Lemniscap

Lemniscap is a venture capital firm founded in 2017 and based in George Town, Kentucky. The firm specializes in investments in emerging cryptoassets and blockchain companies, focusing on the dynamic and evolving landscape of the cryptocurrency sector. In addition to its venture capital activities, Lemniscap manages a hedge fund that utilizes a long/short equity investment strategy. The firm is dedicated to identifying and supporting innovative projects within the blockchain ecosystem.

Roderik Van der Graaf

Co-Founder and Director, Managing Partner

Shaishav Todi

General Partner

Past deals in Smart Contracts

DeCharge

Seed Round in 2025
DeCharge is focused on creating a global energy network designed to support the charging needs of electric vehicles, drones, and emerging technologies. The company has developed a blockchain protocol that enhances the electric vehicle charging ecosystem by facilitating payments and providing incentives for stakeholders. This innovative software aims to improve access to charging infrastructure, contributing to a more efficient and interconnected energy system. Through its efforts, DeCharge seeks to promote sustainable energy solutions and foster a collaborative environment for businesses and users alike.

Nitro Labs

Seed Round in 2024
Termina is a powerful platform designed to streamline the deployment of Solana blocks through an integrated engine for the Solana Virtual Machine (SVM)

Irys

Seed Round in 2024
The world's first programmable datachain, where data doesn't just exist; it becomes active, fluid, valuable across applications. And it's this evolution—from passive to programmable—that marks the true primitive.

dvts.network

Series A in 2024
dvts.network is an ethereum liquidity staking protocol that reduces the initial capital requirements for ethereum validators.

Fjord Foundry

Seed Round in 2024
Fjord Foundry is a community-focused platform designed to connect creative projects with enthusiastic backers. It employs Liquidity Bootstrapping Pools (LBPs) to facilitate interactions between projects and supporters, offering a fair and transparent price discovery mechanism for generating liquidity and distributing digital tokens. This approach allows projects to mitigate the negative effects of large investors and automated trading bots, ensuring a level playing field for all participants. By providing seamless access to liquidity, Fjord Foundry empowers projects while fostering a supportive community environment.

Cosmology

Seed Round in 2024
Cosmology is building a unified developer experience for interchain dApps

Watches.io

Pre Seed Round in 2024
Watches.io seeks to ease the tracking, selling, and purchasing process for luxury watches, a market that is rapidly expanding in popularity among Gen Z and millennials. Watches.io is the e-commerce peer-to-peer marketplace for physical goods to be developed using Web3 technology. The smart contract-powered platform allows users to track their watch portfolios in real time, pursue diversification possibilities, and perform seamless buy/sell transactions.

Stackr

Seed Round in 2023
Stackr Labs is a company focused on developing app-specific rollups on the Ethereum blockchain, utilizing web2 programming languages. It aims to create standalone customizable applications that leverage the benefits of rollups for distributed computing. By specializing in the efficient integration of off-chain data sources, such as social graphs, user credit scores, and KYC and identity systems, Stackr Labs enables users to access and utilize data seamlessly. The company's innovative approach seeks to unlock the potential of rollups, enhancing the functionality and performance of decentralized applications.

Open Dollar

Seed Round in 2023
Borrow against Liquid Staking Tokens & Arbitrum native assets with our flexible and transparently over-collateralized stablecoin

Monad

Seed Round in 2023
MONAD is a proof-of-stake (PoS) blockchain and decentralized computation platform that combines the best of performance and portability.

RedStone

Seed Round in 2022
RedStone is a quickly growing blockchain startup, building two data-focused products aimed to unlock the potential of DeFi & Web3: 1. RedStone Oracles: A new generation of blockchain oracles with a novel architecture that optimises the way data is delivered to decentralised Apps (dApps). RedStone provides 1,100+ data feeds delivered at a few seconds refresh interval to Ethereum, Polygon, Avalanche, Arbitrum and 30+ other top chains. We support price feeds for assets such as popular & long-tail tokens, fiat currencies, commodities, stocks, NFTs floor and RedStone can deliver also other types of data i.e. transactions volume data or results of real-world events like sports games. Available feeds -> https://app.redstone.finance/ ; Sample integration on popular chains -> https://showroom.redstone.finance/ 2. Warp: A data-processing Smart Contract layer on top of the Arweave data storage chain. Warp is optimised for data-heavy use cases such as sophisticated gaming & social dApps, interactive NFTs, simple on-chain Machine Learning and other blockchain-based solutions that have not been feasible before, due to huge data processing costs on chains like Ethereum or Avalanche. Warp overview -> https://warp.cc/ ; Warp Academy -> https://academy.warp.cc/ RedStone Gitcoin grant -> https://gitcoin.co/grants/5477/redstone-new-generation-of-oracles-for-defi Warp Gitcoin grant -> https://gitcoin.co/grants/7733/warp-contracts-on-arweave-revolution-of-on-chain-

dWallet Labs

Pre Seed Round in 2022
dWallet Labs provides a web3 control solution.

