund III offers several benefits to the broader DePIN community. The fund will provide additional capital to DePIN projects, enabling them to scale their operations and reach new markets.

peaq backs Borderless Capital's $100m