Venture capital firm
Lux Capital portfolio
luxcapital.comLux Capital is a venture capital firm based in New York, United States, founded in 2000. It has invested in 194 venture-backed companies across 325 funding rounds on VCMC, and led 88 of those rounds. 45 of them were in the last 12 months.
194
Venture-backed companies
in its portfolio on VCMC
325
Funding rounds
led 88
45
Last 12 months
rounds, Oct 2025 to Sep 2026
54
With a disclosed valuation
of 194 companies
$384.6B
Combined value of its private companies
the whole companies, not what Lux Capital owns
187 private companies Lux Capital has backed have a VCMC valuation; together they are worth $384.6B. That is the value of the whole companies, not what Lux Capital owns. Anduril is 18% of the total. 7 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Lux Capital's most valuable portfolio companies
The 10 most valuable private companies Lux Capital has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Anduril Aerospace and Defence, Costa Mesa $68.6B range $53.0B – $91.2B Joined at Seed, 2019
- 2 Ramp Tech Companies, New York $60.1B range $52.2B – $75.9B Joined at Series C, 2021
- 3 Cognition Tech Companies, San Francisco $28.1B range $22.6B – $36.2B Led at Growth, 2026
- 4 Applied Intuition Tech Companies, Sunnyvale $20.9B range $13.7B – $24.0B Led at Series B, 2019
- 5 Relativity Space Aerospace and Defence, Long Beach $19.0B range $10.6B – $26.9B Joined at Seed, 2016
- 6 Helion Renewable energy companies, Everett $17.2B range $13.5B – $23.4B Joined at Series G, 2026
- 7 Xaira Therapeutics Biotechnology, South San Francisco $15.2B range $4.9B – $23.1B Joined at Growth, 2024
- 8 Unconventional AI Research Institutes $10.1B range $3.9B – $13.0B Joined at Seed, 2025
- 9 Together AI Tech Companies, San Francisco $9.1B range $7.2B – $12.8B Led at Seed, 2023
- 10 Hadrian Aerospace and Defence, Torrance $8.3B range $6.8B – $11.8B Led at Series A, 2022
Portfolio
Full Lux Capital portfolio (194 companies)
194 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Anduril Aerospace and Defence · since Seed, 2019 | Series H May 2026 $5.00B | $68.6B | $53.0B – $91.2B | $79.3B (+16%) | $8.7B | 0% | 9,860 | growing | A | |
| 2 | Ramp Tech Companies · since Series C, 2021 | Growth Equity Oct 2026 $1.85B | $60.1B | $52.2B – $75.9B | $66.0B (+10%) | $5.9B | 0% | 6,282 | growing | A | |
| 3 | Relativity Space Aerospace and Defence · since Seed, 2016 | Series F Nov 2023 $1.05B | $19.0B | $10.6B – $26.9B | $15.4B (-19%) | $2.1B | 0% | 1,991 | growing | B | |
| 4 | Hadrian Aerospace and Defence · led at Series A, 2022 | Series D Aug 2026 $1.37B | $8.3B | $6.8B – $11.8B | $10.2B (+23%) | $1.1B | 0% | 269 | flat | A | |
| 5 | Helion Renewable energy companies · since Series G, 2026 | Series G Jun 2026 $465M | $17.2B | $13.5B – $23.4B | $20.4B (+18%) | $2.2B | 0% | 589 | growing | A | |
| 6 | Together AI Tech Companies · led at Seed, 2023 | Series C Jul 2026 $800M | $9.1B | $7.2B – $12.8B | $11.1B (+22%) | $1.2B | 0% | 432 | growing | A | |
| 7 | Applied Intuition Tech Companies · led at Series B, 2019 | Series F Jun 2025 $600M | $20.9B | $13.7B – $24.0B | $20.9B (0%) | $2.3B | 0% | 1,625 | growing | A | |
| 8 | Cognition Tech Companies · led at Growth, 2026 | Growth Equity May 2026 $1.00B | $28.1B | $22.6B – $36.2B | $31.5B (+12%) | $2.8B | 0% | 592 | growing | A | |
