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The Venture Codex

Lemniscap

Fifth Floor, Zephyr House, 122 Mary Street, George Town, Midland, KY1-1206, Cayman Islands

Overview

Early stage investment firm specializing in emerging crypto assets.

Founded

2017

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Canada
India
United Kingdom
United States

Sector focus

Bitcoin
Blockchain
Cryptocurrency
Ethereum
...

Investment portfolio

58rounds
NAMEDATESIZE
Remix
Nov 2025Participated
$5 MSeed
Flying Tulip
Sep 2025Participated
$200 MSeed
Senpi
Sep 2025Led
$4 MSeed
Dexari
Jun 2025Led
$2 MSeed
DeCharge
Mar 2025Led
$3 MSeed
Cytonic
Nov 2024Led
$8 MSeed
Pulse
Nov 2024Led
$2 MSeed
Fermah
Sep 2024Led
$5 MSeed
Dora
Jul 2024Led
$6 MOther Equity
Irys
Jun 2024Led
$9 MOther Equity
Puffer Finance
Apr 2024Participated
$18 MSeries A
Aligned Layer
Apr 2024Led
$3 MSeed
Remix
Nov 2025Participated
$5 MSeed
Flying Tulip
Sep 2025Participated
$200 MSeed
Senpi
Sep 2025Led
$4 MSeed
Dexari
Jun 2025Led
$2 MSeed
DeCharge
Mar 2025Led
$3 MSeed
Cytonic
Nov 2024Led
$8 MSeed
Pulse
Nov 2024Led
$2 MSeed
Fermah
Sep 2024Led
$5 MSeed
Dora
Jul 2024Led
$6 MOther Equity
Irys
Jun 2024Led
$9 MOther Equity
Puffer Finance
Apr 2024Participated
$18 MSeries A
Aligned Layer
Apr 2024Led
$3 MSeed
58
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Lemniscap: 58 funding rounds are recorded in the selected participation categories.All available history.
Lemniscap: 58 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed2713
Series A14
Series B02
Other Equity38

Monthly Deal Activity

Lemniscap: 58 deals are recorded across 90 months.All available history.
Lemniscap: 58 deals are recorded across 90 months. All available history
MonthDeals
May '192
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '202
Nov '201
Dec '201
Jan '210
Feb '211
Mar '212
Apr '211
May '210
Jun '211
Jul '212
Aug '211
Sep '211
Oct '210
Nov '210
Dec '212
Jan '220
Feb '223
Mar '221
Apr '220
May '223
Jun '221
Jul '220
Aug '223
Sep '221
Oct '222
Nov '220
Dec '220
Jan '231
Feb '232
Mar '230
Apr '230
May '232
Jun '230
Jul '230
Aug '232
Sep '231
Oct '230
Nov '231
Dec '230
Jan '242
Feb '241
Mar '242
Apr '243
May '240
Jun '241
Jul '241
Aug '240
Sep '241
Oct '240
Nov '242
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '251
Jul '250
Aug '250
Sep '252
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Lemniscap: Crypto & Blockchain is the largest displayed sector by deal count (50 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Lemniscap: Crypto & Blockchain is the largest displayed sector by deal count (50 deals). All available history
SectorDeals
Crypto & Blockchain50
Fintech17
Cybersecurity & Privacy6
Networks, Cloud & Communication6
Developer Tools6
Hardware & Robotics4
Professional Services4
Enterprise Software3
Marketing & Advertising3
AI & Machine Learning3
Consumer & Lifestyle2
Media & Entertainment2
Social & Community Platforms2
Education & Workforce1
E-Commerce & Retail1
AR/VR1
Data, Analytics & IT1
Transportation & Logistics1
Health & Life Sciences1
Gaming & eSports1

Deal Size Distribution

Lemniscap: 58 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Lemniscap: 58 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M33
$5M-$10M16
$10M-$25M4
$25M-$50M4
$50M-$100M0
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Lemniscap: United States has the largest recorded deal count among the displayed regions (24 deals).All available history.

Top 10 of 14 regions; European countries are grouped as Europe.

Lemniscap: United States has the largest recorded deal count among the displayed regions (24 deals). All available history
RegionDeals
United States24
Europe14
India4
Canada4
Cayman Islands2
Israel2
105511
Argentina1
Seychelles1
334581
Lemniscap: 20 co-investors are shown, with Polychain Capital sharing 8 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Lemniscap: 20 co-investors are shown, with Polychain Capital sharing 8 recorded deals. All available history
Co-investorShared deals
Polychain Capital8
Coinbase Ventures7
Dragonfly7
Divergence Ventures5
Big Brain Holdings4
Galaxy Digital4
ParaFi Capital4
Robot Ventures4
The LAO4
A Capital3
Bankless Ventures3
Brevan Howard Digital3
CMT Digital3
Collab+Currency3
GSR3
Maven 113
North Island Ventures3
Placeholder3
Primitive Ventures3
YZI Labs3

Investment Strategy

Lemniscap: Led accounts for 53% and participating for 47% of round participation.All available history.
Lemniscap: Led accounts for 53% and participating for 47% of round participation. All available history
CategoryDeals (count)Share (%)
Led3153%
Participating2747%
Lemniscap: Single-lead accounts for 68% and co-led for 32% of lead dynamics.All available history.
Lemniscap: Single-lead accounts for 68% and co-led for 32% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead2168%
Co-led1032%

Team

Griša Černe

Principal

Roderik van der Graaf

Founder

Shaishav T.

General Partner

Sjors Witteveen

Senior Associate