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

Funded Companies

Company
Description
Industry
Website
Location
Airware

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 San Francisco, US-based company founded in 2012 by Chris Bruce.

A company offering a cloud-based video security surveillance platform for enterprises.

Quartz is a San Francisco-based software company which helps construction site managers identify, track, and understand the equipment which moves around the build site.

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Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Lemnos Labs Seed round November 2012
1,850,000
November 2012
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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

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Airware

Built Robotics

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

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References

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