- Venture capital firm Lux Capital has closed $1.05 billion in capital of which $500 million is for early-stage and $550 million is for an opportunity fund
Lux Capital — a venture capital firm with offices in New York and Menlo Park — has closed on $1.05 billion in capital, according to Fortune. Some of Lux’s portfolio companies include Auris, Ctrl-Labs, Airmap, Desktop Metal, Matterport, Happiest Baby, and Zoox. Many of these companies are driving moonshot ideas “at the outermost edges of what is possible.”
TechCrunch pointed out that when Lux Capital raised $400 million in 2017 for an early-stage fund, it brought the venture firm’s total assets under management to $1.1 billion in its 17-year history at that time. And now this $1.05 billion raise nearly doubles that amount just two years after that milestone. Of the $1.05 billion, $500 million is allocated towards an early-stage fund and $550 million is set for an opportunity fund.
One of Lux Capital’s most successful exits was Auris Health. Lux had participated in Auris’ $34.4 million Series A round in 2014 and joined in following rounds. Then Auris got acquired by Johnson & Johnson for $3.4 billion earlier this year.
Another major win for Lux Capital is the hiring of Deena Shakir as parter. Prior to joining Lux, Shakir worked at GV (formerly Google Ventures) as a partner.
Lux Capital’s executives include Peter Hebert (co-founder and managing partner), Josh Wolfe (co-founder and managing partner), Robert Paull (co-founder and venture partner), Tuvia Barak (venture partner), Richard Foster, PhD (venture partner), Jeffrey B. Kindler (venture partner), R. James Woolsey (venture partner), Adam Kalish (general partner), Steven Brody (COO), Segolene Scarborough (CFO), Zavain Dar (partner), Shahin Farshchi, PhD (partner), Adam Goulburn, PhD (partner), Zack Schildhorn (partner), Bilal Zuberi, PhD, (partner), Brandon Reeves (principal), and Samuel Arbesman, PhD (scientist in residence).
Axios reported earlier this year that Renata Quintini stepped down as a partner at Lux to launch a venture firm with Roseanne Wincek of IVP.
