# Lemniscap: portfolio, investments and team

> Lemniscap is a vc firm based in Cayman Islands. 87 investments on record, 1 in the last 12 months, latest Jan 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/lemniscap (Millionrounds; every figure on the page links to its filing or article)

Cayman Islands · [Investor](https://millionrounds.com/investors)

# Lemniscap

Last cheque observed Jan 2026; 87 cheques on record.

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Deploying now New fund $36M, Apr 2024 VC firm

Pre-seed Seed Series A Web3 Decentralized Finance Token

Follow Lemniscap and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Flemniscap)

Deploying now

**4%** of best year **1** **cheques in 12 months**, 87 on record

Since the last cheque **303** days **00** hrs **00** min **00** sec

Median round **$4.5M** Rounds led **0 of 87** Sole investor **7 rounds** Mostly in **United States, 71%**

Pitch Lemniscap

## Lemniscap highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Seed and Series A: 78% of its rounds
- 03 Sole investor in 7 rounds, median $2.5M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Web3 Decentralized Finance Token
- **Based in:** George Town, Cayman Islands
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **87 appearances**

- **2026** 1 round
- **Jan** **[Flying Tulip](https://millionrounds.com/company/flying-tulip)** Series A · US **$26M** With 3 others
- **2025** 8 rounds
- **Sept** **[Flying Tulip](https://millionrounds.com/company/flying-tulip)** Seed · Ventureburn **$200M** With 9 others
- **Sept** **[Senpi](https://millionrounds.com/company/senpi)** Seed · US **$4.0M** With 4 others
- **Sept** **[Memes Lab](https://millionrounds.com/company/memes-lab)** Crowdfunding **$1.5M** With 4 others
- **Aug** **[Irys](https://millionrounds.com/company/irys)** Series A · US **$10M** With 4 others
- **May** **[Dexari](https://millionrounds.com/company/dexari)** Seed · US **$2.3M** Sole investor
- **Apr** **[Tally](https://millionrounds.com/company/tally)** Series A · US **$8.0M** With 3 others
- **Mar** **[DeCharge Network](https://millionrounds.com/company/decharge-network)** Seed **$2.5M** Sole investor
- **Jan** **[Rysk Finance](https://millionrounds.com/company/rysk-finance)** Venture · US **Undisclosed** With 2 others
- **2024** 24 rounds
- **Nov** **[Cytonic](https://millionrounds.com/company/cytonic)** Seed **$8.3M** Sole investor
- **Nov** **[Pulse](https://millionrounds.com/company/pulse)** Pre-seed · US **$1.8M** With 2 others
- **Oct** **[Nitro Labs](https://millionrounds.com/company/nitro-labs)** Seed · US **$4.0M** With 2 others
- **Oct** **[Hyve](https://millionrounds.com/company/hyve)** Seed · CA **$1.9M** With 1 other
- **Sept** **[Fermah](https://millionrounds.com/company/fermah)** Seed · US **$5.2M** With 2 others
- **Sept** **[PuffPaw](https://millionrounds.com/company/puffpaw)** Seed · US **$6.0M** With 3 others
- **Jul** **[Bitnomial](https://millionrounds.com/company/bitnomial)** Venture · US **$25M** With 4 others
- **Jul** **[Dora](https://millionrounds.com/company/dora)** Seed · US **$5.5M** With 3 others
- **Jun** **[Farworld Labs](https://millionrounds.com/company/farworld-labs)** Pre-seed · US **$1.8M** With 2 others
- **May** **[Switchboard](https://millionrounds.com/company/switchboard)** Series A · CA **$7.5M** With 3 others
- **May** **[Paragraph](https://millionrounds.com/company/paragraph)** Venture · US **$5.0M** With 4 others
- **Apr** **[Legitimate](https://millionrounds.com/company/legitimate)** Seed · US **$4.3M** With 3 others
- **Apr** **[dvts.network](https://millionrounds.com/company/dvts-network)** Series A **$10M** With 2 others
- **Apr** **[Aligned Layer](https://millionrounds.com/company/aligned-layer)** Series A · AR **$20M** With 2 others
- **Apr** **[Puffer](https://millionrounds.com/company/puffer)** Series A · KY **$18M** With 5 others
- **Mar** **[Cosmology](https://millionrounds.com/company/cosmology)** Seed · US **$5.0M** With 1 other
- **Mar** **[Fjord Foundry](https://millionrounds.com/company/fjord-foundry)** Seed · NO **$4.3M** With 1 other
- **Mar** **[Paragraph](https://millionrounds.com/company/paragraph)** Seed · US **$5.0M** With 3 others
- **Mar** **[Custodia Bank](https://millionrounds.com/company/custodia-bank)** Series A · US **$2.9M** With 4 others
- **Feb** **[Watches.io](https://millionrounds.com/company/watches-io)** Pre-seed · US **$1.9M** With 1 other
- **Feb** **[Fluid](https://millionrounds.com/company/fluid)** Series A · SG **$5.2M** With 7 others
- **Feb** **[NYM Technologies SA](https://millionrounds.com/company/nym-technologies-sa)** Grant · CH **$150K** With 7 others
- **Jan** **[Safary](https://millionrounds.com/company/safary)** Pre-seed · US **$2.4M** With 4 others
- **Jan** **[vibe.market & vibechain.com](https://millionrounds.com/company/vibe-market-and-vibechain-com)** Pre-seed · US **$1.0M** Sole investor
- **2023** 9 rounds
- **Nov** **[Pendle Finance](https://millionrounds.com/company/pendle-finance)** Venture · US **Undisclosed** With 2 others
- **Nov** **[Stackr Labs](https://millionrounds.com/company/stackr-labs)** Seed **$5.5M** With 3 others
- **Oct** **[Fairblock](https://millionrounds.com/company/fairblock)** Pre-seed · CA **$2.5M** With 2 others
- **Aug** **[Stroom Network](https://millionrounds.com/company/stroom-network)** Seed · UA **$3.5M** With 2 others
- **Jul** **[Atlendis Labs](https://millionrounds.com/company/atlendis-labs)** Debt · FR **$1.1M** With 5 others
- **May** **[Sort](https://millionrounds.com/company/sort)** Seed · US **$3.5M** With 2 others
- **May** **[Webb Protocol](https://millionrounds.com/company/webb-protocol)** Seed · US **$7.0M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

