Lemnos Labs

About The Fund

Lemnos Labs is a full-service hardware incubator based in Silicon Valley, dedicated to manufacturing and business solutions, energy, IoT and wearables, artificial intelligence and big data, logistics and distribution, robotics, and mobility sectors. Founded in 2011, Lemnos Labs specializes in pre-seed and seed-stage investments, with a comprehensive approach tailored to the needs of hardware startups. The firm focuses on a variety of industries, including aerospace, automotive, consumer electronics and goods, defense, embedded hardware and software, manufacturing, medical devices, robotics, sensors, and transportation. Lemnos prides itself on being the first significant capital infusion for startups, often taking a stake for an initial investment averaging around $100K for 10% equity and staging further investments up to $200K. Their preferred investment range is between $500,000 to $1,300,000, with a sweet spot of $750,000. Lemnos Labs facilitates the early and crucial stages of hardware company development by providing not only funds but also intensive support on engineering, manufacturing, marketing, and financial capital. With $50 million in assets under management, they leverage their expertise, experience, and a global network to overcome the distinct challenges faced by their portfolio companies, preferring hands-on engagement over a well-decorated web presence. They aim to transform innovative hardware ideas into successful enterprises and have a track record of doing so with numerous active portfolio firms to their credit.