# Lemnos VC: portfolio, investments and team

> Lemnos VC is a vc firm based in United States. 18 investments on record, latest Sept 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/lemnos (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Lemnos VC

Last cheque observed Sep 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet VC firm

Pre-seed Seed Series A Hardware Deeptech

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 18 on record

Since the last cheque **2599** days **00** hrs **00** min **00** sec

Median round **$25M** Cheque size, as they say **$200K – $2.0M** Rounds led **0 of 18** Sole investor **2 rounds** Exits **1 from the portfolio** Mostly in **United States, 100%**

Pitch Lemnos VC

## Lemnos VC highlights

- 01 18 rounds on record
- 02 Mostly Seed and Series A: 89% of its rounds
- 03 Sole investor in 2 rounds, median $628K
- 04 1 exits from the portfolio

## What they do

> A premiere early stage deeptech venture firm Lemnos thrives in the earliest stages of building hardware From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $200K – $2.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Hardware Deeptech
- **Based in:** San Francisco, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **18 appearances**

- **2019** 2 rounds
- **Sept** **[Built Robotics](https://millionrounds.com/company/built-robotics)** Series B · US · FinSMEs **$33M** With 5 others
- **Jun** **[Dishcraft](https://millionrounds.com/company/dishcraft)** Series A · US · TechCrunch **$25M** With 1 other
- **2018** 1 round
- **Apr** **[Marble](https://millionrounds.com/company/marble)** Series A · US · TechCrunch **$10M** With 3 others
- **2015** 3 rounds
- **Dec** **[Teforia](https://millionrounds.com/company/teforia)** Seed · US **$5.1M** With 3 others
- **Oct** **[Pantry](https://millionrounds.com/company/pantry)** Seed · US **$1.0M** With 5 others
- **Jun** **[Spire](https://millionrounds.com/company/spire)** Series B · US **$40M** With 4 others
- **2014** 3 rounds
- **Sept** **[6SensorLabs](https://millionrounds.com/company/6sensorlabs)** Seed · US **$4.0M** With 5 others
- **Aug** **[Swift Navigation](https://millionrounds.com/company/swift-navigation)** Seed · US **$2.6M** With 4 others
- **Aug** **[Pantry](https://millionrounds.com/company/pantry)** Seed · US **$1.3M** With 8 others
- **2013** 7 rounds
- **Nov** **[Vires Aeronautics](https://millionrounds.com/company/vires-aeronautics)** Seed · US · marketbrief.com **$1.0M** With 4 others
- **Sept** **[Sproutling](https://millionrounds.com/company/sproutling)** Series A · US · techcrunch.com **$2.6M** With 6 others
- **Sept** **[Sproutling](https://millionrounds.com/company/sproutling)** Seed · US **$2.6M** With 11 others
- **May** **[Airware](https://millionrounds.com/company/airware)** Series A · US · techcrunch.com **$12M** With 8 others
- **May** **[Bia](https://millionrounds.com/company/bia)** Seed · US **$1.2M** Sole investor
- **Mar** **[Airware](https://millionrounds.com/company/airware)** Seed · US **$3.0M** With 6 others
- **Feb** **[Spire](https://millionrounds.com/company/spire)** Seed · US · techcrunch.com **$1.2M** With 4 others
- **2012** 2 rounds
- **Nov** **[Local Motion](https://millionrounds.com/company/local-motion)** Seed · US · venturebeat.com **Undisclosed** With 7 others
- **Sept** **[Revolve Robotics](https://millionrounds.com/company/revolve-robotics)** Seed · US **$55K** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

EN **Eric Nicholas Klein** Managing Director i Form ADV

HZ **Helen Zelman Boniske** Director, President, Managing Director, CFO, Secretary, Shareholder (Common Stock) i Form ADV

We also hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$115M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Lemnos LABS Inc.
- **SEC number:** CRD 163685

## What they claim to have backed

From their own portfolio page (on their website)

