RECENT FUNDING
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Light Ray Ventures portfolio

Light Ray Ventures has 2 portfolio companies on record at Recent Funding, with 2 investments in the last 12 months.

Type: Investor.
Portfolio on Recent Funding: 2.
Deals, last 12 months: 2.
Capital in their rounds: $70M.
Latest deal: Formic Technologies · Oct 22, 2026.
About this page

Its most recent investment on record is Formic Technologies's $50M Series B+ round in October 2026, alongside Mercato Partners, Citi and Lightscape Partners. By category, its portfolio leans toward Robotics and hardware (1) and Manufacturing and industrial (1). It has co-invested with Citi, Lightscape Partners and Mercato Partners.

What Light Ray Ventures invests in

How Light Ray Ventures invests

StageDealsCapital in rounds
Series B+ 1 50%$50M
Series A 1 50%$20M

Light Ray Ventures portfolio companies

CompanyRound with Light Ray VenturesTotal raisedLatest raise
FFormic Technologies
Robotics and hardware
 Series B+ · $50M$82MOct 22, 2026
Series B+
XXFuel
Climate and energy
 Series A · $20M$28.25MJan 28, 2026
Series A

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Robotics and hardware).

How this is counted

Share is of the 2 rounds on Recent Funding that name Light Ray Ventures. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Light Ray Ventures, which is a subset of its real portfolio. API: /api/v1/investors/light-ray-ventures (get a free API key). More: the most active VC firms and new venture capital funds.