Moonfire Ventures

Quick read

Moonfire Ventures is a seed-stage VC founded in 2019 by Mattias Ljungman, headquartered in London, UK. It describes itself as a technology company that does venture capital, building proprietary ML and LLM tooling to source and evaluate deals at scale. The firm closed a $115M Fund II and focuses on European founders across health, future of work, finance, and gaming.

Key facts

Founded

2019

Founders

Mattias Ljungman, Mike Arpaia

Employees

12

Sectors

ai, fintech, healthcare, generalist

Website

www.moonfire.com

Investment thesis

Moonfire backs pre-seed and seed-stage European founders across health and wellbeing, future of work, capital and finance (including Web3), and gaming — using proprietary ML and LLM tooling to source and evaluate companies at scale, positioning itself as a technology firm that practices venture capital rather than a traditional fund.

Recent activity

• Apr 2026investment
  Moonfire invested in Openlaw Group via a Seed round — its most recent recorded investment per CB Insights as of April 16, 2026. cbinsights.com
• Mar 2026investment
  Moonfire participated in QFEX's $9.5M Seed round, which was led by General Catalyst and also included Y Combinator, Paul Graham, and 468 Capital. cbinsights.com
• Mar 2026investment
  Eunice closed $8M in Pre-Seed and Seed funding with Moonfire participating alongside Openspace Capital and Speedinvest. tracxn.com
• Feb 2026leadership
  Andrea Gurnari joined Moonfire as Investment Partner. He previously worked on Aladdin at BlackRock and held product development roles at Goldman Sachs and Bloomberg. His early-stage investments include Swap, Autone, and JetHR. moonfire.com
• Jan 2026leadership
  Tom Bradley joined Moonfire as Staff Software Engineer, as announced on the firm's website. moonfire.com
• Jan 2026investment
  Faculty, a Moonfire portfolio company, exited — recorded as Moonfire's most recent portfolio exit. cbinsights.com
• Nov 2025investment
  Flexion Robotics secured €43M to develop AI systems for humanoid robots. Moonfire participated alongside NVentures and Prosus. tracxn.com
• Oct 2025investment
  MokN, a French cybersecurity startup, raised €2.6M with Moonfire participating alongside OVNI Capital and Kima Ventures. The company later closed a $15M Series A led by GV (Google Ventures). tracxn.com
• Feb 2026fundraise
  Moonfire raised $115M across two new venture funds to back early-stage startups in Europe, positioning itself as an AI-first firm that builds its own ML-powered sourcing and evaluation technology. moonfire.com
• Feb 2026leadership
  Mattias Ljungman published a post welcoming Andrea Gurnari to the Moonfire team. moonfire.com
• Jan 2026leadership
  Tom Bradley joined Moonfire as Staff Software Engineer, announced by Mike Arpaia on the firm's stories page. moonfire.com
• May 2026investment
  Moonfire's most recent tracked investment was in White Circle, a network management software company, on 12 May 2026. pitchbook.com

Notable investments

• Openlaw GroupSeedApr 2026cbinsights.com
• QFEXSeedMar 2026cbinsights.com
• EuniceSeedMar 2026tracxn.com
• Flexion RoboticsSeries B (€43M)Nov 2025tracxn.com
• MokNSeed (€2.6M)Oct 2025tracxn.com
• FiligranSeries B ($35M)Oct 2024moonfire.com
• LightdashSeries A ($11M)Oct 2024moonfire.com
• LiveflowSeries A ($13.5M)Oct 2024moonfire.com
• White CircleundisclosedMay 2026pitchbook.com
• MokNSeries Aundisclosed 2026linkedin.com
• BloomPre-SeedSep 2025tracxn.com
• Fleet Device ManagementSeries BJun 2025tracxn.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Mattias Ljungman · Founder & Managing Partner
• Mike Arpaia · Partner
• Akshat Goenka · Partner
  LinkedIn
• Nicholas Lowden · Head of Finance
  LinkedIn

Sources

• We've raised $115m to back and scale the best early-stage startups in Europe | Moonfire
• Moonfire
• Moonfire - 2026 Investor Profile, Portfolio, Team & Investment Trends - Tracxn
• Moonfire Ventures - EverybodyWiki
• Moonfire investment portfolio | PitchBook
• Moonfire Ventures | Investor Profile, Funding Criteria & Team
• Moonfire Ventures | Nordic 9
• https://www.moonfire.com/stories/
• https://startupintros.com/orgs/moonfire-ventures
• https://www.cbinsights.com/investor/moonfire
• https://www.moonfire.com/stories/welcoming-andrea-gurnari-our-new-investment-partner/

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