Lucent

Peter Hébert, Co-Founder and Managing Partner, leads investment decisions for Lucent. He founded the firm in 2014 after co-founding and spending a decade at Lux Capital, where he invested in companies including Shapeways and Kurion. Hébert operates with a lean partnership structure, and the firm's concentrated portfolio means he remains directly involved in underwriting every new commitment.

Lucent sources deals through the deep-tech network Hébert built over two decades, including his tenure at Lux Capital and his board relationships with companies like Anduril Industries. The firm's thesis — that capital-intensive enterprise technology is underserved by conventional venture — tends to attract founders who self-select into Lucent's concentrated, patient-capital model. The firm does not operate an incubator or formal scout network.

Lucent is a venture capital firm, not a family office. It raises funds from institutional limited partners and deploys them across a concentrated portfolio of early-stage, deep-technology companies. The firm does not manage a single-family's wealth or operate a multi-family office model.

Lucent makes direct equity investments into technology companies and does not operate a fund-of-funds program. The firm's model is built on taking board seats and concentrating capital into a small number of direct positions per year, typically across seed, Series A, and growth-stage rounds.

Lucent invests from seed through growth-stage rounds. Initial checks range from approximately $5 million to $50 million, with the firm reserving significant capital for follow-on investments. This stage-agnostic approach allows Lucent to enter early and continue supporting companies through their later private rounds.

Peter Hébert was a co-founder and managing partner at Lux Capital before leaving in 2014 to launch Lucent. While both firms invest in deep technology, they are entirely separate legal entities with different partnership structures and fund vehicles. Hébert's investment philosophy at Lucent — concentrated portfolios with multi-decade holding capacity — diverges from the broader multi-partner model at Lux.

Lucent typically leads or co-leads rounds rather than passive co-investing alongside other firms. The firm prefers to set terms and take board seats, consistent with its concentrated portfolio construction. When other investors participate, Lucent generally anchors the round as a price-setting lead rather than filling out a syndicate.