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Lucas Venture Group

North America, California, United States, Menlo Park

Description

Lucas Venture Group (LVG) is a deeply entrenched venture capital firm based in Menlo Park, California, renowned for its long-standing presence in Silicon Valley. Founded in 1980, LVG stands as one of the longest continuously operating venture capital firms, boasting over four decades of investment experience. The firm primarily focuses on early-stage and growth-stage companies that are developing disruptive technologies within the enterprise sector.

LVG's investment thesis centers on identifying and nurturing companies poised for significant market impact. Their core areas of interest include robotics, networking, software analytics, big data, cybersecurity, artificial intelligence (AI), machine learning (ML), enterprise software, SaaS, cloud computing, and the Internet of Things (IoT). Beyond capital, LVG emphasizes providing strategic guidance, operational expertise, and leveraging its extensive network to support portfolio companies through their growth trajectories.

The firm has built an impressive track record over its history, having completed more than 100 investments and facilitated over 40 successful exits, demonstrating a consistent ability to identify and scale promising ventures. Lucas Venture Group has also successfully raised multiple funds, with recent iterations like Lucas Venture Group IX reportedly in the range of $200 million to $250 million, indicating substantial capital deployment capabilities. This robust financial backing allows LVG to make meaningful initial investments and provide follow-on funding to support portfolio companies through various stages of development, reinforcing their commitment to long-term partnerships and fostering innovation.

Investor Profile

Lucas Venture Group has backed more than 38 startups, with 0 new investments in the last 12 months alone. The firm has led 5 rounds, about 13% of its total and boasts 9 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Software, Artificial Intelligence (AI), E-Commerce.
  • Typical check size: $2M – $15M.

Stage Focus

  • Series C (21%)
  • Series A (18%)
  • Series Unknown (16%)
  • Series B (16%)
  • Seed (11%)
  • Pre Seed (5%)
  • Series E (5%)
  • Series D (3%)
  • Convertible Note (3%)
  • Debt Financing (3%)

Country Focus

  • United States (100%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • E-commerce
  • Internet
  • Health Care
  • Cyber Security
  • Financial Services
  • Information Technology
  • Apps
  • Education
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Lucas Venture Group frequently co-invest with?

PC
North America, California, United States, Menlo Park
Co-Investments: 3
Floodgate
North America, California, United States, Palo Alto
Co-Investments: 4
BBG Ventures
North America, New York, United States, New York
Co-Investments: 3
Walden Riverwood Ventures
North America, California, United States, San Francisco
Co-Investments: 4
Black Diamond Ventures
North America, California, United States, Glendale
Co-Investments: 5
Great Oaks Venture Capital
North America, New York, United States, New York
Co-Investments: 4
Cota Capital
North America, California, United States, San Francisco
Co-Investments: 5
Manatt Venture Fund
North America, California, United States, Los Angeles
Co-Investments: 5
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 4
Celesta Capital
North America, California, United States, San Francisco
Co-Investments: 5

Which angels does Lucas Venture Group often collaborate with?

Shared Deals: 1
JK
North America, California, United States, Palo Alto
Shared Deals: 2
BR
North America, California, United States, Newport Beach
Shared Deals: 1
AS
North America, Texas, United States, Austin
Shared Deals: 1
Shared Deals: 1
DB
North America, California, United States, Salinas
Shared Deals: 1
AC
North America, Ohio, United States, Cleveland
Shared Deals: 1
DA
North America, California, United States, Menlo Park
Shared Deals: 2
RC
North America, District of Columbia, United States, Washington
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Lucas Venture Group?

TRIC Robotics

Newark, Delaware, United States

TRIC Robotics develops an autonomous, non-chemical pesticide alternative for strawberry farms.

AgricultureAgTechInformation Technology
SeedJul 23, 2025
Amount Raised: $5,500,000
BoldHue

Aurora, Colorado, United States

BoldHue is a beauty tech company that develops a Bluetooth-enabled handheld device to cutomize beauty needs.

Artificial Intelligence (AI)BeautyInformation Technology
SeedApr 2, 2024
Amount Raised: $3,370,000
Chptr

New York, New York, United States

Chptr is a mobile-first memorialization platform to gather, share, and hold memories for a lost loved one’s life for generations to come.

InternetNewsSocial Media
SeedNov 9, 2023
Amount Raised: $1,500,000
Prellis Biologics

Berkeley, California, United States

Prellis employs holographic tissue printing technology with fully human antibody discovery, in vitro human disease and ADME/Tox models.

3D PrintingBiopharmaBiotechnologyTherapeutics
Series CAug 10, 2022
Amount Raised: $35,000,000
Allermi

San Francisco, California, United States

Allermi offers direct delivery of customized prescription allergy medications, designed and formulated by world-class allergists.

Health CareWellness
Pre SeedMay 10, 2022
Amount Raised: $1,250,000
Rizzle

San Jose, California, United States

Short Videos, AI-Based Camera, Short Series

AdvertisingArtificial Intelligence (AI)Internet
Series BMar 4, 2022
Amount Raised: $10,000,000
Builders Patch

New York, New York, United States

Builders Patch is an intuitive online tool built for property developers to manage their deals and raise construction finance.

PaymentsReal EstateSoftware
SeedSep 28, 2021
Amount Raised: $2,300,000
Rizzle

San Jose, California, United States

Short Videos, AI-Based Camera, Short Series

AdvertisingArtificial Intelligence (AI)Internet
Convertible NoteSep 16, 2021
Amount Raised: $17,000,000
Chptr

New York, New York, United States

Chptr is a mobile-first memorialization platform to gather, share, and hold memories for a lost loved one’s life for generations to come.

InternetNewsSocial Media
Pre SeedSep 1, 2021
Amount Raised: $2,400,000
Mighty Networks

Palo Alto, California, United States

The most popular all-in-one community platform for creators and entrepreneurs. $370M in creator earnings in 2023

CommunitiesE-CommercePrivate Social NetworkingProfessional NetworkingSoftware
Series BApr 26, 2021
Amount Raised: $50,000,000