Lisk Launches $15M EMpower Venture Fund to Fuel Web3 Innovation in Emerging Markets
Lisk, the dedicated growth platform empowering Web3 founders, has unveiled the Lisk EMpower Fund, a substantial $15 million venture capital initiative. This fund is strategically designed to bolster Web3 startups that are actively addressing tangible, real-world challenges across high-growth regions like Africa, Latin America, and Southeast Asia. This move underscores a significant shift towards supporting practical, utility-driven blockchain solutions in markets ripe for technological adoption and impact.
Backing Real-World Solutions: A Strategic Investment Focus
The Lisk EMpower Fund is committed to identifying and nurturing innovative Web3 ventures that deviate from speculative trends, focusing instead on impactful problem-solving. This strategic direction is evident in its initial investments, which span diverse sectors and geographies. These include Lov.cash, a digital supply chain platform based in South Africa, and Afrikabal, an Agritech platform operating across Africa, highlighting a strong commitment to the continent’s burgeoning tech scene. Further investments include IDRX, an Indonesian stablecoin aiming to stabilize digital transactions, and SigraFi, a company that finances small gold producers and issues gold-backed on-chain loan notes, showcasing a blend of financial innovation and real-asset integration. Gideon Greaves, Head of Investments at Lisk, emphasized this philosophy, stating, “Global VCs have become obsessed with speculation. In high-growth markets, the opposite is true. Founders are solving real problems with real utility and that is where the next unicorns will come from.” This perspective underscores the immense potential within these high-growth markets, where emerging technologies are leveraged to develop unique solutions that conventional methods often fail to address.
By focusing on these dynamic regions, the Lisk EMpower Fund is positioning itself at the forefront of a new wave of Web3 development. Its commitment to empowering local founders solving local challenges through innovative blockchain applications is set to unlock significant growth opportunities and foster the next generation of impactful Web3 unicorns. This initiative not only provides crucial capital but also aims to cultivate a vibrant ecosystem of utility-focused Web3 solutions globally.
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