In a remarkable milestone for the venture capital landscape, Felicis, a prominent early-stage investment firm, has successfully raised $900 million for its tenth fund. This achievement, announced on June 12, 2025, marks the largest fund in the firm's history, reflecting its growing influence and success in backing groundbreaking startups.
Founded in 2006 with an initial fund of just $4 million, Felicis has evolved into a powerhouse for early-stage investments. The firm has a proven track record of identifying and nurturing innovative companies, with recent successes that have bolstered its reputation among investors and entrepreneurs alike. This latest fundraise underscores the confidence of its limited partners in Felicis' vision and strategy.
A significant focus of the new fund will be on artificial intelligence (AI), a sector where Felicis has already made impactful investments. Its portfolio includes promising AI-driven companies such as Browser Use, Poolside, Runway, and Supabase, highlighting its commitment to technologies that are reshaping industries.
Beyond AI, Felicis aims to support founders who are daring enough to challenge conventions across various sectors, including health, defense, and infrastructure. The firm's mission remains clear: to back unique, visionary entrepreneurs at the earliest stages and provide unwavering support through the inevitable ups and downs of startup life.
This fundraising success comes at a time when the tech ecosystem is hungry for innovation, and Felicis is poised to play a pivotal role in shaping the future. With $900 million at its disposal, the firm is ready to empower the next generation of founders who are building transformative solutions for tomorrow's challenges.
As Felicis embarks on this new chapter, the industry watches closely to see which startups will emerge as the next big success stories under its guidance. This fund not only strengthens Felicis' position in the VC world but also signals a robust future for early-stage innovation.
Alfred Lee
