We invest early in bold founders who are positively transforming our physical world, making it more intelligent, automated, efficient, and decarbonized.

Our investment thesis focuses on three distinct, but interrelated technology mega-waves

ROBOTICS & AUTOMATION

A mature and vibrant robotics ecosystem – the product of billions invested over the last decade – has made robotics solutions lower cost, faster to market, and higher performance than ever before

Demand for robotics solutions is also accelerating due to labor shortages, rising labor costs, and emerging industrial focus on supply chain re-shoring

CLIMATE & DECARBONIZATION

Real business drivers – cost savings, risk mitigation, market opportunity – are leading to accelerated adoption of carbon-reducing technologies

Policies at state, national, and international level are further accelerating the pace of adoption and expanding the size of market opportunities

FUTURE OF INDUSTRY

Trillion-dollar industries are still undergoing modernization and will be transformed (by the startup ecosystem) over the next few decades

It is easier today for industry to take advantage of tech than ever before due to ever-lower cost and proliferation of sensors, low-cost computing, rise of robotic automation,  and ubiquitous high-bandwidth connectivity

Since 2018, LMNT’s GP has backed 20 companies, investing more than $10m behind this thematic focus

General Partner brings 15+ years of relevant domain expertise as founder, operating executive & investor

Jeff Miller

Founder & Managing Partner

Entrepreneur & Operator in Mobility, Robotics & Climate 

  • Founding/Leadership team Uber ATG (Autonomous Vehicles Division), 2014 through IPO

  • Founder/CEO of Wheelz, a peer-to-peer car sharing platform (acquired by Turo in 2013)

  • BD and public policy at Better Place, an electric vehicle infrastructure company

  • Launched carbon footprint calculator and voluntary SMB offsets at TerraPass, 2007

  • Founder/CEO Helping Hands, a Covid tech-nonprofit providing last-mile delivery and logistics for food banks, delivering 2MM meals (transitioned food banks to DoorDash in 2022)

Education

  • Northwestern BA, Economics & Math

  • Stanford MBA

  • Harvard Kennedy School MPA

Investor

  • Angel Investor: invested ~$1.5m personal capital into 45 companies (2018-2022)

  • SPV Investor: Led SPV investments into 5 companies totaling ~$ 8.5m

  • Sr. Partner at Bridgepoint ($30B AUM), publicly listed (BPT) global mid-market PE fund

Advisor to CEOs

  • Board Advisor: Humanetics, ChemDirect, Seegrid

  • Advisor to CEO: Chewie Labs, BlocPower, Kiwibot, PhantomAuto, Carmera, Metropolis

Founder Testimonials

“Jeff is an empathetic, thoughtful, and inquiry-based investor, and one of the best dealmakers I know. When I'm weighing important decisions I find discussions with Jeff to be quite helpful... he has a principled point of view—often born of his own entrepreneurial or operating experience—and is comfortable pushing back on my assumptions when we see things differently. These principled discussions sharpen my own thinking, and help me develop stronger, better, more nuanced points of view.”

Wyatt Smith
Founder/CEO, UpSmith

“Jeff backed my first company, Bonobos, 15 years ago. He’s always provided great advice, but something more: real moral clarity, unconditional support, and always with a loving candid approach. Jeff is the kind of person who you can call on your worst day. He is the kind of person who works tirelessly and advocates fiercely for the entrepreneurs he has backed, and even others he hasn’t backed. I’ve known Jeff 24 years. He has courage, integrity, and a heart of gold.”

Andy Dunn
Founder/CEO, Bonobos