**9** of 18 we have independently watched raise

[Built](https://millionrounds.com/company/built-robotics)[Ceresimaging](https://millionrounds.com/company/ceres-imaging)[Elroyair](https://millionrounds.com/company/elroy-air)[Fortrobotics](https://millionrounds.com/company/fort-robotics)[Path-robotics](https://millionrounds.com/company/path-robotics)[Petra](https://millionrounds.com/company/petra)[Picomes](https://millionrounds.com/company/pico-mes)[Simberobotics](https://millionrounds.com/company/simbe)[Swiftnav](https://millionrounds.com/company/swift-navigation) Byte Duality Farmwise Hyphen Lumeo Rhombus Scytherobotics Spire Volition

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Local Motion](https://millionrounds.com/company/local-motion)** Bought by [Zipcar](https://millionrounds.com/fund/zipcar) **Undisclosed** Aug 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Pre-seed Seed Series A

Median round joined **$25M** the round, not its cheque Alone, median **$628K**

Led 0 of 18 rounds **0%**

- **Said size:** $200K – $2.0M
- **Sole investor:** 2 rounds
- **Last cheque:** Sept 2019
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed said *12*
- Series A said *4*
- Series B said *2*
- Pre-seed said *-*

Cheques by year Led Joined

2012 2019

Often in the room with

- [First Round Capital](https://millionrounds.com/fund/first-round-capital) 5
- [Promus Ventures](https://millionrounds.com/fund/promus-ventures) 4
- [RRE Ventures](https://millionrounds.com/fund/rre-ventures) 3
- [Shasta Ventures](https://millionrounds.com/fund/shasta-ventures) 3
- [VegasTechFund](https://millionrounds.com/fund/vegastechfund) 3
- [500 Global](https://millionrounds.com/fund/500-startups) 2

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## Who they invest alongside

The investors most often in the same rounds as Lemnos VC. A count of rooms they were both in, not a relationship either has claimed.

[**First Round Capital** VC firm **5** rounds together](https://millionrounds.com/fund/first-round-capital)[**Promus Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/promus-ventures)[**RRE Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/rre-ventures)[**Shasta Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/shasta-ventures)[**VegasTechFund** Private equity **3** rounds together](https://millionrounds.com/fund/vegastechfund)[**500 Global** Angel **2** rounds together](https://millionrounds.com/fund/500-startups)[**Accelerator Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/accelerator-ventures)[**BoxGroup** VC firm **2** rounds together](https://millionrounds.com/fund/boxgroup)[**Draper Associates** VC firm **2** rounds together](https://millionrounds.com/fund/draper-associates)[**Felicis** VC firm **2** rounds together](https://millionrounds.com/fund/felicis-ventures)[**FirstMark** VC firm **2** rounds together](https://millionrounds.com/fund/firstmark)[**Forerunner Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/forerunner-ventures)

## Recently backed

The latest companies Lemnos VC put money into.

[**Built Robotics** $33M · Sept 2019](https://millionrounds.com/company/built-robotics)[**Dishcraft** $25M · Jun 2019](https://millionrounds.com/company/dishcraft)

## Mentioned on podcasts

Episodes that name Lemnos VC in their description, not their title.

- [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 14 Jun 2018 · 39 min Episode #24: The Future of Hardware and Robotics Mentions [Lemnos VC](https://millionrounds.com/fund/lemnos)[Eric Klein](https://millionrounds.com/person/eric-klein) Apple PodcastsShow page

## Quick answers about Lemnos VC

### What does Lemnos VC invest in?

Lemnos VC invests most often at Seed and Series A (89% of the rounds on record), in sectors such as Hardware and Deeptech.

### How active is Lemnos VC?

18 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2019.

### What has Lemnos VC invested in recently?

Its most recent investments on record: Built Robotics (Series B, Sept 2019), Dishcraft (Series A, Jun 2019) and Marble (Series A, Apr 2018).

### How big are Lemnos VC's cheques?

The median round it joins is $25M. It says it writes cheques of $200K to $2.0M.

### Does Lemnos VC lead rounds?

Rarely, if at all: none of its 18 investments on record names it as the lead.

### Where does Lemnos VC invest?

Most of the companies it backs are in the United States (100%).

### Is Lemnos VC investing now?

No investments in the last 12 months; the latest was in Sept 2019.

### Who does Lemnos VC invest alongside?

Most often First Round Capital (5 rounds together), Promus Ventures (4 rounds together) and RRE Ventures (3 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=lemnos) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=lemnos)