Lux Capital

Activity from announced rounds

Activity in this selectionUnited Kingdom · Oct 12, 2026 · Jan 1, 2026

Lux Capital invests in companies emerging from the life sciences, physical sciences and computational sciences, including biotechnology, robotics, aerospace, defence and AI infrastructure.

Its investment approach includes small Seeds, Experiments and Optionality investments that let it engage with technology before a conventional venture case is established. The firm also makes thesis-driven investments and backs founders working on technically difficult problems.

Lux’s Riskgaming programme uses researched scenarios to examine how technological developments interact with geopolitics and national security. That perspective is especially relevant for founders whose commercial opportunity depends on scientific progress, industrial adoption or government demand.

Sources
Rounds participated in
2
Confirmed lead rounds
—
2 roles undisclosed
New companies
2
First participation on record · 0 follow-on
Funding in participating rounds
$480M
2 disclosed · full round size, not this investor’s share

By stage

Series B1
Undisclosed1

By primary sector

AI1
Defense tech1

By country

United Kingdom2

Rounds

2 in this selection
Agon

Agon develops virtual environments for defence companies and governments to train and evaluate autonomous AI systems.

$30MPre-Seed+Seed
Role not disclosed
CuspAI

Developing AI systems to discover and design new materials for clean energy and chipmaking

$450MSeries B
Role not disclosed