- Lemniscap raised $70 million for a new fund focused on Web3 projects, including Zero Knowledge Infrastructure and Decentralised Physical Infrastructure (DePin).
- Robot Ventures announced a $75 million fund with investors like Marc Andreessen and Chris Dixon.
Lemniscap and Robot Ventures have announced significant new funding rounds, collectively totaling $145 million, aimed at advancing innovation within the Web3 and blockchain ecosystems.
Lemniscap has raised $70 million in a new fund dedicated to supporting Web3 projects and founders.
According to the firm, "The generalist $70 million fund will focus on a broad range of opportunities across the blockchain ecosystem, but we’re particularly interested in areas like Zero Knowledge Infrastructure, Consumer Applications, the emerging Bitcoin Ecosystem, Security, Phygital, and Decentralised Physical Infrastructure (DePin)." The fund is anchored by Accolade Partners.
Lemniscap’s General Partner, Shaishav Todi, emphasized the firm’s commitment to fostering innovation at the grassroots level.
"We believe that fostering innovation at the grassroots level is essential for building a robust and resilient decentralized ecosystem. Lemniscap takes great pride in being able to identify and help define emerging verticals – underpinned by scalable solutions with well-defined product roadmaps. Today’s announcement is another step in that journey, and we’re excited to continue working with founders who share our vision of a decentralized, transparent, and equitable digital future."
Meanwhile, Robot Ventures announced a $75 million fund on Friday, as reported by Bloomberg. This fund, which is the firm’s fourth, includes investments from prominent figures such as Marc Andreessen and Chris Dixon, though not directly from Andreessen Horowitz (a16z). Robot Ventures has a track record of successful investments, including in startups like Lido, Flashbots, and LayerZero.
These new funds underscore the growing interest and investment in the blockchain and Web3 space, as leading firms continue to back innovative projects with significant financial support.
Edited by Harshajit Sarmah
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Harshajit Sarmah
