Lemnos

Lemnos is an early-stage venture capital firm based in San Francisco, California, focusing on hardware and deep tech startups. The firm specializes in the critical early stages of hardware development, providing support when every dollar counts and each decision is crucial. Lemnos assists founders in understanding their customers, anticipating challenges, and leveraging their assets to build successful hardware companies.

The firm emphasizes a hands-on approach, offering expertise in engineering, manufacturing, marketing, and financial capital to turn innovative ideas into market-leading products. Lemnos has invested in notable startups such as Airware, Spire, and Teforia, demonstrating a strong commitment to fostering innovation in the hardware sector.

Lemnos' investment philosophy centers on the belief that hardware startups can achieve significant returns when they incorporate recurring revenue models, such as subscriptions or consumables, alongside their hardware offerings. This approach aligns with the evolving landscape of hardware development, where integrating software and services enhances the scalability and profitability of hardware products.