About Larnabel Ventures
Larnabel Ventures is a venture capital firm founded in 2016. It is primarily based out of Nicosia, Cyprus. As of Jan 2019, Larnabel Ventures has invested in 6 companies. It primarily invests in Seed round in Belarus based startups. Its investments are spread across a wide range of sectors from High Tech to Food and Agriculture Tech and Retail. Most recently it participated in the $***** Series A round of Currency.com Overall, Larnabel Ventures portfolio has seen 1 acquisition, namely Currency.com. A lot of funds co-invest with Larnabel Ventures, with names like VP Capital sharing a substantial percentage of its portfolio. Larnabel Ventures has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
Larnabel Ventures' List of Top Investments
Larnabel Ventures has a portfolio of 6 companies. Their most notable investments are in Currency.com and Read2Play.Their portfolio spans across China, Cyprus, Germany and 2 more locations. They have invested in High Tech, Food and Agriculture Tech, Retail and 6 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Larnabel Ventures:Provider of space infrastructure for developing, deploying, and operating customer missions. The company delivers solutions to enable customer objectives in space. It offers a modular platform of satellite technology infrastructure. The company removes barriers in space missions, such as long schedules and high costs.
Key facts about Astro Digital
- Founded Year: 2015
- Location: Littleton (United States)
- Stage: Series A
- Total Funding till date: $37.2M
- Employee Count: 93 as on Aug 31, 2026
- Investors: GVA Capital, Noosphere Ventures and 5 Others
- Latest Funding Round: Series A, Mar 02, 2017, $*****
- Highlight: Editors' Pick
2. Banuba
Developer of augmented reality software development kits and virtual try-on platform. The company provides tools for adding augmented reality features to software and websites. It offers face tracking, hand tracking, video editing, and virtual background capabilities. The company’s virtual try-on platform allows for realistic try-on experiences.
Key facts about Banuba
- Founded Year: 2016
- Location: Hong Kong (China)
- Stage: Series A
- Total Funding till date: $12M
- Employee Count: 81 as on Aug 31, 2026
- Investors: Larnabel Ventures and VP Capital
- Latest Funding Round: Series A, Nov 26, 2018, $*****
- Highlight: Editors' Pick
3. Currency.com
App-based platform for crypto exchange. It allows users to use crypto to trade no-coiner markets like Apple, DAX 30, and oil. It offers the trade of tokenized commodities, tokenized indices, tokenized shares, and cryptocurrencies. It also offers multiple trading strategies. The app is available for Android and iOS users.
Key facts about Currency.com
- Founded Year: 2018
- Location: Gibraltar (Gibraltar)
- Stage: Acquired
- Total Funding till date: $8M
- Employee Count: 54 as on Aug 31, 2026
- Investors: Larnabel Ventures and VP Capital
- Latest Funding Round: Series A, Jan 15, 2019, $*****
- Highlight: Acquired
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4. Face Metrics
Provider of parental control application for tablets. It enables parents to limit the time spent by kids on playing games and exchange that time for reading or study time. It also analyzes a child's mood, rewards him or her for diligence, and allows parents to track and measure the distance between their child's face and their device using the camera.
Key facts about Face Metrics
- Founded Year: 2017
- Location: Minsk (Belarus)
- Stage: Seed
- Total Funding till date: $2M
- Employee Count: 10 as on Jul 01, 2024
- Investors: Larnabel Ventures and VP Capital
- Latest Funding Round: Seed, Jun 13, 2018, $*****
- Highlight: Editors' Pick
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5. Read2Play
Read2Play is a parental control app that limits screen time for kids by providing games as incentives after every reading session. Claims that this motivates them to read daily by their natural desire to play. Covers language, arts and mathematics reading. Has a camera that can detect reading.
