According to Blockworks, Lemniscap has raised a new fund of $70 million to focus on supporting Web3 projects and founders. The fund will focus on a wide range of opportunities in the blockchain ecosystem, especially in areas such as zero-knowledge infrastructure, consumer applications, the Bitcoin ecosystem, security, physical and decentralized physical infrastructure (DePin). Accolade Partners is the main supporter of the fund.

Shaishav Todi, Partner at Lemniscap, said: “Supporting grassroots innovation is critical to building a strong and resilient decentralized ecosystem. Lemniscap is proud to identify and help define emerging areas.

Additionally, Robot Ventures announced a new $75 million fund. Investors include Marc Andreessen and Chris Dixon of Andreessen Horowitz. The team previously invested in successful startups such as Lido, Flashbots, and LayerZero.

Other notable funding rounds include: Edge Matrix raised $20 million led by Amber Group and Polygon Ventures; Space and Time Labs announced a $20 million Series A led by Framework Ventures, Arrington Capital, Faction, and Hivemind Capital; Solana staking network Solayer raised $12 million led by Polychain and Hack VC; Peregrine Exploration raised $3.6 million to develop Level, a stablecoin protocol powered by rehypothecated USD tokens; and Startup Time.fun raised $3 million led by Brevan Howard Digital.