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Lunar Ventures

Lunar Ventures

Unclaimed
Berlin, GermanyEst. 2017€90M AUMUpdated Is this your firm? Suggest a correction

At a Glance

Stage
Pre-Seed, Seed
AUM
€90M
Sectors
Deeptech, AI, Robotics
Founded
2017
HQ
Berlin, Germany

About Lunar Ventures

Lunar Ventures is a Berlin-based venture capital firm founded in 2017 that specializes in pre-seed investments in European deep tech startups. The firm focuses on backing technical founders solving essential problems across artificial intelligence infrastructure, privacy-enhancing technologies, cryptography, tech-bio, cloud computing, developer tools, semiconductors, gaming infrastructure, space technology, and robotics.

Launching with a €40 million debut fund, Lunar Ventures established itself as one of Europe's dedicated deep tech pre-seed investors. In 2025, the firm raised its €50 million Fund II, backed by leading institutions including Isomer Capital, Exor's Lingotto, the Intesa San Paolo Endowment, and the Grinnell College Endowment, alongside a cohort of tech founders and GPs from European funds.

Lunar Ventures has made over 47 investments across its funds, with portfolio highlights including Zama (a unicorn specializing in fully homomorphic encryption), NannyML (AI monitoring), Bruin (modern data stack), and Lodestar (space robotics). The firm's investment approach centers on identifying breakthrough technical innovations at the earliest stages, providing capital and support to help deep tech founders navigate the unique challenges of commercializing complex technologies.

Investment Thesis

“Deep tech venture capital firm investing in AI, robotics, and computational biology startups across Europe, leveraging engineering and scientific expertise.”

Leadership Team

Lunar runs a broad general partner group for a fund of its size, weighted toward people who built the technology rather than financed it. The general partners are Morris Clay, a software engineer and founder with more than fifteen years across big tech and machine learning startups; Alberto Cresto, who has led more than forty deep tech investments across the US and Europe; Mick Halsband, a chief technology officer and software architect with two decades building mission-critical systems; Or Shemtov, a three-time founder with a public company exit who covers product, operations and growth; and Elad Verbin, a computer scientist focused on algorithmic startups and machine learning.

Domain partners cover the categories the firm underwrites: Eyal Baroz on robotics, after 25 years in semiconductors, defense and telecommunications, and Peter Crane on tech-bio, a former chemical biologist. Lawrence Lundy-Bryan and Florent-Aurelien Couturier-Crouzillac serve as venture partners, and Cindy Wei covers tech-bio on the investment team.

Sector Focus

Investment Stage

Pre-SeedSeed
Series A
Series B+

Notable Portfolio Companies

ZZama
NNannyML
BBruin
LLodestar
HHop Aero

Fund History

Lunar Ventures raises small, early and European. The firm launched with a debut fund of roughly EUR 40 million dedicated to deep tech pre-seed, an underserved slot in a market where most European seed capital arrives later and larger. In 2025 it closed a EUR 50 million Fund II backed by institutional limited partners including Isomer Capital, Exor's Lingotto, the Intesa Sanpaolo endowment and the Grinnell College endowment, alongside a group of technology founders and general partners from other European funds. That puts committed capital at roughly EUR 90 million across the two vintages.

Lunar has made more than 47 investments to date, writing first cheques into technical teams at day zero. As a German fund it does not file Form D with the SEC, so no US regulatory record corroborates the fund sizes. The current portfolio spans fully homomorphic encryption, sovereign AI infrastructure, agentic process automation, multi-agent data platforms and decentralized science, with Zama, Deepset, Otera, Electric-SQL and Molecule as named positions.

Frequently Asked Questions

What stage does Lunar Ventures invest at?

Lunar Ventures primarily invests at the Pre-Seed, Seed stages. This means they focus on companies that are at the earliest idea or prototype phase.

Where is Lunar Ventures located?

Lunar Ventures is headquartered in Berlin, Germany. Many of their portfolio companies are also based in this region, though they invest across geographies.

What sectors does Lunar Ventures focus on?

Lunar Ventures focuses on investments in Deeptech, AI, Robotics. Their portfolio reflects deep expertise and networks within these sectors.

How much does Lunar Ventures have under management?

Lunar Ventures manages approximately €90M in assets under management (AUM) across their funds.

Fund Operations Resources

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