Felicis Closes $900M Fund X to Back Early-Stage AI Startups

Felicis Ventures, a prominent early-stage venture capital firm, has announced the closing of its largest fund to date, Fund X, with $900 million in capital. This milestone marks the 19th year for founder Aydin Senkut as an institutional investor, solidifying Felicis’s position as a key player in the venture capital landscape.

The new fund follows the successful closing of $825 million Fund IX in 2023 and $600 million Fund XIII in 2021, demonstrating Felicis’s continued growth and investor confidence. Specializing in seed and Series A investments, Felicis is renowned for its early backing of now-household names such as Ayden, Bonobos, Ring, Shopify, and Twitch.

Founded in 2006, Felicis has an impressive track record, having invested in over 50 unicorns and facilitated more than 125 exits. This new fund will enable the firm to continue its mission of identifying and supporting innovative startups with high growth potential.

In recent years, Felicis has strategically focused on artificial intelligence, with a significant portion of its portfolio now comprising AI-driven companies. Notable AI investments include Browser Use, Poolside, Runway, and Supabase.

Felicis emphasized its bullish outlook on the AI sector, stating in a blog post that it anticipates the emergence of numerous $100 billion+ AI companies within this decade. The firm estimates that 70% of its active portfolio consists of AI-native startups, highlighting its commitment to investing in the future of artificial intelligence.

With Fund X, Felicis is poised to further solidify its role as a leading early-stage investor, driving innovation and supporting the next generation of transformative companies in the AI and technology sectors.