Felicis Raises $900M in New Funding After Strong Successes
▼ Summary
– Felicis founder Aydin Senkut announced a $900 million Fund X, marking his 20th year as an early-stage investor.
– The new fund follows Felicis’ $825 million Fund IX in 2023 and $600 million Fund XIII in 2021.
– Felicis has backed over 50 unicorns and 125 exits since its founding in 2006, with notable investments like Shopify and Twitch.
– The firm is heavily focused on AI, with 70% of its active portfolio being AI-native startups, including companies like Runway and Supabase.
– Felicis predicts dozens of $100B+ AI companies will emerge this decade, as stated in its blog post.
Felicis Ventures has secured $900 million for its latest investment fund, marking a significant milestone as the firm celebrates two decades of early-stage investing. This new capital injection, dubbed Fund X, surpasses the $825 million raised last year and continues the firm’s pattern of increasing fund sizes over time.
Since its launch in 2006, Felicis has built an impressive track record, backing more than 50 unicorns and facilitating over 125 exits. Some of its most notable investments include industry leaders like Shopify, Twitch, Ring, and Adyen. The firm specializes in seed and Series A funding, positioning itself as a key player in nurturing startups from their earliest stages.
Artificial intelligence remains a dominant focus for Felicis, with roughly 70% of its current portfolio consisting of AI-native companies. Recent additions include high-potential names like Runway, Supabase, and Poolside. In a recent blog post, the firm expressed strong conviction in AI’s transformative potential, predicting that multiple $100 billion-plus companies will emerge in the sector within this decade.
While founder Aydin Senkut has not yet commented further on the new fund, the announcement reinforces Felicis’ reputation as a powerhouse in venture capital. With its growing financial firepower and sharp focus on cutting-edge technology, the firm is poised to continue shaping the next generation of industry-defining startups.
(Source: TechCrunch)
