Is Web3’s Next Boom Coming from Africa, LATAM, and Asia? Lisk Bets $15 Million on It

Lisk has launched a $15 million venture initiative, the Lisk EMpower Fund, aimed at accelerating Web3 startups in Africa, Latin America (LATAM), and Southeast Asia.

The fund positions itself as a counterweight to the oversaturated Western venture scene, where valuations are at record highs and returns are increasingly muted.

Lisk is betting that the world’s most transformative Web3 companies will emerge from frontier economies often dismissed by Silicon Valley.

The Lisk EMpower Fund will distribute up to $250,000 in capital per startup, while providing hands-on advisory covering regulatory compliance, tokenization, and fundraising strategies.

Early recipients include South Africa’s Lov.cash (digital supply chain), Afrikabal (agritech), Indonesia’s IDRX (stablecoin), and SigraFi (gold-backed lending).

Proof in action