Lemnos VC is an early-stage venture capital firm based in San Francisco, California, specializing in hardware and deep tech startups. Founded in 2011 by Jeremy Conrad and Helen Zelman, the firm focuses on the critical early stages of hardware development, providing support when every dollar counts and each decision is crucial. Lemnos VC 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. Over the years, Lemnos VC has invested in notable startups such as Airware, Spire, and Teforia, demonstrating a strong commitment to fostering innovation in the hardware sector. The firm's 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.