London-based VC firm Felix Capital has launched a $ 600m (£ 478m) fund to invest in 20 to 25 early stage companies in Europe and North America focusing on Web3 and sustainability.
Founded in 2015, Felix’s fourth fundraiser brings its total funds under management to $ 1.2bn (£ 957m).
With the oversubscription rise, which exceeded its $ 500m (£ 399m) target, the company will make investments of between $ 5m and $ 10m per start-up.
“Felix was founded with the vision that the rapid transformation of consumer behavior was a huge opportunity and needed focus,” said Frederic Court, founder and managing partner, Felix Capital.
“Since then, we have built a portfolio in line with that strategy, supporting emerging and culturally relevant consumer brands, as well as related enabling technologies that support them,” he said. the Court also.
David Marcus, formerly Meta and Paypal Lightspark, co-founder and CEO, said: “Felix Capital takes an innovative approach to capital investment, and for over a decade I have appreciated their focus, commitment and partnership.”
In addition to closing the fund, Felix Capital is adding María Auersperg de Lera and Sophie Luck to its team of investors.
Depop CEO Maria Raga, senior marketer Musa Tariq – who previously worked for the likes of Apple, Nike and Airbnb – and Nordeus founder and CEO Branko Milutinović will also join as advisers.
Felix Capital is not the only VC to have recently raised a new fund. It combines the likes of All Iron Enterpriseslaunched its £ 26m European fund this week to invest in other funds, and another Web3 investment fund Fabric Ventureswhich closed its £ 112m investment fund last week.
Felix Capital launches £ 478m fund to support Web3 start-ups and sustainability
Source link Felix Capital launches £ 478m fund to support Web3 start-ups and sustainability