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Lemnos Labs

Lemnos Labs

Lemnos is an early-stage venture fund based in San Francisco that invests in technology, software, and cloud services companies, serving customers in the United States.

Lemnos Labs is a venture fund based in San Francisco, that invests in technology, software, and cloud services companies, serving customers in the United States. Founding in 2011 by Helena Zelman Boniske and Jeremy Conrad, it is an early-stage venture fund that invests in pre-seed and seed startups. They invest in the earliest stages of building hardware. Lemnos initially operated as an incubator program but transitioned to a venture firm. The company invests in both startups with a hardware component and software companies developing a technology that will run on a hardware device. The company invests in amounts around $100,000.



Lemnos is operated by Jeremy Conrad, co-founder Helen Zelman and partner Eric Klein. Conrad, Venture was previously in MIT’s Mechanical Engineering Department and the US Air Force, where he was involved in building lasers that blow up missiles.



Investments

Lemnos invests in pre-seed and seed startups. The company invests in consumer, enterprise, and high-tech startups such as TEFORIA, spire, Airware, Marble, NIMA, and swift NAVIGATION. It also provides seed investment, mentorship, and encouragement. Exits include Local Motion, Pantry and Sproutling. Notable hardware companies like Fitbit, Square, Oculus and GoPro are some of their successful investments. Exits include Local Motion which sold to Zipcar and Sproutling, a smart monitor for babies, was acquired by Mattel.



Lemnos VC has raised a total of $71.9 million across 3 funds, their latest being Lemnos Labs Fund III. This fund was announced on Mar 7, 2017 and raised a total of $50 million. Lemnos Labs Investment Fund raised $1.9 million in 2013 with Lemnos Labs Fund II raising $20 million in 2014. 

Timeline

November 2012

Lemnos Labs raises a $1,850,000 seed round from Matt Mullenweg and Ash Patel.

2011

Lemnos Labs was founded by Jeremy Conrad and Helen Zelman Boniske.

Funded Companies

Company
Description
Website
Industry
Location

Airware is an enterprise drone analytics company that enables businesses to harness aerial data and integrate it with existing information and workflows to improve efficiency, productivity and safety. The company provides aerial insights drone solutions for insurance, mining, construction and other industry.

A robotics company that creates products to make the construction industry safer and more efficient. It is located in San Francisco and was founded in 2016.

Sproutling is a hardware company founded by Chris Bruce.

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Funding rounds

Funding round
Funding round amount (USD)
Funding type
Funding round date
Investment
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People

Name
Role
LinkedIn

Alex Andon

Advisor



Alex Vikati

Investor



Ash Patel

Investor



Aymerik Renard

Advisor



Chris Klomp

Advisor



David Heaney

Advisor



David Merrill

Venture Partner



Don Hutchison

Investor



Ed Zimmerman

Investor



Edwin Ong

Investor



Elad Gil

Investor



Eric DeMenthon

Investor



Eric Klein

Partner



Helen Boniske

Partner



Helen Zelman Boniske

Employee



Jack Herrick

Investor



Jane Partensky

Employee



Jeff Schox

Mentor



Jeremy Conrad

Venture Partner



Jon Abrams

Investor



Jonathan Downey

Investor



Justin Shaffer

Investor



Lance White

Investor



Luis Arbulu

Advisor



Marion Sharpe

Operations Manager



Further reading

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Documentaries, videos and podcasts

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Companies

Company
CEO
Location
Products/Services

Airware













Bumblebee Spaces







Byte







Camp Six







Ceres Imaging







Compology







Creator







Dishcraft Robotics







Elroy Air







Enview







Farm Wise







Field Vision







FlyBrix







Industrial Optic







Local Motion







Marble







Nima







Ono







Privacy Labs







Prizm







Quartz







Raven Ops







Rhombus Systems







Scythe Robotics







References