| 9 | Impulse Space Aerospace and Defence · since Series A, 2023 | Series D Jun 2026 $500M | $4.9B | $3.7B – $6.9B | $6.0B (+23%) | $664M | 0% | 554 | growing | B | |
| 10 | Xaira Therapeutics Biotechnology · since Growth, 2024 | Growth Equity Apr 2024 $1.00B | $15.2B | $4.9B – $23.1B | $9.1B (-40%) | $1.4B | 0% | 212 | up | C | |
| 11 | Performance Drone Works Aerospace and Defence · since Series B, 2026 | Debt Jul 2026 $820M | $1.0B | $529M – $1.8B | $1.2B (+20%) | $133M | 0% | 394 | growing | C | |
| 12 | Stord Warehousing & Storage · since Series D, 2021 | Debt Oct 2026 $400M | $3.6B | $2.6B – $5.4B | $4.7B (+31%) | $521M | 0% | 2,124 | growing | B | |
| 13 | Runway Tech Companies · since Seed, 2018 | Series E Feb 2026 $315M | $5.8B | $4.6B – $6.9B | $5.5B (-5%) | $758M | 51% | 73 | flat | A | |
| 14 | Apex Aerospace and Defence · since Seed, 2022 | Growth Equity Jun 2026 $200M | $2.4B | $2.0B – $3.1B | $2.7B (+10%) | $243M | 0% | 455 | growing | A | |
| 15 | Enveda Biotechnology · led at Series A, 2021 | Series E Sep 2026 $311M | $2.0B | $1.7B – $3.0B | $2.6B (+27%) | $286M | 0% | 381 | up | A | |
| 16 | Anchorage Digital Cryptocurrency · since Series C, 2021 | Growth Equity Feb 2026 $100M | $1.2B | $764M – $1.9B | $1.3B (+4%) | $115M | 0% | 748 | growing | B | |
| 17 | Carbon Health Health Care Services · since Growth, 2021 | Series D Jan 2023 $100M | $1.1B | $139M – $2.3B | $914M (-14%) | $172M | 22% | 1,078 | flat | D | |
| 18 | CuspAI Research Institutes · since Series A, 2025 | Series B Jul 2026 $450M | $2.9B | $2.3B – $4.5B | $3.9B (+35%) | $429M | 0% | 94 | growing | B | |
| 19 | Varda Space Industries Aerospace and Defence · led at Seed, 2020 | Series D Sep 2026 $251M | $1.6B | $1.4B – $2.4B | $2.1B (+28%) | $229M | 0% | 276 | growing | A | |
| 20 | Aurora Solar Tech Companies · since Series D, 2022 | Series D Feb 2022 $200M | $772M | $306M – $6.0B | $720M (-7%) | $580M | 97% | 299 | down | D | |
| 21 | Flourish Labs Psychologists & Counseling Services · led at Growth, 2026 | Growth Equity Jun 2026 $500M | $2.5B | $2.2B – $2.9B | $2.1B (-17%) | $244M | 97% | 17 | shrinking | A | |
| 22 | Unconventional AI Research Institutes · since Seed, 2025 | Seed Dec 2025 $475M | $10.1B | $3.9B – $13.0B | $11.3B (+12%) | $2.0B | 0% | 57 | growing | C | |
| 23 | Flutterwave Payment Processing & Point of Sale · since Series D, 2022 | Series E Jun 2026 | $3.3B | $2.8B – $4.2B | $3.4B (+3%) | $458M | 53% | 875 | down | A | |
| 24 | Kallyope Biotechnology · led at Series A, 2015 | Series D Feb 2022 $236M | $236M | $93.0M – $1.8B | $223M (-6%) | $169M | 97% | 54 | down | D | |
| 25 | Modal Tech Companies · led at Series A, 2023 | Series C May 2026 $355M | $5.4B | $4.0B – $7.6B | $6.6B (+22%) | $725M | 0% | 233 | growing | B | |
| 26 | Armada Tech Companies · led at Growth, 2023 | Series B May 2026 $230M | $2.4B | $1.7B – $3.5B | $3.1B (+28%) | $339M | 0% | 667 | growing | B | |
| 27 | eGenesis Biotechnology · led at Series D, 2024 | Series D Sep 2024 $191M | $3.3B | $1.3B – $5.1B | $2.3B (-30%) | $368M | 0% | 154 | up | C | |
| 28 | Kymeta Electronical Components Manufacturing · since Series C, 2013 | Debt Sep 2024 $20M | $459M | $52.9M – $991M | $450M (-2%) | $70.0M | 23% | 225 | flat | D | |
| 29 | Maven Clinic Health Care Services · led at Series D, 2021 | Series F Oct 2024 $125M | $2.3B | $1.2B – $2.6B | $1.9B (-15%) | $248M | 0% | 1,197 | up | B | |
