After raising $1.15B in just 10 weeks, Lux's Josh Wolfe shares his spending plans for his new VC fund
Lux Capital’s co-founder Josh Wolfe said it took only 10 weeks to raise his newest, biggest fund, and he already has big plans for how to spend the $1.15 billion.
The fundraise was Lux’s fastest ever, Wolfe said. And with the addition of the Lux 8 fund announced Thursday, the firm now manages $5 billion. In an interview with Endpoints News, Wolfe said the fund’s targets will include everything from early- to late-stage biotech investing at a moment when many startups are struggling to raise cash and VC dealmaking has sunk to multi-year lows.
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