LEMNOS LABS INC.

Thesis

Lemnos Labs is a venture capital firm and incubator founded in 2011, headquartered in San Francisco, California, that focuses on early-stage, deep-tech hardware startups. Their investment thesis centers on the fundamental role of hardware in technological advancement, requiring a specialized blend of capital and expertise. Lemnos actively seeks pre-seed and seed-stage companies, primarily within the United States, offering an incubator model that includes initial capital, dedicated workspace, mentorship, and network access. They typically invest between $50,000 to $250,000 for an equity stake of up to 10%, supporting 8-12 startups annually through a 6-15 month program focused on engineering, logistics, marketing, and go-to-market strategies. They also plan to invest in follow-on rounds. Lemnos defines hardware broadly as anything involving 'moving atoms or electrons,' with specific interests in aerospace, robotics, transportation, agriculture, IoT, manufacturing, energy, industrials, and high-tech/enterprise applications. Their entrepreneurs often have backgrounds in mechanical, electrical, and software engineering. The firm has raised multiple funds, with their third fund closing at $50 million in March 2017. The firm operates as an Exempt Reporting Adviser.

Related lists

• Pre-seed Climate investors
• Seed-stage Climate investors
• Pre-seed investors based in San Francisco, CA