Certora

Series B in 2022
Certora specializes in providing advanced technology designed to enhance security in software development, particularly for blockchain applications. The company offers a digital asset issuance platform that automatically detects security vulnerabilities both prior to deployment and during operation. Its technology checks smart contracts at compile-time, ensuring that all executions comply with established security rules. By generating mathematical proofs of correctness, Certora guarantees the absence of security vulnerabilities for defined software properties. This independent and language-agnostic approach allows clients to effectively manage security verification without the risk of false interruptions, thus improving the overall integrity of their digital assets.

Burrow

Seed Round in 2022
Burrow is a non-custodial liquidity pool platform that functions like a decentralized money market, allowing users to provide and borrow assets for trading. Trading on Burrow not only enhances liquidity but also offers users the flexibility to manage their assets without relying on a central authority.

Mainstream Labs

Pre Seed Round in 2022
Mainstream Labs is developing a collaborative platform focused on decentralized governance participation. The platform facilitates token-gated discussions and proposal voting, allowing users to engage in governance efficiently. Contributions from participants are rewarded publicly, promoting active involvement in decision-making processes. By leveraging the expertise of its team, which has experience in operating decentralized autonomous organizations (DAOs) and other crypto-native communities, Mainstream Labs aims to transform governance interactions and position DAOs as a new social framework.

Moonwell

Seed Round in 2022
Moonwell is a decentralized finance (DeFi) protocol that operates on the Moonbeam and Moonriver networks, focusing on open lending and borrowing services. The platform provides users with a digital financing facility that emphasizes security and flexibility in funding options. By eliminating monthly payments and additional fees, Moonwell aims to create a user-friendly environment for individuals seeking to engage in decentralized financial activities.

Axelar

Series B in 2022
Axelar is a company focused on creating interoperability software that facilitates communication between different blockchain ecosystems, applications, and users. Founded in 2020 by Sergey Gorbunov and Georgios Vlachos, Axelar Network encompasses a suite of protocols, tools, and APIs designed to eliminate barriers to cross-chain communication. The company utilizes byzantine consensus, cryptography, and mechanism design protocols to enable decentralized applications to operate across various blockchains seamlessly. This allows developers to select the most suitable platform for their needs while leveraging Axelar's solutions to enhance cross-chain composability and liquidity. Through its offerings, Axelar aims to simplify the development of cross-chain decentralized applications, providing users with a robust and distributed network.

Spin

Seed Round in 2022
Spin, founded in June 2021, is a developer of a multichain decentralized exchange (DEX) platform focused on derivatives trading, specifically futures and options. Operating on the NEAR Protocol and Solana blockchains, Spin aims to deliver a user experience comparable to centralized exchanges by utilizing a central limit order book execution model combined with a liquidity pool. The platform offers traders advanced risk management and strategy-building tools, enhancing the efficiency and accessibility of trading for a wide range of users.

Superdao

Seed Round in 2022
Superdao is a platform designed to support the management and growth of decentralized autonomous organizations (DAOs) in the Web3 space. It offers tools for wallet analytics that provide organizations with insights into their dapp users, NFT and token holders, DAO voters, and quest participants. The platform features a hybrid governance system that facilitates collaborative management of decentralized application ventures, enabling users to create and customize intelligent contracts with ease. Additionally, Superdao includes a built-in member directory, treasury dashboard, and contributor management tools, which enhance decision-making and governance for DAOs. Organizations can leverage filter and export tools to build targeted lists and gain competitive insights from a database of audiences from numerous top Web3 projects.

STEPN

Seed Round in 2022
STEPN operates a blockchain-based fitness application that incentivizes users to exercise through a move-to-earn model. Users purchase non-fungible tokens (NFTs) that allow them to engage in physical activities and earn rewards in the form of native GST tokens. This innovative platform combines fitness with gaming elements, encouraging users to maintain an active lifestyle while benefiting from their efforts. By leveraging blockchain technology, STEPN creates a unique ecosystem where exercising is directly tied to earning opportunities, appealing to both fitness enthusiasts and gamers alike.

