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LUX Capital Management, LLC

Multi-stage venture firmSEC venture capital fund adviserRaising· New York, New YorkLUXCAPITAL.COM

We’re a tight-knit team of big dreamers and deep thinkers obsessed with finding new ways to build a better tomorrow.

In the firm's own words, from its website.

Reported fund assets
$11B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
5
Investment team
15
Latest vintage
2026
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

37 additional team members, 37 additional co-investors and affiliates, 113 additional investments, funds and LPs, 34 events, 56 verified contacts (52 professional url, 2 general firm email, 1 published business email, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Regulatory footprint (Form ADV): Exempt reporting adviser · 17 private funds · filed Mar 31, 2026 source

Filed a Form D on Dec 15, 2025, for a fund listed on its Form ADV (see the fund).

What matters now

  1. 3 vehicles
    on Form D, 18 months

    $50.9M reported sold so far.

    A Form D is filed when a vehicle takes its first money, so these are open to LPs now.

    FactSEC Form D filingsFor LPs, fund-of-funds, placement agentsVehicles →
  2. 5 companies
    new in 12 months

    5 new companies in the last 12 months. Latest round Varda Series D or later ($251M round, led) on Sep 30, 2026.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageInvestments →
  1. 3 departures
    people, 12 months

    A team member departed (seen on or before Nov 3, 2026, the day it happened is not on record). 3 departures on record in 12 months.

    A partner leaving or arriving changes who decides, and who a founder or LP should call.

    InferenceVenture organization websites (about, team, portfolio, thesis, news pages)Team →
  2. 5 companies
    portfolio raising

    5 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on Aug 12, 2026 ($5B sold on Form D).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →
  3. 11 deals

    11 of the 40 most frequent co-investors were first seen with it on record in the last 12 months.

    pair last observed on record Nov 3, 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordCo-investors →

People to know

View all people
  • Managing Member & Co-Cio
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Managing Member & Co-Cio
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Partner and Co-Founder
    Why: Founder of the firm
    Profile

Relationship network

356 connected entities61 observed rounds46 repeat counterparties8 dated rounds shown here, 2022 to 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

2 mentions in the sources could not be matched to a firm or person, so they are held back from the picture and its summary.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Capital provider
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected? Published routes

Name your firm, a company or a person, and DFX finds the published routes to LUX Capital Management, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

Public record only. For routes through people you know, see Who can introduce you.

See how you connect to LUX Capital Management, LLC

Investing

74 companies on record, 5 new in 12 months

Investments on record

74 companies, 24 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
VardaSeries D · Series D+leadShahin Farshchi (confirmed)$251MunknownSep 30, 2026Fact Press release
TraysarSeed · Seedparticipantunknown$25.0MunknownJun 17, 2026Fact Press release
CopiaFunding roundparticipantunknown$26.0MunknownJun 16, 2026Fact Press release

Stated thesis versus observed behaviour

98 observed deals
Stated (the firm’s website)
Sectors
ai, defense, logistics, gaming, media
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series a 27%series b 25%series d plus 25%seed 14%series c 7%venture debt 2%
Stage at first entry
series a 30%series b 25%series d plus 20%seed 15%series c 8%venture debt 3%
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (13)Life sciences (5)Hardware and deep tech (1)Healthcare services (1)
lead rate 15%follow-on rate 18%new companies, 12 months 5

People

38 current, 5 departed

Investment team

38 current, 5 departed, 1 not confirmed current
  • Joshua H Wolfe · Managing Member & Co-Cio
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Peter James Hebert · Managing Member & Co-Cio
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Josh Wolfe · Partner and Co-Founder
    Why this person: Founder of the firm; Named with investment responsibility; Confirmed current on the firm's own site 2026-11-02
    LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-11-02, confidence 90%

