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British venture capital firm Felix Capital has raised $600 million for a Web 3.0-focused investment fund. We’re excited to share that we’ve closed over $600M of oversubscriptions, doubled
British venture capital firm Felix Capital has raised $600 million for a Web 3.0-focused investment fund.
We’re excited to share that we’ve closed over $600M of oversubscriptions, doubled our committed capital to over $1.2B, and enabled us to double down on the transformation of the customer journey and the emergence of a digital, sustainable lifestyle 🚀https://t.co/K4N3sMps60
— Felix Capital (@FelixCapital) 8 June 2022
The firm noted that subscription volume exceeded the planned $500 million. The build was launched in 2015. For him, this is his fourth fundraiser to bring in $1.2 billion in invested capital.
“We are broadening our interests by deepening our exposure to Web 3.0, a new platform for creativity, coexistence and of course entrepreneurship,” the statement said.
With the new funding, Felix plans to support 20-25 companies over several years, mainly in Europe and selectively in North America.
The company’s portfolio already includes representatives of the crypto industry. These include hardware wallet maker Ledger, fantasy football NFT platform Sorare, and David Marcus’ Lightning Network technology startup Lightspark.
Recall that Ledger, together with venture capital firm Cathay Innovation, launched a €100 million fund to invest in Web 3.0 startups.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