| 30 | Modsy Tech Companies · since Series A, 2016 | Series C May 2019 $37M | $3.00M | $0 – $3.00M | $3.00M (0%) | – | 100% | 70 | down | dead | |
| 31 | Replai Tech Companies · since Seed, 2021 | Seed Oct 2021 $4.7M | $70.3M | $2.76M – $148M | $70.7M (+1%) | $9.84M | 20% | 163 | up | D | |
| 32 | Tech Companies · since Series D, 2021 | Series E Jan 2022 $150M | $3.9B | $532M – $5.5B | $3.9B (0%) | $527M | 0% | 876 | up | D | |
| 33 | Tech Companies · led at Series A, 2016 | Acquisition Sep 2025 $1.00B | $1.6B acquired 2025 | $891M – $2.3B | – | – | 30% | 365 | growing | B | |
| 34 | Tech Companies · since Series D, 2021 | Growth Equity Sep 2022 $63M | $153M | $57.8M – $436M | $126M (-18%) | $55.5M | 97% | 136 | shrinking | D | |
| 35 | Tech Companies · since Series B, 2021 | Series C Apr 2022 $150M | $813M | $107M – $1.6B | $739M (-9%) | $168M | 23% | 227 | flat | D | |
| 36 | Tech Companies · led at Series B, 2018 | Series D Jun 2023 $69M | $330M | $119M – $1.6B | $216M (-35%) | $118M | 97% | 114 | down | D | |
| 37 | Tech Companies · since Series C, 2021 | Growth Equity May 2026 $40M | $462M | $292M – $744M | $489M (+6%) | $44.0M | 0% | 61 | unknown | B | |
| 38 | Tech Companies · since Seed, 2023 | Series C Sep 2026 $108M | $1.0B | $869M – $1.5B | $1.3B (+26%) | $143M | 0% | 231 | growing | A | |
| 39 | Tech Companies · led at Seed, 2017 | Series D Mar 2022 $102M | $935M | $383M – $1.7B | $922M (-1%) | $158M | 19% | 432 | growing | C | |
| 40 | Tech Companies · led at Series A, 2019 | Acquisition Jan 2026 $3.35B | $1.8B acquired 2026 | $397M – $2.3B | – | – | 13% | 297 | flat | C | |
| 41 | Tech Companies · since Series C, 2021 | Series C Jul 2021 $113M | $81.6M | $38.8M – $295M | $72.1M (-12%) | $78.8M | 97% | 22 | shrinking | D | |
| 42 | Tech Companies · since Series A, 2023 | Series B Feb 2026 $70M | $695M | $369M – $1.1B | $786M (+13%) | $86.5M | 0% | 123 | up | B | |
| 43 | Tech Companies · since Series A, 2015 | Series D Nov 2019 $50M | $545M | $36.5M – $905M | $521M (-4%) | $86.8M | 0% | 85 | flat | D | |
| 44 | Tech Companies · since Series A, 2015 | Series C Sep 2021 $70M | $156M | $38.9M – $563M | $146M (-6%) | $78.8M | 97% | 246 | shrinking | D | |
| 45 | Tech Companies · since Series A, 2015 | Series C Oct 2021 $60M | $73.5M | $32.6M – $313M | $65.6M (-11%) | $78.0M | 97% | 46 | shrinking | D | |
| 46 | Tech Companies · led at Series A, 2017 | Growth Equity Apr 2024 $32M | $313M | $89.4M – $565M | $244M (-22%) | $33.6M | 25% | 113 | flat | C | |
| 47 | Tech Companies · since Series A, 2024 | Series B Nov 2024 $50M | $242M | $173M – $431M | $150M (-38%) | $57.8M | 97% | 98 | shrinking | B | |
| 48 | Tech Companies · since Series A, 2024 | Series B Sep 2025 $50M | $833M | $271M – $1.2B | $833M (0%) | $62.7M | 0% | 1,687 | growing | C | |
| 49 | Tech Companies · since Series A, 2025 | Series A Dec 2025 $52M | $567M | $229M – $956M | $628M (+11%) | $87.9M | 0% | 73 | growing | C | |
| 50 | Aerospace and Defence · since Series B, 2026 | Series B Aug 2026 $37M | $274M | $217M – $439M | $382M (+39%) | $42.0M | 0% | 99 | growing | B |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Lux Capital invests: stages, industries and countries
Most of its rounds are Series A (31%). Its companies span 42 industries, most in Tech Companies, Biotechnology and Aerospace and Defence, across 18 countries.
