Lux Capital Raises $1.5 Billion for Largest Fund Focused on Frontier Science and Defense Technology
Lux Capital has raised $1.5 billion for its ninth fund, the largest in its history, aimed at investing in breakthrough science and national security technologies. The fund's oversubscription highlights significant investor interest, despite a broader decline in venture capital fundraising. With a history of successful investments, Lux plans to continue supporting promising startups with investments ranging from $100,000 to $100 million.
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Lux Capital has raised $1.5 billion for its ninth fund, marking the largest fund in its history. The firm plans to invest in companies focused on breakthrough science and national security amid heightened collaboration between Silicon Valley and Washington.
Lux's history includes early investments in defense companies like Anduril Industries, valued at $30.5 billion, and Applied Intuition, valued at $15 billion. The fund, which was oversubscribed, reflects strong investor interest despite a general decline in VC fundraising.
Lux has also made significant exits, including Recursion Pharmaceuticals and Auris Health, contributing to a total of $7 billion in assets under management. The firm aims to continue investing in promising startups, with check sizes ranging from $100,000 to $100 million.
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