Venture capital firm Felix Capital recently raised a fresh $600 million to invest in Web3 and blockchain companies.
,We are pleased to report that we have raised $600m . The oversubscribed fund of, tweeted Firm post fundraising tomorrow.
The target was set at $500 million for the fund, which was oversubscribed by 20%, Felix Capital reported a . was written in blog post,
decrypt Have contacted Felix Capital about the latest growth.
The London-based firm, known as venture capital to the “creative class,” now has $1.2 billion in net assets under management after an increase.
,We are expanding our areas of interest, planning to increase our exposure to Web3, a new platform for creativity, community and of course, entrepreneurship,” read the Announcement Post from Felix Capital.
Frederick Court, the founder and investment partner of Felix Capital, noted that the company is actively looking to invest in at least “25 companies” in Europe and North America that are capable of changing customer behavior in an interview. Forbes,
Prior to this, Felix had six exits including Deliveroo (LON: ROO), Farfetch (NYSE: FTCH), an online luxury fashion retailer, and Peleton (NASDAQ: PTON).
In terms of crypto exposure, the firm has already invested in a few Web3 products including Ledger, so rarean NFT-powered fantasy football platform, and lightsparkA bitcoin lightning network company.
Other fintech companies funded by Felix include junea banking platform, and forterA payment processing platform.
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