This VC Firm Just Raised More Than $1 Billion To Invest in Moonshots: Term Sheet

by Cymatic | Aug 1, 2019 | News

We’ve got a Term Sheet exclusive this morning.

Lux Capital, a New York-based venture capital firm, has raised more than $1 billion across two new funds to back companies on “the cutting edge of science.” The firm raised $500 million for its sixth flagship early-stage fund and another $550 million for an opportunity fund focused on growth-stage investments. Limited partners include global foundations, university endowments, and tech billionaires.

Lux also announced a new hire: Deena Shakir, formerly of GV (Google Ventures), has joined as an investment partner.