Lemniscap, a Cayman Islands-headquartered investment firm, has successfully raised $70 million for its third and largest investment fund. This fund aims to support early-stage Web3 projects, focusing on blockchain innovations and infrastructure. The first close of the fund took place late last year, with the final close occurring recently. Lemniscap plans to provide strategic guidance and funding to startups tackling pre-trend narratives and emerging markets in the crypto space.