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

1 named earlier, not confirmed current
  • Zavain Dar · partner
    Named in a press release dated 2020-05-07; no later source lists this role
5 departed (kept with end dates)
  • David Yang · Partner · ? to Nov 3, 2026 Inference
  • Robert B Paull · Elected Manager · Oct 1, 2004 to Jun 26, 2014 Inference
  • Andrew Wilson · Partner, Legal · ? to Oct 16, 2026 Inference

Contacts

2 general firm email, 1 published business email, 1 firm phone, 52 professional url

2 general firm email, 1 published business email, 1 firm phone, 52 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

22 vehicles, 1 LPs disclosed

Funds and vehicles

22 reported, 5 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Lux Ventures VIII-A, L.P.Feeder or parallel2026 form d first saleNewly closedunknownunknown$35.5M
of $35.5M
Sep 10, 2026
Lux Ventures VIII-B, L.P.Feeder or parallel2026 form d first saleNewly closedunknownunknown$10.0M
of $10.0M
Aug 12, 2026
Lux Ventures IX Entrepreneurs Fund, L.P.Fund2025 form d first saleNewly closedunknownunknown$5.4M
of $5.4M
Jan 15, 2026

Limited partners

1 LPs, 3 disclosed commitments

Known LPs and allocators

22 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
California Public Employees' Retirement SystemSTATE RETIREMENT SYSTEMPioneer Pier Investments, L.P.$500M
committed
reported as of Mar 31, 2026Fact Pension disclosure
California Public Employees' Retirement SystemSTATE RETIREMENT SYSTEMLux Ventures IX, L.P.$325M
committed
reported as of Mar 31, 2026Fact Pension disclosure
California Public Employees' Retirement SystemSTATE RETIREMENT SYSTEMLUX Ventures Viii, L.P.$300M
committed
reported as of Mar 31, 2026Fact Pension disclosure

Relationships across DFX

295 co-investors · on 2 other DFX graphs

Co-investors

295 counted from shared deals, for the whole firm

Compare portfolios with Founders Fund LLC, 137 Ventures Management, LLC, Khosla Ventures, LLC or any firm. Co-investors across the market

Across DFX and the capital chainon 2 other DFX graphs · 115 capital paths Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

LUX Capital Management, LLC is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Checking your plan…

Capital chain

LUX Capital Management, LLC sits on 115 traced paths of capital across the graphs.

Allocator to VC fund to manager to company

DFX traced 115 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

39 dated events, 109 observations from 4 sources

Timeline

39 dated events
  1. seen on or beforeNov 3, 2026
    David Yang (Partner) no longer on the team page of LUX Capital Management, LLC
    Person leftPeopleInferenceDavid YangFirm website
  2. seen on or beforeOct 16, 2026
    Andrew Wilson (Partner, Legal) no longer on the team page of LUX Capital Management, LLC
    Person leftPeopleInferenceAndrew WilsonFirm website
  3. seen on or beforeSep 30, 2026
    Kim Tran (Development and Operations) no longer on the team page of LUX Capital Management, LLC
    Person leftPeopleInferenceKim TranFirm website
  4. seen on or beforeSep 15, 2026
    LUX Capital Management, LLC: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $6,683M)
    Classification changedClassificationInference
  5. Jun 30, 2026
    LUX Capital Management, LLC is deploying faster: 4 dated deals in the 90 days to 2026-06-30 against about 2.0 at its rate over the previous 9 months
    Deployment pace changedderived signalInference

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 17 private fundsShow
Headquarters
New York, NYadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 31, 2026
Private funds reported
17 (17 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$11Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried4 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $11.2B
  2. Sep 15, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $6.7B
  3. Sep 13, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $4.5B across 14 vehicles
  4. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $4.5B across 10 vehicles