Key facts about Read2Play
- Founded Year: 2018
- Location: Nicosia (Cyprus)
- Stage: Seed
- Total Funding till date: $2M
- Investors: Larnabel Ventures and VP Capital
- Latest Funding Round: Seed, Jun 14, 2018, $*****
- Highlight: Editors' Pick
Larnabel Ventures' Year-on-Year Investment Trends
Its most recent first time investment was in Currency.com.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 3 | 0 | 3 |
2017 | 2 | 0 | 2 |
Larnabel Ventures' Investments by Stage
Larnabel Ventures has made 3 investments in Seed stage with an average round size of $2M and 3 investments in Series A stage with an average round size of $8.86M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 3 |
Note: We have considered here, only first round of investments
Larnabel Ventures' Investments by Sector
Larnabel Ventures has a diverse portfolio, with companies operating in the High Tech, Aerospace, Maritime and Defense Tech, Enterprise Applications, AR VR - Industry Applications and Blockchain - Industry Applications. Notably, it has invested in 6 Tech companies, 3 Consumer (B2C) companies, 3 Enterprise (B2B) companies and at least 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 3 |
Aerospace, Maritime and Defense Tech | 2 |
Enterprise Applications | 2 |
AR VR - Industry Applications | 1 |
Blockchain - Industry Applications | 1 |
Others | 8 |
Note: We have considered here, only first round of investments
Larnabel Ventures' Investments by Geography
Larnabel Ventures has made most investments in Belarus (1), followed by China where it has made 1 investment.Country | No. of Investments |
|---|---|
Belarus | 1 |
China | 1 |
Cyprus | 1 |
Germany | 1 |
Gibraltar | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Larnabel Ventures' recent investments
Larnabel Ventures has not made any investment in 2026 so far.Here are the most recent investments by Larnabel Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 15, 2019 | Gibraltar | Series A | 3921 | ||
Nov 26, 2018 | China | Series A | 5952 | ||
Jun 14, 2018 | Cyprus | Seed | 3317 | ||
Jun 13, 2018 | Belarus | Seed | 1860 | ||
Jun 05, 2017 | Germany | Seed | 1968 |
Acquired companies in Larnabel Ventures' Portfolio
1 company from Larnabel Ventures' portfolio has been acquired. The most recent acquisition was Currency.com in Aug 2021 by VP Capital for $*****.Here are Larnabel Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 18, 2021 | Jan 15, 2019 | Series A | 5694 |
Team profile of Larnabel Ventures
Larnabel Ventures has a team of 1 member located in United Kingdom. Larnabel Ventures' team does not sit on the board of any company as of now.Co-investors of Larnabel Ventures
Over the past 9 years, 7 investors have co-invested in Larnabel Ventures's portfolio companies. This includes only funds.
- Invested before Larnabel Ventures: Noosphere Ventures and VP Capital have invested in rounds before Larnabel Ventures. There is 1 company where Noosphere Ventures has invested before Larnabel Ventures and 1 company where VP Capital has invested before Larnabel Ventures.
- Top Co-investors of Larnabel Ventures: 2 investors entered a company along with Larnabel Ventures. These include investors like VP Capital (3 companies).
- Invested after Larnabel Ventures: A total of 3 investors have invested in Larnabel Ventures's portfolio after their investments. Top Investors include Vast Ventures (1 company), Family Fund (1 company) and GVA Capital (1 company).
Recent News related to Larnabel Ventures
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Larnabel Ventures rolls out 2022 Investment Strategy, Targets Consumer Innovative TechnologiesCNW•Feb 02, 2022•Larnabel Ventures
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Belarus Selling “Tokenized Stocks” for Crypto- Buyer BewareCrowdfund Insider•Jan 16, 2019•VP Capital, Larnabel Ventures
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Banuba raises $7M to supercharge any app or device with the ability to really see youTechCrunch+•Nov 26, 2018•Banuba, VP Capital, Larnabel Ventures
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FaceMetrics lands $2 million to gamify kids’ screen time and track immersion with AIVentureBeat•Jun 13, 2018•Face Metrics, Larnabel Ventures, VP Capital, Facemetric
