NAUT tracks 184 Lemniscap co-investors, the backers that sit alongside the crypto investment firm on the 44 round records NAUT holds for it, read on 13 November 2026. Animoca Brands shares the most, 7 of the 44 rounds, ahead of Bitscale Capital and Hypersphere Ventures at 5 each.
Data as of 13 November 2026, counted from NAUT's own funding records: the 44 rounds where Lemniscap appears as a backer, across 40 companies (Axelar holds 3 of them, Puffer Finance and Liquity 2 each). 37 of the 44 carry a date, from 24 October 2018 to 24 February 2025, and 22 of those 37 fall in 2021 and 2022. The 184 backers come from 271 co-backer entries: 173 are investor rows, 10 are company rows (Animoca Brands and Dragonfly among them) and 1 is a platform row. NAUT lists Animoca under 2 rows, Animoca Brands on 7 rounds and Animoca Brands (Ventures) on 3; the 3 are all among the 7, so the 2 rows together still cover 7 rounds. Both are ranked as NAUT stores them. NAUT put 7 claims about these firms to outside sources; none came back with wording found on a page NAUT could read, so every figure below is NAUT's own record.
Which funds co-invest with Lemniscap most often?
24 backers share 3 or more of the 44 rounds. The 15 below are ranked by the number of rounds shared with Lemniscap, ties broken by name; 13 firms sit on exactly 3, so ranks 12 to 15 are the first 4 of those 13 by name. The last column is the newest shared round that carries a date.
| Backer | Rounds | Newest |
|---|---|---|
 Animoca Brands |
7 | 24 Feb 2025 |
 Bitscale Capital |
5 | 7 Sep 2021 |
 Hypersphere Ventures |
5 | 24 Mar 2022 |
 Coinbase Ventures |
4 | 16 Apr 2024 |
 D1 Ventures |
4 | 24 Nov 2022 |
 Divergence Ventures |
4 | 15 Jul 2021 |
 Dragonfly |
4 | 14 Feb 2023 |
 IOSG Ventures |
4 | 7 Sep 2021 |
 Mechanism Capital |
4 | 16 Apr 2024 |
 Robot Ventures |
4 | 17 Mar 2022 |
 The Spartan Group |
4 | 3 Apr 2024 |
 Alameda Research |
3 | 15 Feb 2022 |
 Amber Group |
3 | 24 Feb 2025 |
 Animoca Brands (Ventures) |
3 | 24 Feb 2025 |
 Axia8 Ventures |
3 | 3 Apr 2024 |
The other 9 firms on 3 shared rounds are Bankless, Crypto.com Capital, Folius Ventures (Maple Leaf), GSR, Mirana Ventures, Morningstar Ventures, ParaFi Capital, Primitive Ventures and The LAO. Divergence Ventures and Dragonfly each sit on 2 Axelar rounds, which is why they span 3 companies for 4 rounds. Alameda Research is described on its own NAUT page in the past tense, so treat its 3 rounds as history when you plan outreach.
How many rounds do the top Lemniscap co-investors share?
No backer reaches 8 of the 44 rounds, and 137 of the 184 share just 1, so the Lemniscap syndicate is wide and thin: 47 backers share 2 or more rounds and 11 share 4 or more.
Which Lemniscap rounds have the biggest syndicates?
Every one of the 44 rounds has at least 1 other backer on NAUT's record; the median round holds 4 and the mean is 6.2. The 9 rounds below hold 10 or more other backers, ranked by that count.
| Company | Round | Date | Backers |
|---|---|---|---|
 Debridge |
Seed, $5.5M | 7 Sep 2021 | 29 |
 Puffer Finance |
Seed, $5.5M | 9 Aug 2023 | 15 |
 XY Finance |
Funding, $12M | 3 Dec 2021 | 14 |
 Orbiter Finance |
Seed, no amount | No date | 14 |
 Impossible Finance |
Private, $7M | 3 Jun 2021 | 13 |
 LAB (prev. Memes Lab) |
Seed, $2.3M | 24 Feb 2025 | 13 |
 Pendle |
Private, $3.7M | 16 Apr 2021 | 12 |
 Aurigami |
Investment, $9.5M | 15 Feb 2022 | 10 |
 Flying Tulip |
Seed, $200M | No date | 10 |
"No amount" and "No date" mean the round record NAUT read for this article carries none. 43 of the 44 rounds carry an amount, at a $5.2M median, and Flying Tulip's $200M seed is the largest of them.
