Lux Capital Raises More Than $1 Billion
Palo Alto – August 8, 2019 – Cooley advised Lux Capital on raising more than $1 billion across two funds, with $500 million raised for its sixth early-stage fund and $550 million raised for its second opportunity fund focused on growth-stage investments primarily in existing Lux portfolio companies. Lux now actively manages more than $2.4 billion in combined capital. Partner Shane Goudey led the Cooley team advising Lux.
Lux, a venture capital firm with offices in New York and Menlo Park, invests in seed- and early-stage ventures across multiple sectors with a focus on companies involved in scientific and technological breakthroughs, including 3D printing, machine learning, artificial intelligence, flying robots, surgical robots, synthetic biology, genomics, satellites, space, drones, computational imaging and recognition, new materials, holograms, “fixers” for the future, the internet of things, connected hardware, the smart home and virtual reality.
With these new funds, Lux said in a recent blog post that it plans to further shrink the gap between science fiction and fact and to propel ambitious founders creating the future by turning radical ideas into reality.
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