Press Mention

Lux Capital Closes Lux Ventures VIII at $1.15 Billion

April 20, 2023

Palo Alto – April 20, 2023 – Cooley advised Lux Capital on the closing of Lux Ventures VIII (Lux 8) at $1.15 billion, its single largest fund to date. Partner Shane Goudey led the Cooley team advising Lux, a premier venture capital firm based in New York City and Menlo Park, California, investing in companies on the edge of scientific and technological breakthroughs.

Lux’s total assets under management now exceed $5 billion following the close of Lux 8. Cooley previously advised Lux on its raising of more than $1.5 billion across two funds in 2021 and more than $1 billion across two funds in 2019. Lux 8’s investments will focus on biotechnology, manufacturing, aerospace and artificial intelligence startups. In its press release announcing the closing, Lux said, “With Lux 8, we will invest in and fully fund the most ambitious founders building hard science and deep technology companies, solving the world’s most pressing problems and futureforming the world we want to live in.”

Founded in 2000, Lux Capital invests in companies across the frontier of technology and emerging science – including 3D printing, machine learning and artificial intelligence, flying and surgical robots, biotechnology, synthetic biology, genomics, satellites, space, drones, computational imaging and recognition, new materials, holograms, fixers for the future, internet of things, connected hardware, and the smart home and virtual reality sectors.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has nearly 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.