Nvidia Acquires Hugging Face for $12.9B; Lux Capital's Series A Returns 132x
madeofAjala · x · 2026-08-27
Nvidia is acquiring Hugging Face for $12.9B. Investors put in under $400M and will share $7.3B in proceeds, a blended 20x return.
- Lux Capital is the single biggest winner: its Series A and C stakes generated $2.6B combined; the $15M Series A alone returns $2.0B (132.5x), the most lucrative round in absolute dollars.
- Betaworks and angels are sitting on a >1,000x return for backing an exceptional team early.
- Fun fact: Hugging Face started as a chatbot for lonely teenagers that responded to selfies with empathy — far from the AI platform giant it became.
Related event: NVIDIA Reportedly Agrees to Buy Hugging Face for ~$12.9B(60 posts)→
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