Lisk launches $15M fund to back Web3 startups in Africa, Asia
- Lisk has unveiled a $15 million fund to invest in Web3 founders across Africa, Latin America, and Southeast Asia.
- The fund marks Lisk’s first direct capital deployment into startups, building on previous funding efforts.
- 30% of the fund is reserved for follow-on rounds, with initial ticket sizes starting at $250,000.
Lisk's initiative to invest in emerging markets is a commendable step towards fostering innovation in regions that have been historically overlooked by venture capital. By focusing on real-world solutions and empowering founders, Lisk not only addresses funding gaps but also contributes to the development of sustainable tech ecosystems. This approach could potentially lead to significant economic growth and the emergence of new unicorns in these markets.
