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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