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$600 Million Raised To Increase Web3 Exposure by Felix Capital

Felix Capital just raised new funding concentrating on Web3 and crypto funding, despite being branded for creative class.

Felix Capital just raised new funding concentrating on Web3 and crypto funding,despite being branded as a venture capital firm for creative class.

$600 million were obtained for investing in Web3 and cryptocurrency companies, by venture capital firm, Felix Capital. On June 9, after the fundraiser the company tweeted the following: “We are thrilled to share that we have closed oversubscribed funds of $600m.” 

In a blog post, the company shared that they had exceeded the original target of $500 million, by 20%. Following the increase, the total assets of the London-based company, known as venture capital for the “creative class” now reach up to $1.2 billion assets under management (AUM). 

The company shared in the announcement that they are “expanding our areas of interest, planning to grow our exposure to Web3, a new platform for creativity, community, and of course, entrepreneurship.” 

The firm is constantly seeking to invest in at least 25 entities throughout Europe and North America that capitalize on shifting customer behavior, in an interview with Forbes, Frederic Court the founder and investment partner of Felix Capital stated. 

The firm is constantly seeking to invest in at least 25 entities throughout Europe and North America that capitalize on shifting customer behavior, in an interview with Forbes, Frederic Court the founder and investment partner of Felix Capital stated.

Deliveroo, an online luxury clothes retailer, and Peleton, are some of the companies that previously left Felix. Web3 products such as Ledger, Sorare, an NFT-powered fantasy football website, and Lightspark, a Bitcoin lightning network are some of the investments made by the company. 

Juni, a banking platform, and Forter, a payment processing platform are also companies Felix invested in.

 

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