VC Lux Capital Raises $1.15 Billion For Science, Deep-Tech Fund
- The fundraising will finance Lux Capital’s largest fund yet
- Investments will focus on biotech, AI and aerospace startups
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Venture capital firm Lux Capital has raised $1.15 billion to invest in startups focused on science and so-called deep technologies such as artificial intelligence, robotics and biotechnology.
Lux, which has offices in New York city and Menlo Park, California, said the raise will finance its largest fund to date, Lux Ventures VIII, or Lux 8. Investments will focus on early-stage companies at the intersection of biology and technology, manufacturing, aerospace and AI. The firm’s total assets under management now exceed $5 billion.