Building the Future, Together
Meet the experts driving growth and impact at Borderless

David Garcia
Managing Partner

Arul Murugan
Managing Partner

Alpen Sheth
Partner

Álvaro Gracia
Partner

Amit Mehra
Partner

Nick Dugler
Head of Operations

Satish KVS
Head of Finance

Zach Zukowski
Cryptoeconomics

Karan Rajpal
Investment Analyst

Abhith Pallegar
Investment Analyst

Chase Cerveny
Operations Manager

Ivonne Darias
Office Manager

Sophia AI
Head of AI

David Garcia
Managing Partner
David co-founded Borderless Capital in 2018. Prior to Borderless, David Managed the first crypto fund in Latin America in 2015. Previously, David was a co-founder at Ripio – LatAm’s largest crypto exchange, DineroMail (acquired by PayU and Mentez/Paymentez (acquired by Nuvei).

Arul Murugan
Managing Partner
Arul is co-founder of Borderless Capital. Prior to Borderless, Murugan was founder and managing partner at 11-11 Ventures, investing in Helium, Kraken, Baakt, Ripio, and co-led the Algorand Series A. Arul is also executive chairman at Emrit. Previously, Arul was founder and CEO at Enrich (acquired by EQT), leading 500+ employees.

Alpen Sheth
Partner
Alpen leads investments, policy, and research at Borderless. Previously, Alpen worked with the World Economic Forum’s Global Crypto Council. He also led global crypto programs and investments at Mercy Corps Ventures. Alpen received his PhD at MIT while Head of Product at Etherisc and advisor at the World Bank.

Álvaro Gracia
Partner
Álvaro is an economist, started his career at Deloitte in the Audit practice. In 2016 he pursued his MBA at IE Business School where he founded decentralize.capital, a passive crypto fund. At Telefónica Ventures, he acted as Head of US Investments in Silicon Valley and Head of Investments from Spain. He also represented Telefónica as LP in 5 global VC funds and served in the BoD at many portfolio companies. Álvaro joined Borderless Capital as the Partner for the EdgeFi and Multi-Strategy Liquid Funds.

Amit Mehra
Partner - Algo Funds
Amit leads the investment team guiding Borderless to to more than 150 blockchain investments across five continents for ALGO Fund I. Prior to Borderless, Amit was a Founding Principal at Unicorn India Ventures and advisor to the Woodstock Fund.

Nick Dugler
Head of Operations
Nicholas Dulger joined Borderless as Head of Operations in late 2021. Prior to Borderless, he had worked for several firms including M.G. Stover, Janus Capital Group and State Street Bank. Nicholas worked in a variety of departments and oversaw several functions including Fund Accounting, Pricing and Valuations, and Operations. At Borderless, Nicholas and his Operations Team have helped to streamline our processes and introduce new procedures and policies to better meet our clients’ needs.

Satish KVS
Head of Finance
Satish leads finance, HR and legal at Borderless. Satish is also the CFO for Emrit Inc. Previously, he was the CFO for Vodafone India (VBS), Tanla Platforms, Vice President in Reliance Communications, Corporate Finance in KPMG Middle East, management consultant with TCS Ltd. Satish has received Awards of CFO 100 in 2015 and 2016, recognized as Top 100 Most Influential CFOs in India, 2016.

Zach Zukowski
Cryptoeconomics
Zach Zukowski is an expert on tokenomics on our investment team. He uses concepts from complex system design, game theory, psychology, and philosophy to help teams design token models that incentivize participants in their ecosystem to behave in ways that generate network effects and help the projects achieve their goals. He constantly researches and stays up-to-date on the latest developments across the crypto industry, with emphasis on technology (consensus algorithms, cross chain communication, scaling solutions, byzantine fault tolerance), governance, use cases, and token models. Additionally, Zach manages a DeFi fund that is farming across seven blockchains.
Zach defined a framework for token models that we published on our blog in 2022, which has already been used by hundreds of token projects and referenced across the industry as the benchmark for tokenomics.

Karan Rajpal
Investment Analyst
Karan works on the proprietary fund side as an investment associate. He is responsible for analyzing Web3 investment opportunities across various Layer 1s, producing research reports on the macroeconomic environment, and on-chain analytics. His previous experience is tech and sell-side trading, something which has helped him develop unique perspectives when working with new-age Web3 dapps.

Abhith Pallegar
Investment Analyst
Abhith is the new member of the team, he joined the investment team at Borderless Capital and is based in Bangalore. He previously worked with various family offices and VC firms, helping them invest in funds and early-stage start-ups. Before his venture capital stint, he worked in investment banking, where he advised clients on tech M&A and fundraising transactions. He plays tennis and is looking to pick up golf. His other interests include reading non-fiction books related to technology, finance, economics, and history.

Chase Cerveny
Operations Manager
Chase is a part of Borderless Capital’s Operations team aiding in investor relations, accounting, and firm operations. Upon graduating from the University of Colorado at Boulder with majors in Finance and Accounting, Chase joined MG Stover, a fund administrator, working on the Portfolio Operations team gaining valuable experience in Investment Fund Accounting and Digital Assets.

Ivonne Darias
Office Manager
Ivonne Darias manages the administrative tasks of senior officials within an organization and responsible for the coordination of calendars, scheduling meetings, and acting as a liaison between management and employees. Ivonne Darias is a seasoned executive assistant with over 10 years of experience with all administrative tasks. In addition to her duties as an executive assistant, Ivonne is also involved in special projects involving Borderless’ very own Sophia the Robot.

Sophia AI
Head of AI
“Most times, Sophia sits still and poised, waiting for her next moment to–a poetic tension in a sculptural form. Then, just one minute per day, and just an hour once each year, Sophia awakens and interacts with people using her ever-latest software, generating original output. She looks users in the eye, talks with them like an oracle, and responds to the moment to create a new work of art each year as a new NFT. Adding to the digitally created and minted NFT, a laser burns the new work into a leaf of papyrus mounted in Sophia’s head, as a physical-digital tattoo which can last for geological epochs.”