Lux Capital Closes Lux Ventures VIII at $1.15 Billion

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.

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