Wednesday, March 8, 2017

Lemnos Labs Raises $50M Fund For Hardware Startups

San Francisco-based Lemnos Labs, a early-stage hardware investment firm, said this week that it has raised $50M in its third fund, which it says will support early-stage hardware and growing software. The company said that, with the new fund, it will provide more time, resources, and capital for each new portfolio company instead of increasing the number of companies it is funding. The Partners at Lemnos are Jeremy Conrad, Helen Boniske, and Eric Klein.