After a string of successes, early-stage fund Felicis raises fresh $900M

Felicis Capital, under the leadership of founder Aydin Senkut, is marking a significant milestone as it announces the launch of its largest fund to date: a substantial $900 million Fund X. This announcement coincides with the celebration of Senkut's two-decade journey as a prominent institutional early-stage investor. The new fund follows a successful track record, building on the $825 million raised in Fund IX in 2023 and the $600 million from Fund VIII in 2021. Felicis, specializing in seed and Series A investments, has a reputation for identifying and nurturing a plethora of successful companies, including notable names like Ayden, Bonobos, Ring, Shopify, and Twitch. Since its inception in 2006, the firm has supported over 50 unicorns and recorded more than 125 exits, showcasing its impactful presence in the investment landscape. In recent years, Felicis has turned its focus toward the burgeoning field of artificial intelligence. The portfolio now features innovative companies such as Browser Use, Poolside, Runway, and Supabase. In a recent blog post, the firm expressed its belief that this decade could see the emergence of numerous AI firms valued at over $100 billion, rather than just the traditional $1 billion or $10 billion marks. Impressively, 70% of Felicis's active portfolio is comprised of what they classify as AI-native startups. Aydin Senkut has yet to provide further comments regarding this new fund.