RWA Ecosystem LAKE (LAK3) Secures $12.4M to Disrupt the Water Economy
Summary
Through its blockchain-based ecosystem, LAKE is on track to redefine how people engage with the water economy.Geneva, Switzerland, November 11, 2024 - LAKE (LAK3), a blockchain-based company focused on reshaping the global water economy, has secured $12.4 million in funding from various investors including Artaize Invest, EMB Venture Capital, Michel Audeban - Business Angel and members of MSM family office. This successful funding round has allowed LAKE to expand its workforce, open a new operations hub in Dubai, and establish partnerships with notable entities, including Wolverhampton Wanderers FC and premium water sources like Sembrancher in Switzerland and Zilia in Corsica.We are grateful for the support and trust we received from our investors during the private sale round, said Jean-Hugues Gavarini, CEO of LAKE. The funds will support the scaling of global operations, launch the LAK3 token, expand the supply chain network, and drive the companys international growth. "Were proud to support LAKE in its mission to revolutionize the water economy and establish new standards for the future of this long-standing industry," said Kris Badinga-Sousatte, Managing Partner at EMB Venture Capital. This award honors pioneering blockchain projects that create tangible real-world impacts in line with the United Nations 17 Sustainable Development Goals.
Funding
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