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Moonfire Ventures

VC Pitch Deck

The venture capital pitch deck used to raise Moonfire Ventures Fund 1.
The venture capital pitch deck used by AgFunder to raise their Alternative Protein Fund 1.

Year 2021
Raise $60m
Fund 1
Lead Lead / Follow
Ticket €100K to €3M
Geography Europe
Sectors AI, Web3 and AR/VR in four sectors: health, work, finance and gaming
VC Pitch Deck- Moonfire Ventures

This is the Moonfire Ventures pitch deck to raise a $60m seed round in 2021 focused on European startups.

Moonfire Fund II, a $90m pre-seed and seed fund, and Moonfire Opportunities Fund I, a $25m fund to back outperforming portfolio companies were launched in 2023.

The typical size for tickets that Moonfire leads is $1m-2.5m. It also participates in all portfolio companies’ next funding rounds, so the opportunities fund will be backing companies at stages from about Series A.

About Moonfire Ventures

Moonfire was founded to take advantage of the gap in the European market to create a powerful pan-European franchise focused on the first institutional round of capital into startups. Mattias founded Moonfire to help founders at the very start of their journeys to create the right foundations for exponential growth.

Mattias formerly co-founded Atomico alongside Niklas Zennström in 2006. Atomico is regarded as one of the leading venture capital firms in Europe – Fund V closed on $820m and brought AUM to $2.7bn. Southern Right Capital have a long relationship with Mattias and worked alongside him at Atomico.

Ljungman announced his departure from Atomico in 2020 and announced Moonfire’s first $60 million fund on Thursday.

His new firm will focus on smaller, seed-stage startups and primarily write checks to founders between $1 million and $1.5 million, and smaller checks where it decides to invest earlier. Atomico, by contrast, mostly backs later Series A rounds.

Ljungman told Insider that European seed-stage startups are “underfunded” compared to the US. “If you compare Europe to the US, we dont have as many seed funds with a reputation and brand as in the US,” he said, citing early Roblox investor First Round Capital and Lyft investor Floodgate Ventures.

This does seem to be changing, however. Europe’s existing crop of seed funds have scored notable victories, such as UK-based Seedcamp investing early in public software firm UiPath. And according to data from Ljungman’s former firm Atomico, there is real dynamism in European seed funding, with round sizes rising from an average of $700,000 in 2016 to $1.2 million 2020.

Moonfire hasn’t named all of its limited partners, or LPs, who have handed it funding. Ljungman does mention US investment company Cendana is the fund’s main backer. Others include Utah School and Institutional Trust Funds Office and Reference Capital.

It has two founders and team of 9 (as of 2024):

  • Mattias Ljungman: 14 years ago co-founded Atomico, which has over $2bn AUM. Invested in Klarna, Supercell, Climate Corp, and Viagogo.
  • Mike Arpaia: Founded Kolide as CTO with deep expertise in ML/AI and distributed systems having worked at Facebook, Etsy, and Workday. Member of the Kubernetes core team.

Focus

We believe a new generation of companies are providing ubiquitous, trusted access to knowledge, capital, and well-being. There are three elements driving change – Access, Efficiency, and Service Quality – what we call the Golden Triangle. The interaction between these constituents are catalysing innovation. At Moonfire, we invest in this Golden Triangle where companies efficiently leverage networks and platforms that offer a higher service quality and create exponential growth.

  • Capital & Finance: We believe that providing ubiquitous and efficient access to capital creates a new generation of innovation and growth for society.
  • Work & Knowledge: We believe broad affordable access to knowledge is accelerating learning opportunities and progress. This access is also changing the workplace and improving working environments.
  • Gaming, Community & Leisure: We believe that there is a broadening interest and reach in gaming, community, and leisure creating more accessible and immersive forms of personal engagement.
  • Health & Wellbeing: We believe technology is making healthcare more efficient, affordable, and accessible as the sector fights growing costs.

Beliefs

At Moonfire we believe there are several key technical movements that are redefining all sectors of technology – we call these movements “sources of disruption”.

  • Artificial Intelligence & Machine Learning: We believe that Artificial Intelligence & Machine Learning will change that way that humanity works, lives, and interacts with technology.
  • Augmented Reality & Virtual Reality: We believe that XR experiences will unlock innovative interactions and play a major role in how one engages with immersive content.
  • Web3 & Blockchain: We believe the blockchain’s power as a globally distributed transactional database is changing the way that the world computes and unlocking new product capabilities.

Moonfire Ventures Pitch Deck

Supporting reading

Europe is minting tech unicorns. Moonfire Ventures has raised $60 million to back them early.

Slides

Deck collection

You can see all the other venture capital pitch decks in this collection  by smacking the button below:

VC Pitch Decks

 

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