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.

recent research

Research Report Templates.png

Research

Content Delivery Networks (CDNs) represent low-hanging fruit in a massive market ripe for Web3-driven disruption. The global CDN market was valued at ~$28B in 2024, and is projected to surpass $140B by 2034, (18.75% CAGR) underscoring the immense demand for efficient content delivery.

article-image

A vote ending Monday could introduce a new layer of security for Ethereum’s largest liquid staking protocol

article-image

Framework’s Michael Anderson explains what tokens need in order to be successful

article-image

Conferences are pop-up innovation clusters—and filters for the riff-raff

article-image

Tariff front-running may have caused an artificial bounce in economic data earlier this year

article-image

Waka Flocka Flame-linked BaseDrop is raising some eyebrows

article-image

IPO’ing onchain, Ethereum scaling, and using AI for ZK