Moonfire Ventures LLP

Overview

Moonfire Ventures is a London-based early-stage venture capital firm investing in pre-seed and seed-stage companies across Europe, focusing on AI-driven innovation in sectors like security, work, finance, gaming, and health.²³⁵ It positions itself as a technology-enabled VC using proprietary machine learning and deep technical expertise, distinguishing from traditional funds by blending builders and investors.²³ The firm manages multiple funds, including Fund II actively deploying after a $115M close in 2025, with a portfolio of over 70 companies.²⁶

History

Moonfire Ventures was founded in 2020 by Mattias Ljungman, former co-founder of Atomico.²⁶ The firm incorporated as Moonfire Ventures LLP on 18 October 2019 in the UK.¹ Key milestones include closing initial funds by 2021 and 2023, raising $115M for Fund II in September 2025, and opening Fund III in May 2025.²⁶ It has invested in over 70 portfolio companies and co-led deals like a €2.6M seed in All Gravy in March 2025.²

Notable Products

• Moonfire Ventures Fund II - $115M fund closed in September 2025, actively investing in pre-seed and seed-stage European startups.
• Moonfire Ventures Fund III - Fund opened in May 2025 for early-stage investments in focused sectors.
• Moonfire Ventures Opportunity Fund I - Opportunity fund closed in May 2023.

Reputation

Moonfire is perceived as a technology-forward VC firm by professionals, valued for its builder-investor approach, proprietary ML tools, and focus on the 'Golden Triangle' of access, efficiency, quality, and data.²³ Enthusiasts note its active deployment and portfolio growth to 70+ companies.² No major criticisms appear in available sources, though its small team size limits scale compared to larger VCs.³