Rounds by stage
- Pre-seed 2
- Seed 61
- Series A 101
- Series B 62
- Series C and later 98
- Other venture 1
Investments by industry
- Tech Companies 91
- Biotechnology 17
- Aerospace and Defence 14
- Health Care Services 7
- Software Development Services 7
- Investment Consultants & Financial Advisors 5
- Medical Supply Manufacturers 5
- Electronical Components Manufacturing 4
Investments by country
- United States 174
- United Kingdom 3
- Ireland 2
- Brazil 1
- Bulgaria 1
- Canada 1
Recent rounds
Lux Capital's latest investments
Lux Capital's most recent funding rounds, newest first. 45 rounds in the last 12 months.
- Series B $75M 6 Oct 2026
- Varda Space Industries Series D, led $251M 30 Sep 2026
- Enveda Series E $311M 23 Sep 2026
- Seed, led $30M 18 Sep 2026
- Growth $205M 16 Sep 2026
- Growth, led $250M 9 Sep 2026
- Series B $18M 25 Aug 2026
- Hadrian Series D $1.37B 6 Aug 2026
- Series B $37M 5 Aug 2026
- CuspAI Series B $450M 20 Jul 2026
Co-investors
Lux Capital's top co-investors
The investors that most often join the same rounds as Lux Capital. Founders Fund leads, with 53 rounds together.
- Founders Fund 53 rounds together
- General Catalyst 38 rounds together
- Sequoia Capital 34 rounds together
- Andreessen Horowitz 32 rounds together
- GV 24 rounds together
- Y Combinator 22 rounds together
- Kleiner Perkins 21 rounds together
- Khosla Ventures 19 rounds together
- Menlo Ventures 18 rounds together
- Lightspeed Venture Partners 16 rounds together
About
About Lux Capital
Lux Capital Management, LLC is an American venture capital firm that invests in early-stage and growth-stage companies across sectors such as neuroscience, biology, defense, sensing, manufacturing, data and AI, robotics, and space. The firm also operates as a private equity firm and is involved in the financial services sector, supporting startups and early-stage companies. Lux Capital maintains offices in New York and Silicon Valley and is supported by a team with backgrounds in technology, science, and entrepreneurship.
Description from Veridion's company data.
- Founded
- 2000
- Based in
- New York, United States
- Team
- 123 people, +31% in a year
- Type
- Venture capital firm
Focus markets
- Science and Technology
- Defense
- Manufacturing
- Data and AI
- Robotics
- Space
What Lux Capital offers
- Science and Technology Venture Capital Investment
- Emerging Technology Sector Investment
- Neuroscience and Biology Technology Investment
- Defense and Sensing Technology Investment
- Manufacturing Technology Investment
- Data and AI Technology Investment
- Robotics Technology Investment
- Space Technology Investment
Questions
Lux Capital: frequently asked questions
How many companies has Lux Capital invested in?
194 venture-backed companies on VCMC, across 325 funding rounds.
What are Lux Capital's most valuable private companies?
Anduril ($68.6B), Ramp ($60.1B), Cognition ($28.1B), by VCMC's valuation.
What was Lux Capital's latest investment?
Multiply Labs, a Series B round in Oct 2026 of $75M.
Which stages does Lux Capital invest in?
Lux Capital invests most often at Series A (101 rounds), followed by Series C and later (98) and Series B (62). It has also joined 61 seed, 2 pre-seed and 1 other venture rounds.
What is Lux Capital's portfolio worth?
Its private companies with a VCMC valuation are worth $384.6B together. That is the sum of the companies' values, not what Lux Capital owns.
Who does Lux Capital invest alongside?
Founders Fund (53 rounds), General Catalyst (38 rounds), Sequoia Capital (34 rounds).