Felix Capital Raises $600 Million to Boost Web3 Exposure

Felix Capital, a venture capital company has just raised a fresh $600 million to invest in web3 and blockchain companies.

“We are thrilled to share that we have closed oversubscribed funds of $600m” tweeted the firm post fundraise raise yesterday. 

The target for the fund was set to $500 million which was oversubscribed by 20% wrote Felix Capital in a blog post.

Decrypt has contacted Felix Capital about the latest raise.

The London-based firm, known as the venture capital for the “creative class,” now has $1.2 billion in total assets under management following the raise.

“We are expanding our areas of interest, planning to grow our exposure to Web3, a new platform for creativity, community, and of course, entrepreneurship,” read the announcement post from Felix Capital.

Frederic Court, the founder and investment partner of Felix Capital mentioned that the company is actively looking to invest in at least “25 companies” across Europe and North America that tap into changing customer behavior in an interview with Forbes.

Previously, Felix had six exits including Deliveroo (LON: ROO), Farfetch (NYSE: FTCH), an online luxury fashion retail, and Peleton (NASDAQ: PTON).

In terms of crypto exposure, the firm has already invested in a few Web3 products including Ledger, Sorare, an NFT-powered fantasy football platform, and Lightspark, a bitcoin lightning network company.

Other Fintech companies funded by Felix include Juni, a banking platform, and Forter, a payment processing platform.