One big reason they are raising more funds is large XCR whales have been FORCED into their ICO - either we exchange XCR or we lose it all. So that is already a good chunk of money upfront that has more or less been forced to participate.
I would not have participated otherwise, honestly.
XCR held a contest for a DAPP build with 1 million XCR prize (1% of entire supply)... ZERO submissions.
XCR could not get delegates to secure the network (so much for user friendly)... almost the entire DPoS delegate system were being run by the devs themselves.
LISK is a direct fork with an updated reward system for delegates (hopefully that is incentive enough), they don't really have a team in place as far as I understand it - the two people in charge now could not technically develop the coin on their own. So there will need to be a huge hiring process and the entire roadmap is not particularly clear right now.
The general impression, which concerns me, is that LISK looks to be a project working hard on ads and marketing without a great deal of evolution from XCR - which stalled out extremely quickly.
I see IOTA as potentially important as an additional layer ontop of many other systems and industries... it compliments things about BTC, ethereum, etc.
I see LISK as a competitor to ETHEREUM and I don't see why, after no one wanted to develop anything for XCR with huge bounties, anyone will want to develop things on a network with zero network effects and a much smaller (magnitudes smaller) user base and dev base and code base and everything base to Ethereum. Cost to switch is not marginal under these circumstances.
That's just my honest assessment and gut feeling.
IOTA, on the other hand, has room of its own to explore and grow in. I'm excited about THAT.
1. Lisk is raising more funds partially due to the different timing. When we started the crowdsale Bitcoin was still in a slump and was just starting to go upwards, which make a lot of people unwilling to spend them. Ethereum hadn't 20x'ed yet, it was at like $1.5 with hodlers, so no new crypto-rich people.
You know i love iota and i have supported this project from the beginning, but i don't agree with this.
Lisk is rising more founds because they use a lot of Marketing and all the ico procedure is easy and user friendly.
Iota crowdslaes was more advanced user oriented and without any marketing supporting the ICO.