Lux Capital to invest $245M in ‘big, bold, brave’ ideas

lux capital

Lux Capital has closed Lux Ventures III, a $245 million fund with a focus on energy, technology, and health care sectors.

The fund will make seed investments from $100,000 up to commitments of $15 million over a company’s life. Cofounder and managing partner Josh Wolfe said in a statement that the firm is building a “portfolio of extraordinary companies in unconventional areas.” This includes technology surrounding 3D printing, metamaterials, robotics, and sold-sate electronics.

This is Lux Capital’s largest fund to date and was oversubscribed- the initial goal was $200 million. Lux Ventures II was a $100 million fund that closed in 2007. Current portfolio companies include Gridco Systems, Kymeta, Kyruus, and Shapeways. Lux Capital is based in New York and recently opened up an office in Palo Alto. Read the press release.