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Lemnos VC

Founders Helen Zelman Boniske Jeremy Conrad

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 53
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 32
Rounds per year 4.08
Lead investments 6
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.40
Exits 5
Key employees 4
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Robotics
  • Artificial Intelligence
  • Software
  • Machine Learning
  • Hardware
Summary

Lemnos VC is the famous VC, which was founded in 2011. The main office of represented VC is situated in the San Francisco. The venture was found in North America in United States.

Among the most popular portfolio startups of the fund, we may highlight Spire Global, Built Robotics, Built Robotics. Among the most successful fund investment fields, there are Software, Robotics. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. The fund has exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager.

The increased amount of exits for fund were in 2018. Deals in the range of 5 - 10 millions dollars are the general things for fund. Comparing to the other companies, this Lemnos VC performs on 18 percentage points less the average number of lead investments. The fund is constantly included in 2-6 deals per year. Speaking about the real fund results, this VC is 7 percentage points less often commits exit comparing to other organizations. The top activity for fund was in 2015. Despite it in 2019 the fund had an activity.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the Lemnos VC, startups are often financed by Promus Ventures, New Enterprise Associates, Great Oaks Venture Capital. The meaningful sponsors for the fund in investment in the same round are First Round Capital, Upfront Ventures, New Enterprise Associates. In the next rounds fund is usually obtained by Promus Ventures, First Round Capital, Qualcomm Ventures.

This organization was formed by Helen Zelman Boniske, Jeremy Conrad. Besides them, we counted 4 critical employees of this fund in our database.

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Typical Co-investors
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These funds have a tendency to invest in the following rounds after Lemnos VC:

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Funds from United States
Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Pico MES

Information Technology
Small and Medium Businesses
Software
$12M22 Aug 2023 San Francisco, California, United States

FORT Robotics

Cyber Security
Industrial Automation
Robotics
Security
$25M12 Jul 2022 Philadelphia, Pennsylvania, United States

Hyphen

Industrial Automation
Restaurants
Robotics
Software
$24M16 Feb 2022 San Jose, California, United States

Duality

Artificial Intelligence
Machine Learning
Robotics
$12M07 Dec 2021 California, United States

Rhombus Systems

Information Technology
Security
Video
$10M21 Oct 2021 Sacramento, California, United States

Scythe Robotics

Artificial Intelligence
Information Technology
Robotics
Software
$13M15 Jun 2021 Colorado, United States

Path Robotics

Artificial Intelligence
Big Data
Machine Learning
Robotics
$56M03 May 2021 Columbus, Ohio, United States

FORT Robotics

Cyber Security
Industrial Automation
Robotics
Security
$13M18 Mar 2021 Philadelphia, Pennsylvania, United States

Ono Food Co.

Artificial Intelligence
Industrial Automation
Machine Learning
Restaurants
Robotics
$7M31 Aug 2020 San Jose, California, United States
News
Scythe Robotics Raises $18.6M in Series A Funding

– Scythe Robotics from Boulder, Colorado develops advanced, commercial-grade autonomous robotic solutions for the landscaping industry.
– The company raised $13.8M in Series A funding.
– The round was led by Inspired Capital with participation from existing investors True Ventures, Zigg Capital, and Lemnos.
– The new investment will be used to expand with new customers, grow its existing operations in Texas, Florida and Colorado, and accelerate development of further products.

Robotic landscaping startup Scythe emerges from stealth with $13.8M raise

– Scythe Robotics, a landscaping robotics company, raised $13.8m in Series A funding.
– The round was led by Inspired Capital and featured True Ventures, Zigg Capital and Lemnos.
– It brings the Boulder, Colorado-based landscaping robotics company’s total funding up to $18.6m, including a $4m seed, also led by True Ventures.
– The startup’s first product is an autonomous mower, offered to customers through a Robot-as-a-Service (RaaS) model.
– The method is becoming increasingly popular in the enterprise and industrial space, essentially offering clients robotics through a rental model that includes regular updates and maintenance.
– The mower features eight HDR cameras and a variety of sensors designed to help avoid people, animals and various obstacles it might encounter on the job.

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Total investments 53
Average round size 9M
Rounds per year 4.08
Peak activity year 2015
Lead investments 6
Follow on index 0.40
Exits 5
Group Appearance index 0.92

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Pico MES

Information Technology
Small and Medium Businesses
Software
$12M22 Aug 2023 San Francisco, California, United States

FORT Robotics

Cyber Security
Industrial Automation
Robotics
Security
$25M12 Jul 2022 Philadelphia, Pennsylvania, United States

Hyphen

Industrial Automation
Restaurants
Robotics
Software
$24M16 Feb 2022 San Jose, California, United States

Duality

Artificial Intelligence
Machine Learning
Robotics
$12M07 Dec 2021 California, United States

Rhombus Systems

Information Technology
Security
Video
$10M21 Oct 2021 Sacramento, California, United States

Scythe Robotics

Artificial Intelligence
Information Technology
Robotics
Software
$13M15 Jun 2021 Colorado, United States

Path Robotics

Artificial Intelligence
Big Data
Machine Learning
Robotics
$56M03 May 2021 Columbus, Ohio, United States

FORT Robotics

Cyber Security
Industrial Automation
Robotics
Security
$13M18 Mar 2021 Philadelphia, Pennsylvania, United States

Ono Food Co.

Artificial Intelligence
Industrial Automation
Machine Learning
Restaurants
Robotics
$7M31 Aug 2020 San Jose, California, United States
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