Investor profile

Lemnos

VC

USDeep TechEnterpriseMarketplacesAI/MLOther

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Investment thesis

Lemnos is a premiere early-stage deep tech venture firm focused on hardware and hardware-adjacent software startups. The firm thrives in the earliest stages of building hardware — when every dollar counts, every hour matters, and each decision is crucial to success or failure — helping founders better understand their customers, anticipate problems, and leverage their assets. Lemnos focuses on engineering, manufacturing, marketing, and financial capital, drawing from its expertise, experience, and global network to turn great ideas into successful hardware companies. The firm invests across sectors including robotics, aerospace, agriculture, logistics, transportation, and manufacturing, with a belief that hardware startups can achieve significant venture-scale returns, particularly when incorporating recurring revenue models.

Notable quotes

Our role is to help early-stage hardware entrepreneurs remove much of the engineering risk so they can focus on building their core business.

Jeremy Conrad · Yahoo Finance / PR Newswire, Lemnos Labs $20M Fund Announcement · 2014-03-26

It's been proven that you can do hardware at venture scale.

Jeremy Conrad · Axios, Lemnos $50M Fund III Announcement · 2017-12-15

Robotics. The technology has been trapped in cages in factories. We're very excited about robots interacting with the real world.

Jeremy Conrad · TechCrunch, Lemnos $50M Fund III · 2017-03-07

Team

Helen Zelman Boniske

General Partner & Co-Founder

Deep TechEnterpriseOther

Eric Klein

Managing Director / Partner

Deep TechEnterpriseOther

Recent investments

CompanyRoundSizeDate
FORT RoboticsSeries B+$25m2025-08-07
Pico MESSeries A2023-06-23
Spire GlobalSeed
FarmWiseSeed
Built RoboticsSeed
Scythe RoboticsSeries A$14m2021-06-15
Path RoboticsSeries B+$56m2021-05-04
Swift NavigationSeed
CompologySeed
Dishcraft RoboticsSeed

Frequent co-investors

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