Moonfire Ventures, a London, UK-based venture capital firm exploring early stage investing opportunities in Europe, raised $115M.
In addition to its $90M Fund II, the firm has raised $25M to double down on its winners via its Opportunity Fund.
Since its launch in 2020, by former Atomico co-founder Mattias Ljungman, Moonfire has been building an advanced quantitative VC firm in Europe. Combining a human and tech approach, the firm uses proprietary machine learning models and software across the VC value chain to continue backing Europe’s best early-stage startups.
Having defined this approach with Fund I, Moonfire is taking it to the next level with Fund II. Moonfire now reviews up to 50,000 companies every week – more than 600 times the average of a traditional VC – in search of the very best founding teams in Europe using next-level technologies like AI, Web3, and AR/VR to transform four key sectors – health, work, finance and gaming.
To date, the team, which also includes Partner Mike Arpaia, has led 23 deals and co-invested in a further 17. Notable successes from Fund I include portfolio company Humaans recently raising a $15m Series A round, Lightdash completing a $7M round led by Accel, and GOALS closing a $20m Series A round with Seven Seven Six.
FinSMEs
25/05/2023