Lux Closes $1.5 Billion Fund Lux Ventures IX, Its Largest to Date
Lux Ventures has closed its largest fund to date, Lux Ventures IX, totaling $1.5 billion. The venture capital firm, which specializes in investments at the intersection of science and technology, aims to support founders in sectors such as aerospace, biotech, and defense, emphasizing a long-term approach to company building. With a team of 44 managing $7 billion in assets, Lux focuses on backing overlooked founders and fostering scalable advancements in deep tech.
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Lux, a venture capital firm established in 2000, has closed Lux Ventures IX, a $1.5 billion fund, its largest to date. The firm focuses on investments at the intersection of science and technology, stating that significant advancements in deep tech have matured into scalable engineering.
Lux identifies increased industrial capacity, tooling, and talent as essential for developing companies in sectors such as aerospace, biotech, defense, industrials, and transportation. The firm emphasizes a long-duration approach to company building, supporting founders from initial formation through to later-stage scaling. Lux's 44-person team currently manages $7 billion in assets and aims to back overlooked founders, prioritizing conviction in investments.
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