Lemniscap Completes $70 Million Fundraising for Third Fund

According to Odaily, cryptocurrency venture capital firm Lemniscap has announced the successful completion of a $70 million fundraising for its third fund. The fund is managed by Accolade Partners, a U.S.-based fund of funds. Roderik van der Graaf, founder and managing partner of Lemniscap, disclosed that other limited partners in the fund include undisclosed high-net-worth individuals and founders of companies within Lemniscap's investment portfolio. The primary focus areas for this new fund include zero-knowledge infrastructure, consumer applications, the Bitcoin ecosystem, security, and decentralized physical infrastructure networks (DePIN). This strategic focus aims to support innovative projects and technologies within these sectors, reflecting Lemniscap's commitment to advancing the cryptocurrency and blockchain industry.