Startups Lux Capital closed its opportunity fund in the latest...

Lux Capital closed its opportunity fund in the latest fundraising


- Advertisment -

Lux Capital, known for its investments in life science and frontier tech startups, is back in the market to raise money for its latest vehicle — but this time without a dedicated late-stage entity.

The company is targeting more than $1 billion for Lux Ventures VIII, according to encounter materials of the New Mexico State Investment Council (NM SIC) for March 28, which committed $62.5 million to the fund. The fund will combine the company’s early and late investment strategies into one pool.

The company was founded in 2000 and has raised $4 billion in nine previous funds. Lux declined to comment on its fundraising efforts.

The fund will still invest in later stage opportunities, but the company’s founder and managing partner, Josh Wolfe, told the NM SIC that the fund will invest primarily in the early stage and continue the company’s thesis to investing at the intersection of science and technology.

The company last raised a pair of funds in June 2021 totaling nearly $1.5 billion. This included $675 million for early-stage Lux Ventures VII and $800 million for Lux Total Opportunities Fund, a late-stage fund.

Lux is the latest company with early-stage roots to do away with a dedicated late-stage fund as late-stage and exit environments have remained subdued over the past year. Last month, Y Combinator said it would close its continuity fund, pull out of late-stage investments and let 20% of its team go in one move.

Multiple companies, including Founders Fund and Vibe Capital, have reduced the size of their funds or returned some of their capital to investors due to the weakening market.

As 2023 progresses, we expect more funds to retreat into their traditional investment phase.

Shreya Christina
Shreya has been with for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Latest news

Rumored Buzz on Slot Machine Strategy – Best Methods For Winning At Slots

Rumored Buzz on Slot Machine Strategy - Best Methods For Winning At Slots Table of ContentsFacts About How To Win...

Panduan Utama untuk Undang -Undang Perjudian Online Indonesia – adalah situs kasino online legal?

Panduan Utama untuk Undang -Undang Perjudian Online Indonesia - adalah situs kasino online legal? Daftar isiPerlu upaya bersama untuk menutup...

SQL Server Change Data Capture (CDC): Revolutionizing Data Tracking and Analysis

In today's data-centric world, the ability to efficiently and accurately track changes in databases is crucial for organizations of...

App vasitesile inanılmaz Pin-Up poker oyunu

ContentAzərbaycanda mövcud olan Depozit və Çıxarma MetodlarıPin Up Casino Oyunçuları üçün bonuslarİlk depozit bonusunu necə əldə etmək olarSlot maşınlarının...
- Advertisement -

Pin up indir android ⭐️ Pinup indir mobil cazino uygulamasıdır

ContentPin Up-ı iOS-lara nece yükləyib quraşdırmaq olar?Pin Up Casino Azerbaycan YuklePin Up indir android mobil Apk uygulamasıPınup İlk Üyelik...

Pin-up kazino bonusları ᐉ İlk depozit üçün promo kodu PINUPBEST

ContentRəsmi sayt Pin UpAviator Pin UP oynaya biləcəyiniz yerlər - vebsayt və proqramPin Up kazinosunda oyun kateqoriyalarıDepozit mükafatları yoxdurAndroid...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you