We are excited to launch our new $70 million fund, with a clear mandate to help exceptional early-stage projects at the cutting edge of Web3 innovation scale at pace.
We’re on the lookout for dynamic founders who want to contribute to a more scalable, resilient and transparent decentralised ecosystem, as part of our mission to foster Web3 innovation at the grassroots level. In fact, we have already completed around 20 deals under the remit of this fund, the vast majority of which we are the lead or co-lead investor. We look forward to building on this early momentum throughout the remainder of 2024 as we continue to source high-quality projects.
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, one of the largest Fund of Funds in the US, specialising in early-stage VC, growth equity and blockchain fund investments. We were very delighted to have secured such an outstanding anchor investor, and we are thrilled to be working closely with Marcos and Aram from Accolade and their talented team moving forward.
Marcos Veremis, Partner of Accolade Partners said:
"Having already launched multiple successful funds underpinned by methodical, battle-tested investment theses, the Lemniscap team has proven adept at sourcing exceptional founders and projects at the cutting edge of Web3 innovation. We are supremely confident in the fund’s strategy and management team, and look forward to a prosperous and collaborative working relationship."
Treating Founders as Partners
This fund will demonstrate our high-conviction credentials, focusing on a targeted number of startups with long-term potential, with founders who we can work with as partners, and not solely investors. We will be putting our money where our mouth is, primarily taking a lead or co-lead position in the early-stage rounds of the projects we are most bullish on. We’re also proud that some of the founders of our portfolio companies have become LPs, which further demonstrates the strong partnership dynamic we like to cultivate with the projects and founders we back.
Given that we’ve launched and managed multiple funds to date – significantly outperforming industry benchmarks and market peers – we are very confident that we can continue identifying and backing pre-trend narratives & up-and-coming markets, before the mainstream catches on. Our team’s multidisciplinary experience and deep-level Web3 expertise gives us a nuanced understanding of the needs of founders operating in today’s frenetic and regulatory-sensitive environment. Our holistic approach to portfolio management is all about long-term success rather than short-term gains.
If you’re an ambitious Web3 founder, we’d love to hear from you! Feel free contact one of the other Lemniscap team members directly to arrange an intro chat or reach out to us by email.