BP **Ben Pershick** Director of the Investment Manager i Filing they signed

BJ **Benjamin Joseph Pershick** Director i Form ADV

CM **Charles Michael Thomas** Director of the Investment Manager i Filing they signed

RV **Roderik van der Graaf** Director of the General Partner and Investment Manager i Filing they signed

We also hold **6** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$151M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Lemniscap Global Limited
- **SEC number:** CRD 325597

New fund on file

**$36M**

raised in Apr 2024

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$4.5M** the round, not its cheque Alone, median **$2.5M**

Led 0 of 87 rounds **0%**

- **Sole investor:** 7 rounds
- **Last cheque:** Jan 2026

Rounds by stage said on their site

- Seed said *45*
- Series A said *17*
- Venture *9*
- Pre-seed said *7*
- Token sale *2*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Coinbase Ventures](https://millionrounds.com/fund/coinbase) 11
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 10
- [Polychain](https://millionrounds.com/fund/polychain) 9
- [GSR](https://millionrounds.com/fund/gsr) 8
- [ParaFi Capital](https://millionrounds.com/fund/parafi) 6
- [True Ventures](https://millionrounds.com/fund/true-ventures-2) 6

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## Who they invest alongside

The investors most often in the same rounds as Lemniscap. A count of rooms they were both in, not a relationship either has claimed.

[**Coinbase Ventures** Corporate VC **11** rounds together](https://millionrounds.com/fund/coinbase)[**Y Combinator** Accelerator **10** rounds together](https://millionrounds.com/fund/y-combinator)[**Polychain** VC firm **9** rounds together](https://millionrounds.com/fund/polychain)[**GSR** VC firm **8** rounds together](https://millionrounds.com/fund/gsr)[**ParaFi Capital** VC firm **6** rounds together](https://millionrounds.com/fund/parafi)[**True Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/true-ventures-2)[**Digital Currency Group** VC firm **5** rounds together](https://millionrounds.com/fund/digital-currency-group)[**Pantera Capital** VC firm **5** rounds together](https://millionrounds.com/fund/pantera-capital)[**Robot Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/robot-ventures)[**YZi Labs** VC firm **5** rounds together](https://millionrounds.com/fund/yzi-labs)[**Big Brain Holdings** VC firm **4** rounds together](https://millionrounds.com/fund/big-brain-holdings)[**Blockchain Capital** VC firm **4** rounds together](https://millionrounds.com/fund/blockchain-capital)

## Recently backed

The latest companies Lemniscap put money into.

[**Flying Tulip** $26M · Jan 2026](https://millionrounds.com/company/flying-tulip)[**Senpi** $4.0M · Sept 2025](https://millionrounds.com/company/senpi)[**Irys** $10M · Aug 2025](https://millionrounds.com/company/irys)[**Dexari** $2.3M · May 2025](https://millionrounds.com/company/dexari)[**DeCharge Network** $2.5M · Mar 2025](https://millionrounds.com/company/decharge-network)[**Rysk Finance** Jan 2025](https://millionrounds.com/company/rysk-finance)

## Quick answers about Lemniscap

### What does Lemniscap invest in?

Lemniscap invests most often at Seed and Series A (78% of the rounds on record), in sectors such as Web3, Decentralized Finance and Token.

### How active is Lemniscap?

87 investments on record, 1 of them in the last 12 months. The most recent was in Jan 2026.

### What has Lemniscap invested in recently?

Its most recent investments on record: Flying Tulip (Series A, Jan 2026), Senpi (Seed, Sept 2025) and Memes Lab (Crowdfunding, Sept 2025).

### How big are Lemniscap's cheques?

The median round it joins is $4.5M.

### Does Lemniscap lead rounds?

Rarely, if at all: none of its 87 investments on record names it as the lead.

### Where does Lemniscap invest?

Most of the companies it backs are in the United States (71%) and Canada (9%).

### Is Lemniscap investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does Lemniscap invest alongside?

Most often Coinbase Ventures (11 rounds together), Y Combinator (10 rounds together) and Polychain (9 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=lemniscap) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=lemniscap)