The water resource RWA project LAKE has completed $12.4 million in financing, with participation from Artaize Invest and others

ChainCatcher news, according to Cointelegraph, the blockchain company LAKE, focused on reshaping the global water economy, announced the completion of a $12.4 million financing round, with participation from Artaize Invest, EMB Venture Capital, Michel Audeban-Business Angel, and the MSM family office.

Earlier this year, LAKE completed a $3 million private placement financing, expanded its workforce, and opened a new operations center in Dubai.

It is reported that LAKE is an RWA project with a vision to leverage blockchain technology to improve the current water economy and promote equitable and decentralized access to water resources globally.