Borderless DePIN Fund III (US) LP
Borderless DePIN Fund III (US) LP is a venture capital fund based in Clermont, Florida. According to its most recent Form D, filed Nov 14, 2025, it has sold $8,000,000 of interests to 14 investors since its first sale in Jul 2024. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Borderless Management, LLC; Borderless DePIN Fund III GP LLC; David Garcia.
- Total raised
- $8,000,000Cumulative sales reported on Form D
- Investors
- 14
- First sale
- Jul 23, 2024
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Borderless Management, LLC; Borderless DePIN Fund III GP LLC; David Garcia
- Latest Form D
- Nov 14, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Borderless DePIN Fund III (US) LP
What is the minimum investment for Borderless DePIN Fund III (US) LP?
Borderless DePIN Fund III (US) LP's latest Form D, filed Nov 14, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Borderless DePIN Fund III (US) LP?
Borderless DePIN Fund III (US) LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Borderless DePIN Fund III (US) LP raised?
Borderless DePIN Fund III (US) LP reports $8,000,000 sold from 14 investors on its Form D filed Nov 14, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Borderless DePIN Fund III (US) LP based?
Borderless DePIN Fund III (US) LP is based in Clermont, Florida and is managed by Borderless Management LLC.
When did Borderless DePIN Fund III (US) LP launch?
Borderless DePIN Fund III (US) LP reports its first sale in Jul 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every venture capital fund
Raised more than 76% of the 585 venture capital funds based in Florida, and more than 86% of all 15,160 that report sales.