Funding Roundup: Lemniscap, Robot Ventures announce new funds totaling $145M

Space and Time Labs and Edge Matrix topped this week’s funding announcements with raises of $20 million each

article-image

Deacons docs/Shutterstock modified by Blockworks

share

Let’s start with the newest funds: Lemniscap and Robot Ventures. 

First, we have Lemniscap. The firm raised $70 million in a new fund dedicated to back Web3 projects and founders. 

“The generalist $70 million fund will focus on a broad range of opportunities across the blockchain ecosystem, but we’re particularly interested in areas like Zero Knowledge Infrastructure, Consumer Applications, the emerging Bitcoin Ecosystem, Security, Phygital and Decentralised Physical Infrastructure (DePin),” a press release said.

Accolade Partners is anchoring the fund. 

“We believe that fostering innovation at the grassroots level is essential for building a robust and resilient decentralised ecosystem. Lemniscap takes great pride in being able to identify and help define emerging verticals – underpinned by scalable solutions with well-defined product roadmaps. Today’s announcement is another step in that journey, and we’re excited to continue working with founders who share our vision of a decentralised, transparent, and equitable digital future,” Lemniscap general partner Shaishav Todi said. 

And on Friday, Bloomberg reported that Robot Ventures also announced a new fund, this one for $75 million.

The report said that the investors included Andreessen Horowitz’s Marc Andreessen and Chris Dixon (though not a16z itself). 

The team has previously invested in successful startups like Lido, Flashbots and LayerZero. The newest fund is their fourth.

Other notable rounds:

  • Edge Matrix, an “AI-driven” L1, said that it raised $20 million in a round led by Amber Group and Polygon Ventures. 
  • Space and Time Labs announced a $20 million Series A round led by Framework Ventures, Arrington Capital, Faction, and Hivemind Capital. OKX Ventures and Circle Ventures were among the participants. 
  • Solana staking network Solayer said it raised $12 million in a round led by Polychain and Hack VC. Among others, Binance Labs and Nomad Capital also participated. 
  • Peregrine Exploration, a blockchain development company, raised $3.6 million to develop Level — a stablecoin protocol powered by restaked dollar tokens. The round was led by PolyChain Capital and Dragonfly. Other participants included Robot Ventures and angel investor Balaji Srinivasan.
  • Startup Time.fun announced a $3 million raise led by Brevan Howard Digital. Other participants included Coinbase Ventures and PTC Crypto.

Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (19).png

Research

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

article-image

The stablecoin issuer now plans to offer 32 million Class A common stock shares at a price of up to $28 each

article-image

Let’s go whale watching, Bitcoin style: Investigating the mysterious “12ib7” wallet now worth $3.2 billion

article-image

Bitget’s L2 is undergoing a leadership change and will be helmed by Colin Goltra, formerly the blockchain’s chief growth officer

article-image

The funding was spread out across 61 rounds, a slight dip in both number of rounds and total funding in comparison to other months

article-image

Why is it controversial to say things are better than they used to be?

article-image

Wallchain could make influencer ROI more measurable for Solana businesses