AIBiotech & Life SciencesClimate & EnergyDefense & SpaceHealthcareRobotics & AutomationTravel & Hospitality
Nebular is a curiosity-first early-stage venture capital fund founded by Finn Murphy in 2023, based in New York City. The firm invests at the pre-seed and seed stages across the US and Europe, backing uncommon founders building in deep tech, AI, defense, healthcare, and other underappreciated areas.
Deal activity increased 200% year-over-year (6 deals in the last 12 months). Their most common stage is seed (47% of deals). Average disclosed round size is $30.9M (across 17 rounds with reported amounts).
Portfolio
16
Fund Size
$32.3M
Top Stage
Seed
Last 12 Mo
6
Team
RO
Robbie Osborne
Operating Partner
FM
Finn Murphy
GP
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
19 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Onos Health | Series A | $17M | Aug 2026 |
 Seamflow | Seed | $4.5M | Feb 2026 |
 Project Eleven | Series A | $20M | Jan 2026 |
 Paper | Series A | $34M | Jan 2026 |
 Stardust Solutions | Seed | $60M | Oct 2025 |
 Praxipal | Seed | — | Oct 2025 |
 Teton.ai | Series A | $20M | Sep 2025 |
 Amperos Health | Seed | $4.2M | Jun 2025 |
 Trace.Space | Seed | $4M | Feb 2025 |
| Teton.ai | Series A | $20M | Jan 2025 |
 Delian | Series A | $14M | Jan 2025 |
| Project Eleven | Seed | $6M | Jan 2025 |
 Crewline AI | Seed | $7.1M | — |
 Oratomic | Series A | $300M | — |
| CCo:Helm | Seed | $3.2M | — |
| OOtel AI | Unknown | — | — |
 Arya Health | Seed | $4M | — |
| LLumen Orbit | Pre-Seed | $2.4M | — |
| Seamflow | Pre-Seed | $4.5M | — |
Top Co-Investors
Transpose Platform3 shared
Initialized Capital3 shared
Castle Island Ventures2 shared
Variant2 shared
Nassau Street Ventures2 shared
Coinbase Ventures2 shared
Quantonation2 shared
Transpose2 shared
Entrepreneurs First2 shared
Northzone2 shared
Acurio Ventures2 shared
Plural Platform2 shared
Antler2 shared
Angel Invest2 shared
Anamcara2 shared
Lowercarbon Capital2 shared
GG12 shared
Lattice1 shared
Balaji Srinivasan1 shared
Nascent1 shared
Last updated: 7 October 2026