Let’s start with the newest funds: Lemniscap and Robot Ventures.
First, we have Lemniscap. The firm raised $70 million in a new fund dedicated to back Web3 projects and founders.
“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),” a press release said.
Accolade Partners is anchoring the fund.
“We believe that fostering innovation at the grassroots level is essential for building a robust and resilient decentralised 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 decentralised, transparent, and equitable digital future,” Lemniscap general partner Shaishav Todi said.
And on Friday, Bloomberg reported that Robot Ventures also announced a new fund, this one for $75 million.
The report said that the investors included Andreessen Horowitz’s Marc Andreessen and Chris Dixon (though not a16z itself).
The team has previously invested in successful startups like Lido, Flashbots and LayerZero. The newest fund is their fourth.
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