What the Lemniscap co-investors list tells a BD team
- The repeat core is small. 11 backers share 4 or more Lemniscap rounds, and all 15 in the table link to their own NAUT page, which shows the team where NAUT holds one.
- The biggest syndicates open the most doors. Debridge's seed holds 29 other backers on NAUT, Puffer Finance's seed 15, and XY Finance and Orbiter Finance 14 each.
- The newest rounds are the warmest. 4 rounds are dated 2024 or later: LAB (prev. Memes Lab) on 24 February 2025 with 13 other backers, Puffer Finance's Series A on 16 April 2024 with 7, Aligned on 14 April 2024 with 3, and Zeus Network on 3 April 2024 with 7.
- Shortlist the repeat fundsAnimoca Brands shares 7 rounds, Bitscale Capital and Hypersphere Ventures 5 each.
- Start with the newest roundsLAB (prev. Memes Lab) on 24 February 2025 and Puffer Finance on 16 April 2024 lead the 4 rounds dated 2024 or later.
- Open the big syndicatesDebridge holds 29 other backers and Puffer Finance's seed 15.
- Find the decision makerFund and company pages on NAUT show the team where NAUT holds one, with the channels on file.
What this tells a founder raising from Lemniscap
- Expect a syndicate. The median Lemniscap round holds 4 other backers on NAUT's record and the mean is 6.2.
- Round sizes on the record are early stage. 22 of the 44 are labelled Seed Round, and the 43 with an amount sit at a $5.2M median.
- Follow-on happens. Axelar holds 3 Lemniscap rounds, a seed, a Series A and a Series B, and Puffer Finance holds a seed and a Series A.
- Warm paths run through the top 15. A founder already backed by Coinbase Ventures, Mechanism Capital or The Spartan Group is 1 intro from a firm that shared 4 rounds with Lemniscap, the latest in April 2024.
- Check your cap tableMatch your backers against the 11 that share 4 or more rounds with Lemniscap.
- Ask for the introAnimoca Brands at 7 rounds and Bitscale Capital at 5 are the densest links.
- Size the askThe 43 rounds with an amount sit at a $5.2M median.
How to reach the decision makers
Every company in the syndicate table, like the rest of the Lemniscap investments, links to its NAUT page, which carries the backers and, where NAUT holds them, the team and each person's channels, and the Lemniscap portfolio page lists its investments. The 15 linked co-investor pages in the first table work the same way, so a deal maker can go from 1 round to the people NAUT lists at those funds.
Related reading on NAUT: Crypto co-investors: 3 steps, 168 on 66 rounds for 1 fund and Animoca Brands portfolio: 135 companies, 48 in gaming.
Can you pull this data through the NAUT API?
Yes. GET https://api.naut.so/v1/investors/lemniscap returns the fund with its team and its portfolio, each row carrying the company, roundType, amountUsd, announceDate and isLead, for 5 credits with Authorization: Bearer $NAUT_KEY; call the same endpoint with each co-investor's slug to compare portfolios. Read the parameters at naut.so/docs/api and the plans at naut.so/pricing. Verified Telegram, email and LinkedIn for the people behind these funds unlock on any paid NAUT plan, so start a 7-day trial.
Lemniscap co-investors FAQ
Which funds co-invest with Lemniscap most often?
On NAUT's records read on 13 November 2026, Animoca Brands shares the most Lemniscap rounds at 7 of 44, then Bitscale Capital and Hypersphere Ventures at 5 each and 8 firms at 4, from Coinbase Ventures to The Spartan Group.
How many co-investors does Lemniscap have?
NAUT holds 184 backers on the 44 Lemniscap round records as of 13 November 2026, from 271 co-backer entries. 47 of them share 2 or more rounds and 137 share 1.
Which Lemniscap round has the most co-investors?
Debridge's $5.5M seed of 7 September 2021 holds 29 other backers on NAUT's record, the most of the 44 Lemniscap rounds read on 13 November 2026, followed by Puffer Finance's $5.5M seed of 9 August 2023 with 15.
Where can I find Lemniscap's co-investors and their contact channels?
On NAUT. Lemniscap's page lists its investments, the 15 linked co-investor pages in this report's table show each fund's portfolio and, where NAUT holds one, its team, and GET https://api.naut.so/v1/investors/lemniscap returns the same rows for a script. Verified Telegram, email and LinkedIn for those people unlock on any paid NAUT plan, so start a 7-day trial.