In accordance with a latest announcement, the London-based VC is concentrating on “long-term” investments in commerce and fintech companies. With the brand new funding, the agency is trying to double down on present investments, in addition to assist rising startups. It additionally plans on including in new hires as companions, traders, and advisers.
So far as environmental conservation goes, Felix is among the companies trying to promote sustainability.
Felix Raises $600M to Again Crypto, Web3 Initiatives
Felix Capital is among the outstanding traders backing the brand new David Marcus Bitcoin startup. The previous Diem stablecoin challenge lead launched a brand new agency – Lightspark – in Might, aiming to discover the utilities and capabilities of Bitcoin’s Lightning Community. The VC has additionally funded Sorare – a worldwide fantasy soccer recreation the place gamers can commerce digital collectibles.
Exterior crypto, the agency’s portfolio contains main firms like on-line meals supply agency Deliveroo, and transportation firm Dott. One other is Moonbug Leisure (creator of the Cocomelon youngsters channel), amongst many others.
Felix Capital now hopes to extend its portfolio depend to between 20-25 firms based mostly in Europe or North America.
Of be aware, the most recent fundraising is the agency’s fourth and largest but, bringing the overall quantity raised to $1.2 billion. The Frederic Courtroom-led agency is transferring in leaps and bounds, contemplating it launched with $120 million in 2015. Much more, its preliminary capital goal was simply $500 million.
Crypto and Net 3.0 Investments
These days, the crypto market has been in a somber temper, with most cryptocurrencies buying and selling effectively under their all-time highs. Occasions such because the Russia-Ukraine battle and Fed rate of interest hikes have brought on financial knock-on results, reverberating by means of all types of finance.
However even then, it appears enterprise capitalists’ actions are removed from subsiding, particularly in issues of crypto and Web3. In April, the VC Andreessen Horowitz (a16z) created a crypto analysis group to look into Web3. A month prior, ex-a16z accomplice Katie Haun raised $1.5 billion to spend money on crypto, NFT, and Web3 initiatives. She grew to become the primary feminine founding accomplice to draw such a staggering quantity.
In its Q1, 2022 report, VC database PitchBook famous that the “variety of European VC automobiles fell drastically.” Much more, the variety of funds launched this yr “could be the bottom since 2013.” On the optimistic aspect, PitchBook says VC exercise in Europe in Q1 was at tempo with that of the identical interval final yr.
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