The firm was looking to raise $500 million; however, heightened investor interest helped it add an additional $100 million, an oversubscription of 20%.
Felix boasts of an envious portfolio, including listed companies Farfetch and Deliveroo, and the likes of Forter, Papier, and Juni, to name a few. The company’s web3 portfolio includes Sorare, an NFT-powered fantasy football game, and Lightspark, a bitcoin payments network company.
It specializes in investing in early-stage and growth startups and plans to bring at least another 25 companies across Europe and North America into the fold.
After the recent raise, the company’s total assets stand at $1.2 billion. Felix Capital started with only $150 million when it was first launched back in 2015.
Even though the crypto markets have fallen off the cliff, the space hasn’t seen a shortage of funding. However, there are some early signs of weakness in the number of exits and valuations.
Frederic Court believes that the combined experience of its investors and the strategic vision of the firm will help it drive through rough waters.