Lux Capital Raises More Than $1 Billion Across Two New Funds to Invest in Companies Building a Sci-Fi Future
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.
Technology is evolving at a pace faster than ever before, and Shakir believes that rapid innovation could be a double-edged sword for venture firms investing in moonshot companies. “There are ethical challenges we’ve never seen before, and it’s not something that can be ignored anymore. Investors are responsible for helping foster those ethical standards in their companies during the earliest days.”
See the full story here: https://fortune.com/2019/08/01/lux-capital-new-funds/