Gear Technologies

Series A in 2021
Gear Technologies is a technology company focused on creating a Substrate-based smart contract platform that facilitates the development and deployment of decentralized applications (dApps). By contributing to the Gear Protocol, which is supported by the Gear Foundation, the company enhances Web3 capabilities while maintaining a user experience akin to Web2. Gear Technologies aims to streamline the process for developers, offering a low barrier to entry that minimizes both financial and time investments. This approach enables clients to build and deploy dApps on the blockchain quickly and efficiently, with improved speed, security, and automation in smart contract development.

Superdao

Pre Seed Round in 2021
Superdao is a platform designed to support the management and growth of decentralized autonomous organizations (DAOs) in the Web3 space. It offers tools for wallet analytics that provide organizations with insights into their dapp users, NFT and token holders, DAO voters, and quest participants. The platform features a hybrid governance system that facilitates collaborative management of decentralized application ventures, enabling users to create and customize intelligent contracts with ease. Additionally, Superdao includes a built-in member directory, treasury dashboard, and contributor management tools, which enhance decision-making and governance for DAOs. Organizations can leverage filter and export tools to build targeted lists and gain competitive insights from a database of audiences from numerous top Web3 projects.

Hats Finance

Seed Round in 2021
Hats Finance is a decentralized cybersecurity incentive network governed by its stakeholders of hackers, projects, and token holders.

Euler

Series A in 2021
Euler is a non-custodial lending protocol built on Ethereum that allows users to lend and borrow a wide range of crypto assets without relying on a trusted third party. The platform offers a capital-efficient solution for earning interest on crypto holdings and provides mechanisms to hedge against market volatility. By utilizing reactive interest rates informed by control theory, Euler's system adapts in real-time to market conditions, enabling users to manage risk effectively. This innovative approach allows clients to engage with a diverse array of crypto assets while minimizing risk exposure.

Axelar

Series A in 2021
Axelar is a company focused on creating interoperability software that facilitates communication between different blockchain ecosystems, applications, and users. Founded in 2020 by Sergey Gorbunov and Georgios Vlachos, Axelar Network encompasses a suite of protocols, tools, and APIs designed to eliminate barriers to cross-chain communication. The company utilizes byzantine consensus, cryptography, and mechanism design protocols to enable decentralized applications to operate across various blockchains seamlessly. This allows developers to select the most suitable platform for their needs while leveraging Axelar's solutions to enhance cross-chain composability and liquidity. Through its offerings, Axelar aims to simplify the development of cross-chain decentralized applications, providing users with a robust and distributed network.

Switchboard

Seed Round in 2021
Switchboard allows builders to unlock the power of solana by creating high-performance data feeds from any API. They will bring data on-chain that will enable developers to unlock the future of decentralized applications. They enable the SOL community to push any form of data on-chain.

Pendle Finance

Seed Round in 2021
Pendle Finance is a decentralized finance protocol that allows users to tokenize and sell future yields.

Liquity

Series A in 2021
Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that offers interest-free loans to users. By allowing borrowers to use Ethereum as collateral, Liquity issues loans in its own USD-pegged stablecoin. The protocol operates under a minimum collateralization ratio, ensuring that loans are adequately secured. This innovative approach enables users to access capital without incurring interest costs, making it an appealing option for those looking to leverage their Ethereum holdings.

Euler

Seed Round in 2020
Euler is a non-custodial lending protocol built on Ethereum that allows users to lend and borrow a wide range of crypto assets without relying on a trusted third party. The platform offers a capital-efficient solution for earning interest on crypto holdings and provides mechanisms to hedge against market volatility. By utilizing reactive interest rates informed by control theory, Euler's system adapts in real-time to market conditions, enabling users to manage risk effectively. This innovative approach allows clients to engage with a diverse array of crypto assets while minimizing risk exposure.

Axelar

Seed Round in 2020
Axelar is a company focused on creating interoperability software that facilitates communication between different blockchain ecosystems, applications, and users. Founded in 2020 by Sergey Gorbunov and Georgios Vlachos, Axelar Network encompasses a suite of protocols, tools, and APIs designed to eliminate barriers to cross-chain communication. The company utilizes byzantine consensus, cryptography, and mechanism design protocols to enable decentralized applications to operate across various blockchains seamlessly. This allows developers to select the most suitable platform for their needs while leveraging Axelar's solutions to enhance cross-chain composability and liquidity. Through its offerings, Axelar aims to simplify the development of cross-chain decentralized applications, providing users with a robust and distributed network.

