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UK’s Moonfire VC raises its second fund at $115M to aim at early stage startups


It was back in the Pandemic era of 2021 that we reported on the launch of Moonfire, at the time a $60 million “Fund I” seed-stage “data-driven” VC geared around the new world of remote working and remote pitching.
It’s new $115 million fund-raise (“Fund II”) plans to continue what it calls its “data-driven” approach.
Since its launch by former Atomico co-founder Mattias Ljungman, Moonfire says it has built-out custom AI models and a tech stack to hunt down new prospective startups.
It now claims, in a statment, to review “up to 50,000 companies every week” (although this claim has not been independently verified by TechCrunch).
That said, it claims, for instance, to have discovered UK Fintech LiveFlow via its AI engine, going on to lead the Pre-Seed round alongside Seedcamp.
The fund says it is looking at companies in AI, Web3, and AR/V …

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