LAKE (LAK3) Raises $12.4M to Transform the Water Industry

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As a seasoned researcher with a keen interest in blockchain technology and sustainable solutions, I find the strides made by LAKE (LAK3) particularly noteworthy. Having spent years studying the complexities of the water industry and its potential for disruption through emerging technologies, it’s refreshing to see a company like LAKE making significant headway in this space.

Lake (LAK3), a trailblazing company that leverages blockchain technology to transform the worldwide water sector, has successfully raised $12.4 million in funding. The investors include Artaize Invest, EMB Venture Capital, business angel Michel Audeban, and the MSM family office members.

As a researcher, I’m excited to share that our project has secured an impressive sum of funding for its next stages. Specifically, we’ve raised $3 million during our Private Sale, and we’re in the midst of our second round, which currently stands at $9.4 million. These funds will be instrumental in expanding our operations on a global scale and launching our LAK3 token.

As a crypto investor, I’m thrilled about the strategic collaborations LAKE has established. They’ve teamed up with Wolverhampton Wanderers FC, venturing into the sports world, and premium water sources like Sembrancher in Switzerland and Zilia in Corsica. This move bridges the chasm between real-world water resources and the Web3 realm, a development that I find truly groundbreaking.

This year, LAKE, established with the goal to transform the way we interact with the water market, has made considerable progress. The successful completion of a $3 million private sale attracted support from a wide range of investors, such as business angels, entrepreneurs, and family offices. These investments have allowed LAKE to grow its workforce, open a new operational center in Dubai, and forge essential partnerships.

As a proud investor in LAKE, I want to extend my heartfelt thanks for the unwavering support during the Private Sale. The funds raised will be instrumental in fueling our global expansion and progress, bringing us one step closer to realizing our dream of democratizing access to the water economy for all.

The second funding phase, initiated at the tail end of August, has surpassed its initial goal of $6.5 million and is rapidly nearing its final target of $12 million. These funds are earmarked for LAKE to amplify its business activities, introduce the LAK3 token into the market, extend its supply chain, and increase its global influence.

Kris Badinga-Sousatte, being the Managing Partner at EMB Venture Capital, commended LAKE’s groundbreaking strategy within the water industry, emphasizing the initiative’s ability to establish fresh benchmarks for the field.

In simpler terms, Michel Audeban, a Business Angel investor, pointed out that the way LAKE operates encourages people to actively engage instead of just being observers. This transformation leads to the creation of exciting, unprecedented opportunities that we never thought possible before.

Recently, LAKE was named one of the Top 10 Laureates for the Web3 Oscars, an award recognizing blockchain projects aligned with the United Nations’ Sustainable Development Goals. The ceremony will take place in Bangkok on November 11, 2024.

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2024-11-11 14:12