{"id":91519,"date":"2024-08-28T10:40:35","date_gmt":"2024-08-28T14:40:35","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=91519"},"modified":"2024-08-28T10:43:16","modified_gmt":"2024-08-28T14:43:16","slug":"lemniscap-raise-70m-to-invest-in-web3-startups","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/lemniscap-raise-70m-to-invest-in-web3-startups\/","title":{"rendered":"Lemniscap Raises $70M to Invest in Early Stage Web3 Startups"},"content":{"rendered":"\n

The new fund will support startups working on\u00a0blockchain-based solutions<\/a>, such as zero-knowledge infrastructure and new Bitcoin ecosystems.<\/p>\n\n\n\n

\"Lemniscap<\/figure>\n\n\n\n

Venture capital firm Lemniscap has announced the launch of a new fund to support early-stage Web3 startups.<\/p>\n\n\n\n

As per the announcement on August 28, the fund will have $70 million to invest in various blockchain-based businesses. <\/p>\n\n\n\n

These include areas like zero-knowledge infrastructure, consumer applications, emerging Bitcoin ecosystems, security, and decentralized physical infrastructure (DePIN).<\/p>\n\n\n\n

This new fund is supported by Accolade Partners, a fund of funds that also focuses on early-stage ventures in the blockchain space.<\/p>\n\n\n\n

Lemniscap has a reputation for investing in early-stage crypto startups. The firm introduced its first fund in 2017, just before the 2018 crypto market downturn. <\/p>\n\n\n\n

Since its inception, Lemniscap has invested in several notable protocols in the industry, including Avalanche, Fairblock, Celestia, EigenLayer<\/a>, Euler, ParaSwap, and Axelar, among others. <\/p>\n\n\n\n

So far, the firm has made over 130 investments in the Web3 sector.<\/p>\n\n\n\n

Lemniscap's investment strategy emphasizes \u201clong-term success rather than short-term gains,\u201d concentrating on products and services that leverage blockchain technology. <\/p>\n\n\n\n

The firm supports startups in its portfolio not only with financial investments but also with strategic guidance.<\/p>\n\n\n\n

The Web3 startup ecosystem has experienced a revival in 2024, following a challenging year marked by bankruptcies, regulatory uncertainties, and a decline in crypto token prices. <\/p>\n\n\n\n

\"\"
Source: Pitchbook<\/em><\/figcaption><\/figure>\n\n\n\n

According to Pitchbook\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, crypto startups raised $2.7 billion in the second quarter of this year, with infrastructure projects like Monad and BeraChain leading the way.<\/p>\n\n\n\n

Despite this recovery in funds raised, the total number of deals has decreased by 12.5%, suggesting that while investors are more discerning, they are making larger commitments to projects with significant potential.<\/p>\n\n\n\n

In 2023, crypto firms secured a total of $10.1 billion in investments. <\/p>\n\n\n\n

Based on current industry trends, Pitchbook anticipates that startup funding could exceed this amount in 2024, potentially reaching $10.8 billion by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new fund will support startups working on\u00a0blockchain-based solutions, such as zero-knowledge infrastructure and new Bitcoin ecosystems. Venture capital firm Lemniscap has announced the launch of a new fund to support early-stage Web3 startups. As per the announcement on August 28, the fund will have $70 million to invest in various blockchain-based businesses. These include […]<\/p>\n","protected":false},"author":56,"featured_media":91522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[710,1964,12427,4042],"class_list":["post-91519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-business","tag-investments","tag-startups-2","tag-venture-capital"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/Lemniscap-Raises-70M-to-Invest-in-Early-Stage-Web3-Startups.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/91519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=91519"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/91519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/91522"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=91519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=91519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=91519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}