RWA water economy project LAKE (LAK3) has completed US$12.4 million in financing, including a US$3 million private placement round and US$9.4 million in the ongoing second round of financing. This round of financing was led by Artaize Invest, EMB Venture Capital, business angel Michel Audeban and MSM family office members. It is reported that the funds will be used for global operational expansion, LAK3 token issuance and expansion of the supply chain network. (Cointelegraph)