Lux Capital, known for investing in life science and frontier tech startups, is back in the market to fundraise for its latest vehicle — but this time without a dedicated late-stage entity.
The firm is targeting over $1 billion for Lux Ventures VIII, according to meeting materials from the New Mexico State Investment Council (NM SIC) for March 28, which committed $62.5 million to the fund. The fund will combine the firm’s early and late-stage investing strategies into one pool.
The firm was founded in 2000 and has raised $4 billion across nine previous funds. Lux declined to comment on its fundraising efforts.
The fund will still invest in later-stage opportunities, but the firm’s founder and managing partner, Josh Wolfe, told the NM SIC that the fund will primarily invest at the early stage and …
