Felicis Raises $900M: New Funding for Early-Stage Venture Capital

Felicis Ventures Announces $900 Million Fund X

Aydin Senkut, the founder of Felicis, is marking his 19th anniversary as an institutional investor focused on early-stage companies with the announcement of the firm’s largest fund to date: a $900 million Fund X.

This new fund builds upon previous successes, following the $825 million Fund IX secured in 2023 and the $600 million Fund XIII raised in 2021.

A History of Successful Investments

Felicis is a well-regarded seed and Series A investment firm, recognized for its support of numerous thriving companies.

Notable investments include Ayden, Bonobos, Ring, Shopify, and Twitch, demonstrating a strong track record of identifying promising ventures.

Since its establishment in 2006, Felicis has invested in over 50 companies that achieved unicorn status and has overseen more than 125 successful exits.

Focus on Artificial Intelligence

Like many venture capital firms currently, Felicis has significantly increased its investment in Artificial Intelligence (AI).

The firm’s current portfolio features companies such as Browser Use, Poolside, Runway, and Supabase, all operating within the AI space.

Felicis anticipates substantial growth in the AI sector, stating in a recent blog post that they expect “dozens of $100B+ AI companies will emerge this decade.”

Currently, 70% of the firm’s active portfolio consists of startups that are considered AI-native.

A request for further commentary from Aydin Senkut was not immediately answered.