Felix Capital Raises 20% More Than Originally Planned, For Wider Web3 Exposure

The venture capital company, Felix Capital just announced the raising of nearly $600 million with the specific intent to invest in Web3 and blockchain adjacent companies.

“We are thrilled to share that we have closed oversubscribed funds of $600m,” tweeted the corp after the fundraiser yesterday.

The raise was such a success, Felix was able to get 20% more than its original raise goal of $500 million, wrote the firm in a blog post.

Felix Capital is based out of London and is self-described as the venture capital for the “creative class,” they hold over $1.2 billion in assets following the raise.

“We are expanding our areas of interest, planning to grow our exposure to Web3, a new platform for creativity, community, and of course, entrepreneurship,” read the announcement post from Felix Capital.

The founder and investment partner of Felix Capital, Frederic Court, said the company is looking to invest in “25 companies” throughout North America and Europe, that align with shifting customer buying patterns, in an interview with Forbes.

Felix already has ties to crypto, with investments in Ledger, Sorare, the NFT-backed fantasy football game, and Lightspark, a Bitcoin lightning network company.

The other notable technology companies Felix Captial has backed are Forter, a payment processing platform, and Juni a banking platform.

With recent events in the industry, it's easy to forgive certain companies for taking steps back from the space, but Felix's money raise goes to show that there are still major players who see big potential.