February 25, 2025
Memes Lab has raised $2.3 million in a seed funding round led by Lemniscap, with participation from TVM Ventures, Animoca Brands, OKX Ventures, Mirana Ventures, KuCoin Ventures, GSR, and Amber Group. The funding will support the development of its platform on The Open Network (TON), which is designed for memecoin creation, trading, and distribution.
The company is working toward launching a unified platform that aims to streamline the issuance and exchange of memecoins. The investment will also contribute to the preparation of its upcoming token generation event (TGE). With a focus on simplifying token creation, Memes Lab seeks to provide users with accessible tools for engaging with the memecoin market.
About Memes Lab
Memes Lab is building a platform on The Open Network (TON) to enable users to create, trade, and distribute memecoins. The project is developing tools to facilitate token launches while integrating trading and community engagement features.
X: @memeslabxyz
About Investor
Lemniscap
Lemniscap is an investment firm specializing in early-stage blockchain and cryptocurrency projects. The firm provides capital and strategic guidance to startups operating in various areas of the digital asset industry.
Location: George Town, Cayman Islands
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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