March 13, 2024
Fjord Foundry, based in Oslo, Norway, has raised $4.3 million in a seed funding round led by Lemniscap. Other participants included Mechanism Cap, Zee Prime Cap, Castle Capital, and several individual investors such as Crypto Kaduna, Fomosaurus, Joshua Rager, Kieran Warwick, Danny Wilson, Robin Davids, JohnnyZCash, DannyCrypt, and ChadGaff. This funding round aims to support the development and expansion of Fjord's community-focused platform that connects innovative projects with dedicated backers.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Fjord Foundry | Mar 13, 2024 | $4.3M | Seed | $4.3M | Lemniscap | DeFi |
Fjord Foundry provides a structured environment for early-stage projects to connect with backers, allowing them to bootstrap liquidity efficiently. The platform offers various token sale methods, including Liquidity Bootstrapping Pools (LBPs), designed to ensure equitable distribution and minimize risks associated with manipulation. Fjord's pricing mechanism allows the community to determine the fair market value of tokens, promoting transparency and fairness.
Since its inception in September 2021, Fjord Foundry has facilitated over $880 million in token sales and liquidity events. The beta launch of Fjord V2 in December 2023 has already generated over $95 million in token launches. Notable projects supported by Fjord include Merit Circle, RSS3, Autonolas, Shutter Network, Vector Finance, Inscribe, and Ordibank.
The new funding will be used to enhance Fjord's platform by developing new features, supporting additional blockchain networks, and improving the user interface. Fjord Foundry also plans to introduce its native utility token, FJO, and expand its range of launch types throughout 2024.
About Fjord Foundry:
Fjord Foundry is a community-focused platform that connects innovative projects with engaged backers. The platform offers a variety of token sale methods, including Liquidity Bootstrapping Pools (LBPs), to help projects bootstrap liquidity while ensuring fair distribution. Fjord Foundry's mission is democratizing access to early-stage opportunities and providing a seamless and transparent environment for project teams and backers.
Website: https://www.fjordfoundry.com/
X Account: https://x.com/FjordFoundry
X Followers today: 46,019
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Investor: Lemniscap
Lemniscap is an investment firm specializing in emerging crypto assets and blockchain startups. The firm supports projects that leverage blockchain technology to drive innovation in various sectors.
Location: Amsterdam, Netherlands
Website: https://lemniscap.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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