Evidence

110 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 31, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 31, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 28, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 28, 2024FactForm ADV
First Form ADV filing2012-03-29Mar 31, 2026FactForm ADV
First Form ADV filing2012-03-29Mar 28, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-11-03Nov 4, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-11-02Nov 3, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-30Nov 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-29Oct 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-28Oct 29, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-27Oct 28, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-25Oct 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-23Oct 25, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-22Oct 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-21Oct 22, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-20Oct 21, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-19Oct 20, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-16Oct 19, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-12Oct 14, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-13Oct 14, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-10Oct 12, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-09Oct 11, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-08Oct 10, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-07Oct 9, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-06Oct 8, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-05Oct 6, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-10-02Oct 4, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2024-03-28Mar 28, 2024FactForm ADV
SEC statusERA - ActiveMar 31, 2026FactForm ADV
SEC status effective2012-03-29Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 28, 2024FactForm ADV
Business phoneMar 31, 2026FactForm ADV
Business phoneMar 28, 2024FactForm ADV
Contact page urlNov 3, 2026Fact
Contact page urlOct 16, 2026Fact
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
DescriptionNov 3, 2026Fact
DescriptionOct 16, 2026Fact
DescriptionSep 30, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 13, 2026Fact
HeadquartersNew York, NYMar 31, 2026FactForm ADV
HeadquartersNew York, NYMar 28, 2024FactForm ADV
Office addressMar 31, 2026FactForm ADV
Office addressMar 28, 2024FactForm ADV
Legal formLimited Liability CompanyMar 31, 2026FactForm ADV
Legal formLimited Liability CompanyMar 28, 2024FactForm ADV
Portfolio pageNov 3, 2026Fact
Portfolio pageOct 16, 2026Fact
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 13, 2026Fact
Private funds reported17Mar 31, 2026FactForm ADV
Private funds reported17Mar 31, 2026FactForm ADV
Private funds reported14Mar 28, 2024FactForm ADV
Private fund gross assets (reported)$11BMar 31, 2026FactForm ADV
Private fund gross assets (reported)$11BMar 31, 2026FactForm ADV
Private fund gross assets (reported)$6.7BMar 28, 2024FactForm ADV
Schedule a diffsadiff-1Sep 14, 2026FactForm ADV
Stated sectorsAI, defense, logistics, gaming, media
“sector words on the home page”
Nov 3, 2026Fact
Stated sectorsAI, defense, logistics, gaming, media
“sector words on the home page”
Oct 16, 2026Fact
Stated sectorsAI, defense, logistics, gaming, media
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorsAI, defense, logistics, gaming, media
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, defense, logistics, gaming, media
“sector words on the home page”
Sep 13, 2026Fact
Team pageNov 3, 2026Fact
Team pageOct 16, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 13, 2026Fact
Venture funds reported17Mar 31, 2026FactForm ADV
Venture funds reported17Mar 31, 2026FactForm ADV
Venture funds reported14Mar 28, 2024FactForm ADV
WebsiteMar 28, 2024FactForm ADV
Site titleNov 3, 2026Fact
Site titleOct 16, 2026Fact
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 13, 2026Fact
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
87
high
Active deployment
86
high
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $11.2B

The inputs behind each score
importance
gav: 0.92 · funds: 1 · people: 0.64 · investments: 0.74 · co investors: 1
active deployment
investments 12m: 0.88 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-30
emerging manager
fund count: 27 · reported gav: $11B · first adv filing: 2012-03-29 · years since first filing: 14.6

Connected records

Portfolio companies

70 more on this record

Funds

24 more on this record

Co-investors

Limited partners

  • California Public Employees' Retirement System

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

35 scored matches, best firstas of
  • score 69.4confidence 100%
    Why: sector fit; stage fit; activity; analogous
    Watch: adjacent portfolio
  • score 56.5confidence 100%
    Why: sector fit; activity; analogous; cap table
    Watch: adjacent portfolio
  • score 51.5confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio

+32 more scored matches

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

2 dated events on the change ledger, latest event first
  • Organization classification changed
    2026-09-15
  • Adviser's first ADV filing
    2012-03-29source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.