Key Takeaways
- Lemniscap has secured $70 million to back early-stage Web3 startups.
- The fund will target key areas such as Zero Knowledge Infrastructure, the emerging Bitcoin ecosystem, Consumer Applications, and DePin.
- The fund is anchored by Accolade Partners, a major U.S. Fund of Funds, enhancing Lemniscap’s ability to provide both financial backing and strategic guidance to its portfolio companies.
Web3 investment firm Lemniscap has launched a new $70 million fund to catalyze nascent web3 startups.
Founded in 2017 by finance veteran Roderik van der Graaf, Lemniscap has carved a niche in the investment world, particularly within the volatile terrain of blockchain technology. Van der Graaf, whose resume boasts tenures at leading global banks like Deutsche Bank and HSBC, ventured into blockchain advisory in 2014, and subsequently established Lemniscap to bridge the gap between traditional finance and nascent crypto technologies.
With this new generalist fund, Lemniscap sets its sights on a diverse array of blockchain-oriented sectors such as Zero Knowledge Infrastructure, Consumer Applications, and emerging Bitcoin Ecosystem. Other focus areas include Security, Phygital solutions — blending physical and digital realms — and Decentralised Physical Infrastructure (DePin).
The fund is bolstered by a significant partnership with Accolade Partners, a top-tier Fund of Funds in the US, known for its deep roots in early-stage venture capital and blockchain investments. This collaboration not only enhances the fund’s financial clout but also its credibility and reach within the investment community.
Since its inception, Lemniscap has demonstrated a resilient and savvy investment strategy, particularly during the market downturns that characterized much of 2018. Despite these challenges, the firm’s early bets have paid off handsomely, solidifying its reputation as a forward-thinking and reliable investment partner in the Web3 space.
The firm’s portfolio is impressive, featuring investments in over 130 companies, including high-profile protocols like Avalanche, and The Graph, and emerging web3 tech ventures such as StepN, and Paragraph. These investments reflect Lemniscap’s commitment to fostering foundational technologies that promise to drive the future of the Web3 ecosystem.
Roderik van der Graaf underscores this vision, stating, “In the seven years since we launched, reputation has become one of our strongest brands among founders, who we genuinely treat as partners.” He highlights that the new fund will significantly enhance Lemniscap’s ability to support ambitious pioneers at the cutting edge of blockchain and digital infrastructure development.
As Web3 technologies continue to evolve amid a complex regulatory landscape, Lemniscap’s latest fund represents a timely and potent injection of resources aimed at nurturing the next wave of digital innovation.
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