Crypto & Web3FintechMobility & TransportationFood & AgricultureInfrastructure & CloudDeveloper ToolsAI
Lemniscap is a thesis-driven investment firm that specializes in early-stage Web3 and blockchain startups, focusing on emerging crypto assets. The firm's strategy involves providing financial backing and strategic guidance to projects with long-term value creation potential, particularly in areas like zero-knowledge infrastructure, consumer applications, the Bitcoin ecosystem, security, and decentralized physical infrastructure (DePIN).
30% of their portfolio is in Crypto & Web3. Their most common stage is seed (60% of deals). Average disclosed round size is $31.1M (across 9 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Seed
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Flying Tulip | Unknown | $200M | Sep 2025 |
 Fermah | Seed | $5.2M | Sep 2024 |
 Safary | Pre-Seed | $2.4M | Jan 2024 |
 Puffer Finance | Seed | $5.5M | Aug 2023 |
| MMonad Labs | Seed | $19M | Feb 2023 |
 Paragraph | Pre-Seed | $1.7M | Oct 2022 |
| AAvanti Financial Group, Inc. | Series A | $37M | Mar 2021 |
| AAvanti Financial Group, Inc. | Seed | — | Jun 2020 |
 Encode Club | Seed | $5M | — |
 Senpi | Seed | $4M | — |
Top Co-Investors
Dragonfly2 shared
Bankless Ventures2 shared
Blockchain Capital1 shared
Digital Currency Group1 shared
CoinFund1 shared
FalconX1 shared
Galaxy Digital Ventures1 shared
Folius1 shared
Longhash Ventures1 shared
Daedalus1 shared
1843 Capital1 shared
Coinbase Ventures1 shared
ECMC1 shared
Hard Yaka1 shared
HashKey1 shared
Slow Ventures1 shared
Placeholder1 shared
Finality Capital1 shared
Lightspeed Faction1 shared
Last updated: 4 May 2026