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LMNT Ventures is an early-stage venture capital firm founded in 2022 by Jeff Miller in Bend, Oregon. The firm focuses on investing in companies that are transforming the physical world through robotics and physical AI. Jeff Miller brings extensive experience in deep tech and entrepreneurship, having held significant roles at Uber and the peer-to-peer car sharing platform Wheelz. LMNT Ventures aims to support entrepreneurs who are addressing significant global challenges, particularly in decarbonization and the modernization of traditional industries.
As of now, LMNT Ventures operates with a strong emphasis on sectors such as robotics, climate technology, and industrial technology. The firm is committed to investing in 'bits-and-atoms' companies that innovate at the intersection of software and hardware. LMNT Ventures seeks to provide not only capital but also operational insights to help startups navigate early-stage challenges effectively.
Since its inception, LMNT Ventures has positioned itself as a key player in the early-stage investment landscape, focusing on companies that are pioneering advancements in robotics and automation. The firm’s approach is characterized by an operator-heavy support model, leveraging Jeff Miller's background to offer direct insights into mobility, robotics, and commercialization.
LMNT Ventures invests at the intersection of robotics, physical AI, and decarbonization. The firm’s investment thesis centers on supporting bold entrepreneurs who are tackling pressing challenges to create a more intelligent and resilient world. LMNT Ventures is particularly interested in sectors related to robotics and automation, climate and decarbonization, and the future of industry. The firm emphasizes investments in early-stage companies that are innovating in these areas.
Investment stages include pre-seed and seed, with a geographic focus primarily on the United States. LMNT Ventures seeks to back founders who are transforming the physical world, making it more intelligent, automated, efficient, and resilient. The firm looks for startups that demonstrate a clear understanding of how their innovations can address real-world challenges, particularly in the context of climate change and industrial modernization.
Check sizes are not publicly disclosed, but LMNT Ventures is known for its operator-heavy approach, providing significant value-add beyond just capital. The firm’s partners leverage their extensive backgrounds to guide portfolio companies through the complexities of early-stage growth, ensuring that they are well-positioned to scale and succeed.
LMNT Ventures has built a diverse portfolio of companies that exemplify its focus on robotics, AI, and climate technology. The following companies are part of their investment portfolio:
This portfolio reflects LMNT Ventures' commitment to supporting companies that are at the forefront of technological innovation in their respective fields.
Jeff Miller: Founder and Managing Partner. Jeff has a rich background in deep tech and entrepreneurship, having previously worked at Uber as the commercial lead for the self-driving vehicle team. He also founded Wheelz, a peer-to-peer car sharing platform acquired by Turo. His expertise lies in robotics, mobility, and commercialization.
Brandon Moak: Venture Partner. Brandon brings experience in venture capital and technology, contributing to LMNT's investment strategy and portfolio management.
David Rice: Venture Partner. David has a background in technology investments and supports LMNT in identifying promising startups in their focus sectors.
Dane Parker: Venture Partner. Dane's expertise in early-stage investing and operational support enhances LMNT's ability to guide portfolio companies through their growth phases.
Bobby Parikh: Venture Partner. Bobby is involved in sourcing and evaluating investment opportunities, leveraging his network and industry knowledge.
Chris Luth: Venture Partner. Chris contributes to LMNT's investment decisions and provides strategic insights based on his experience in the tech sector.
To pitch LMNT Ventures, founders should visit their website at lmnt.vc and submit their proposals through the provided contact form. The firm prefers detailed decks that clearly outline the startup's vision, technology, and market potential.
Founders should include information on their team, product development stage, and any traction or partnerships that validate their business model. While specific response times are not disclosed, LMNT Ventures emphasizes timely communication and encourages warm introductions when possible.
In 2025, LMNT Ventures made headlines by investing in Nevoya, an electric trucking carrier focused on intelligent automation, which raised USD 9.3 million for expansion. This investment aligns with LMNT's focus on decarbonization and innovative transportation solutions.
Additionally, LMNT Ventures was noted as a lead investor in a pre-seed round for Omen AI in September 2024, which aims to create an intelligent diagnostic layer for industrial vehicles. This investment further emphasizes the firm's commitment to supporting advancements in robotics and AI.
LMNT Ventures continues to seek out promising startups in its focus areas, actively engaging with founders and exploring new opportunities for investment.
What are LMNT Ventures' investment criteria?
LMNT Ventures focuses on early-stage companies in robotics, physical AI, and decarbonization. They seek bold entrepreneurs addressing significant global challenges, particularly in climate technology and industrial modernization.
How can founders pitch to LMNT Ventures?
Founders can pitch LMNT Ventures through their website at lmnt.vc. The firm encourages detailed presentations that highlight real-world deployment and the scalability of their innovations.
What makes LMNT Ventures different from other investors?
LMNT Ventures emphasizes an operator-heavy support model, leveraging Jeff Miller's extensive experience in entrepreneurship and technology to provide direct insights and guidance to portfolio companies.
What is the geographic scope of LMNT Ventures' investments?
LMNT Ventures primarily focuses on investments within the United States, particularly in its home base of Bend, Oregon, but does not have strict geographic restrictions.
What is the typical check size for investments?
While specific check sizes are not publicly disclosed, LMNT Ventures is known for investing at the pre-seed and seed stages, supporting early-stage companies with the capital they need to grow.
What kind of post-investment involvement can founders expect?
Founders can expect significant operational support from LMNT Ventures, including mentorship and guidance from experienced partners who have built and scaled technology companies.
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