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Lemniscap

North America, Midland, Cayman Islands, George Town

Description

Lemniscap is a George Town, Cayman Islands-based investment firm specializing in emerging cryptoassets and blockchain companies. Established in 2017, it has positioned itself as a key early-stage investor in the rapidly evolving Web3 ecosystem, focusing on foundational infrastructure, decentralized finance (DeFi), non-fungible tokens (NFTs), and other innovative blockchain applications. The firm's strategic location and deep expertise allow it to navigate the complexities of global crypto markets.

The firm employs a highly research-driven approach, often engaging in deep technical due diligence to identify projects with strong fundamentals and long-term potential. Lemniscap is known for its hands-on support, providing strategic guidance, technical expertise, and network access to its portfolio companies. This active involvement helps founders navigate the complexities of the blockchain space and accelerate their development, fostering a collaborative environment for innovation.

Lemniscap has demonstrated a consistent commitment to the crypto space through multiple investment vehicles. In 2022, the firm announced the close of its second fund, Lemniscap Fund II, with a target of $50 million, further solidifying its capacity to back promising ventures. Its extensive portfolio includes investments in over 50 companies, featuring prominent projects such as dYdX, Synthetix, and Immutable, showcasing its ability to identify and support impactful protocols and platforms across various blockchain verticals.

With a global outlook and a deep understanding of the intricacies of decentralized technologies, Lemniscap continues to be a significant player in the venture capital landscape for crypto. Its strategic investments aim to foster innovation and contribute to the broader adoption and maturation of the blockchain industry, reflecting a long-term vision for the decentralized future.

Investor Profile

Lemniscap has backed more than 111 startups, with 9 new investments in the last 12 months alone. The firm has led 45 rounds, about 41% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Blockchain, Cryptocurrency, Software.
  • Led 9 rounds in the past year.
  • Typical check size: $500K – $2M.

Stage Focus

  • Seed (61%)
  • Series A (15%)
  • Pre Seed (13%)
  • Initial Coin Offering (3%)
  • Series B (3%)
  • Series Unknown (3%)
  • Angel (1%)
  • Private Equity (1%)
  • Series C (1%)

Country Focus

  • United States (42%)
  • Canada (8%)
  • United Kingdom (6%)
  • Singapore (4%)
  • France (4%)
  • Israel (4%)
  • Switzerland (4%)
  • Cayman Islands (3%)
  • Hong Kong (3%)
  • Ukraine (2%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Software
  • Financial Services
  • Web3
  • Fintech
  • Information Technology
  • Decentralized Finance (Defi)
  • Finance
  • Internet
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Lemniscap frequently co-invest with?

GSR
Europe, England, United Kingdom, London
Co-Investments: 9
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 12
A
Europe, England, United Kingdom, London
Co-Investments: 7
DV
North America, California, United States, San Francisco
Co-Investments: 9
Digital Currency Group
North America, Connecticut, United States, Stamford
Co-Investments: 7
The LAO
North America, New York, United States, Brooklyn
Co-Investments: 7
Polychain
North America, California, United States, San Francisco
Co-Investments: 12
The Spartan Group
Asia, Central Region, Singapore, Singapore
Co-Investments: 8
Mechanism Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 8
Alameda Research
Asia, Hong Kong Island, Hong Kong, Central and Western
Co-Investments: 8

Which angels does Lemniscap often collaborate with?

Shared Deals: 2
Sandeep Nailwal
Asia, Indonesia
Shared Deals: 2
SK
North America, California, United States, San Diego
Shared Deals: 3
Kain Warwick
Oceania, New South Wales, Australia, Sydney
Shared Deals: 3
MD
North America, New York, United States, New York
Shared Deals: 2
Jordan Momtazi
Oceania, New South Wales, Australia, Sydney
Shared Deals: 2
NR
North America, California, United States, San Francisco
Shared Deals: 3
AY
North America, California, United States
Shared Deals: 2
CL
North America, California, United States, San Francisco
Shared Deals: 4
RM
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by Lemniscap?

Remix is a platform combining AI and mobile gaming, designed to offer on-chain, AI-powered games.

Artificial Intelligence (AI)GamingVideo Games
SeedJul 10, 2025
Amount Raised: $5,000,000
Dexari

New York, New York, United States

Dexari brings the Hyperliquid experience to mobile—built for speed, simplicity, and self-custody.

BlockchainCryptocurrencyDecentralized Finance (DeFi)Web3
SeedMay 30, 2025
Amount Raised: $2,300,000

DeCharge Network lays the groundwork for a global energy network that will power automobiles, drones, and future technology.

Drones
SeedMar 27, 2025
Amount Raised: $2,500,000
Memes Lab

Dubai, Dubai, United Arab Emirates

Memes Lab is a multifunctional platform built on the TON blockchain.

BlockchainCryptocurrencyWeb3
SeedFeb 24, 2025
Amount Raised: $2,300,000
Pulse

Wilmington, Delaware, United States

Pulse is a developer of an all-in-one health and wellness platform designed to integrate a wearable gadget and fitness tracking software.

SoftwareWearablesWellness
Pre SeedNov 14, 2024
Amount Raised: $1,800,000

Cytonic is a multi-virtual-machine blockchain.

Blockchain
SeedNov 7, 2024
Amount Raised: $8,300,000
Nitro Labs

San Francisco, California, United States

Nitro Labs offers execution of environment for Solana Virtual Machine Blockspace.

AppsBlockchainCloud Infrastructure
SeedOct 30, 2024
Amount Raised: $4,000,000
Hyve

Montréal, Quebec, Canada

Hyve is a high-throughput data availability solution designed for high-performance decentralized applications and networks.

BlockchainInformation TechnologyWeb3
SeedOct 17, 2024
Amount Raised: $1,850,000
Fermah

New York, New York, United States

Fermah is the universal proof generation layer

SeedSep 9, 2024
Amount Raised: $5,200,000
PuffPaw

Los Angeles, California, United States

PuffPaw is an e-cigarette maker that uses blockchain technology to track its consumers' smoking behavior.

Manufacturing
SeedSep 5, 2024
Amount Raised: $6,000,000