Quick take:
- The new fund will back 20 to 25 startups across Europe and some in North America.
- The fund will focus on innovative startups that enable digital lifestyles.
- Felix Capital has previously invested in Ledger and Sorare.
London-based VC firm, Felix Capital, today announced the closing of a new $600 million fund. Exceeding the initial undisclosed target, the fund is the firm’s fourth since its inception in 2015 and brings its total managed funds to $1.2 billion.
Calling itself a “venture firm for the creative class”, Felix Capital operates at the intersection of tech and creativity, focusing on innovations that enable digital lifestyles. The firm aims to be the number one partner to help entrepreneurs with groundbreaking ideas build trusted brands that push the world forward.
Over the next few years, Felix Capital will be pumping the funds into 20 to 25 startups across Europe and selected ones in North America. A key area that the firm hopes to grow into is Web3, often seen as a new platform for creativity, community, and entrepreneurship.
A central theme of Felix Capital’s portfolio is sustainable living, which is in line with the firm’s mission to partner with founders who want to make a positive impact on the world.
The firm has previously invested in technologies that impact every key aspect of people’s personal lives, including food, shopping, health, wellness, personal finance, entertainment, communication, and gaming. It is also increasingly investing in new software tools that address the need of the modern workforce, thereby transforming their professional lives.
Felix’s portfolio of companies includes Farfetch, Deliveroo, Oatly, High Snobiety, Business of Fashion, Miraki, Lightspark, Juni, and Peppy, among several others.
The team behind Felix plans to reinvest into the firm’s existing portfolio at key growth inflection points and into external companies within its core themes such as Forter, as well as Web3 products such as Ledger, Sorare, and Lightspark.
Felix Capital participated in Ledger’s $380 million Series C funding round last June, Sorare’s Series B round last September, and crypto payments startup, Lightspark in May this year.
“As part of our thinking around Creativity, we are long-term believers in the power of the blockchain and Web3 as a new platform for founders to create new offerings, new communities, and new services that will change the way we live,” Felix Capital wrote in a blog post.
In addition to the new fund, two new experienced investors María Auersperg de Lera and Sophie Luck, and three new advisors, Maria Raga (Depop CEO), Musa Tariq (senior marketer at brands such as Apple, Nike, Ford, and Airbnb) and Branko Milutinović (founder and CEO of gaming company Nordeus) have joined the firm.
With the new capital, the firm will continue to take a thematic approach and make conviction-driven, founder-centric investments.
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