It was again within the Pandemic period of 2021 that we reported on the launch of Moonfire, on the time a $60 million “Fund I” seed-stage “data-driven” VC geared across the new world of distant working and distant pitching.
It’s new $115 million fund-raise (“Fund II”) plans to proceed what it calls its “data-driven” method.
Since its launch by former Atomico co-founder Mattias Ljungman, Moonfire says it has built-out customized AI fashions and a tech stack to search out new potential startups.
It now claims, in a statment, to assessment “up to 50,000 companies every week” (though this declare has not been independently verified by TechCrunch).
That stated, it claims, for example, to have found UK Fintech LiveFlow by way of its AI engine, occurring to guide the Pre-Seed spherical alongside Seedcamp.
The fund says it’s firms in AI, Web3, and AR/VR, in addition to well being, work, finance and gaming.
Ljungman stated the fund is now mixing its remote-investing model with in-person conferences: “The in-person is absolutely happening more. We do that on a monthly basis. We also have our Pulse event and our Seed event as well. So we believe in the integration of remote and also in-person.”
Moonfire says it has led 23 offers and co-invested in an additional 27 alongside VCs comparable to Sequoia, Accel, Index, General Catalyst and Accel.
Portfolio firms embody Humaans (raised a $15m Series A), Lightdash ($7M spherical led by Accel), and GOALS ($20m Series A spherical with Seven Seven Six). In addition to its $90M Fund II, the agency has raised $25M to take a position by way of its Opportunity Fund.
Moonfire Ventures companion Mike Arpaia added: “The power of the AI and VC partnership has always been at the core of Moonfire and, with the launch of Fund II, we see it move to the next level. This new level combines human and machine like never before, hoping to turn an inefficient and inequitable industry on its head.”