Liquity

Seed Round in 2020
Liquity is a decentralized borrowing protocol built on the Ethereum blockchain that offers interest-free loans to users. By allowing borrowers to use Ethereum as collateral, Liquity issues loans in its own USD-pegged stablecoin. The protocol operates under a minimum collateralization ratio, ensuring that loans are adequately secured. This innovative approach enables users to access capital without incurring interest costs, making it an appealing option for those looking to leverage their Ethereum holdings.

The Graph

Series A in 2019
The Graph is an indexing protocol designed for querying data from blockchain networks such as Ethereum and IPFS, facilitating the development of decentralized applications (dApps). Developers can create and publish open APIs, known as subgraphs, which can be queried using GraphQL to access blockchain data. Currently, The Graph supports data indexing from Ethereum, IPFS, and POA, with plans to incorporate additional networks. It offers a hosted service to assist developers in building on the platform, while a decentralized network is set to launch soon. As of late 2020, over 3,000 subgraphs had been deployed by thousands of developers for various dApps, including Uniswap, Synthetix, and Decentraland. The Graph has experienced significant growth, with its usage increasing substantially month over month. To support its development, The Graph has raised funding from a broad range of community members and venture capitalists, totaling around $25 million.

Agoric

Seed Round in 2019
Agoric is a developer of a framework designed to enhance the programming of smart contracts for the blockchain ecosystem. The platform facilitates the creation and deployment of smart contracts using JavaScript, making it accessible to millions of programmers. By emphasizing composability, Agoric enables rapid development and offers a competitive advantage in creating decentralized applications. Its framework allows for secure execution of transactions, the establishment of new markets, and the creation of innovative exchange patterns without centralized control. The Agoric team comprises experienced technologists, economists, and business leaders who have collaborated on smart contracts technology for over three decades. They aim to revolutionize how smart contracts are developed and utilized, fostering unprecedented global cooperation and enabling entrepreneurs to explore new business opportunities with digital assets. Agoric has partnered with notable projects within the blockchain space and received support from various investors, further solidifying its mission to advance smart contract technology.

Chainspace

Pre Seed Round in 2018
Chainspace is a developer of a blockchain-based platform designed to facilitate the creation of high-performance blockchain applications. The platform employs popular programming languages and technologies, making it accessible for developers. It features a shared smart contract protocol that addresses scalability and privacy challenges associated with Ethereum. By utilizing a proof of stake protocol that incorporates sharding and zero-knowledge proofs, Chainspace enables clients to meet the demands of processing power for complex, real-world applications. This innovative approach positions Chainspace as a solution for those looking to build advanced blockchain applications on commodity cloud platforms.

Spacemesh

Venture Round in 2018
Spacemesh is a blockchain protocol based in North Pole, Alaska, that focuses on creating a fair, decentralized, and secure platform for smart contracts. It employs a unique Proofs of Space-Time (PoST) consensus mechanism and utilizes a Directed Acyclic Graph (DAG) topology instead of traditional chain structures. This innovative approach allows for a leaderless, non-competitive voting system known as Collaborative Mining, which promotes permissionless decentralization. The platform is designed to be open-source and programmable, enabling users to run general-purpose smart contracts efficiently while conserving resources by leveraging unused storage space on hard drives for computation. With its emphasis on security, fairness, and environmental sustainability, Spacemesh aims to provide a robust cryptocurrency solution that can self-heal and adapt to the needs of its users.

The Graph

The Graph is an indexing protocol designed for querying data from blockchain networks such as Ethereum and IPFS, facilitating the development of decentralized applications (dApps). Developers can create and publish open APIs, known as subgraphs, which can be queried using GraphQL to access blockchain data. Currently, The Graph supports data indexing from Ethereum, IPFS, and POA, with plans to incorporate additional networks. It offers a hosted service to assist developers in building on the platform, while a decentralized network is set to launch soon. As of late 2020, over 3,000 subgraphs had been deployed by thousands of developers for various dApps, including Uniswap, Synthetix, and Decentraland. The Graph has experienced significant growth, with its usage increasing substantially month over month. To support its development, The Graph has raised funding from a broad range of community members and venture capitalists, totaling around $25 million.
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