Felicis Ventures has closed its sixth flagship fund on $270m, its largest vehicle to date.
Its predecessor closed on $200m in 2016, its former largest fund, and raised the capital within just two months. With Fund VI, it brings the firm’s total fund capital pool to $706m, with its maiden vehicle picking up just $4m in 2006.
Excluding the firm’s debut fund, Felicis has raised a new investment vehicle every two years, securing $120m for fund IV in 2014, $71m for its third in 2012, and $41m for its sophomore fund in 2010.
Since the firm launched in 2006, the company has held 74 exits and had 6 backed-businesses complete IPOs. Felicis has invested into countries spanning the Americas, Europe, Asia, Africa, and the Middle East.
Areas of interest for the firm include FinTech, Mobile services, e-commerce, enterprise software, healthcare, education, AI, and connected devices, among others.
Some of the FinTechs currently in the firm’s portfolio include credit score app Credit Karma, ‘pay-per-mile’ car insurance company Metromile, online investing platform FundersClub, and blockchain payments service BitPay.
Earlier in the year, Felicis Ventures took part in the $29.5m Series B funding round of real estate loan investment platform PeerStreet. The firm also invested into Juniper Square, this year, helping the company develop its fundraising and investment administration services for the real estate space.
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