Venture capital firm Lux Capital, which invests in early-stage futuristic science and tech companies, has closed its fourth fund at $350 million, the company announced Thursday.
Now it has $700 million in total capital under management, Lux Capital co-founder and managing partner Peter Hebert tells Business Insider.
“This is the most thrilling period of scientific and technological experimentation and advancement in the history of mankind,” Lux Capital managing partner and co-founder Josh Wolfe says.
“We believe the next generation of industrialist titans will be scientists, technologists and inventors who are doing more than challenging the status quo—they’re literally challenging the laws of physics.”
Lux Capital has invested in startups including SOLS, a company that makes perfectly fitting 3D-printed orthotics. Lux Capital led SOLS' $11.1 million Series B round in February.
Other companies in Lux's portfolio include 3D printing marketplace Shapeways and Kurion, a startup that combines robots and chemical engineering to get rid of nuclear waste. Kurion was used to clean up waste at Fukushima.
Join the conversation about this story »
NOW WATCH: 14 extraordinary rocket test failures that paved the way for NASA's space program