Felix Capital raises $600 million to invest in Web3 projects

British venture capital firm Felix Capital has raised $600 million for a Web 3.0-focused investmentfund.

The volume of the subscription exceeded the planned $500 million, the firm noted. The structure was launched in 2015. For her, this is the fourth fundraising, which brought the invested capital to $1.2 billion.

"We are broadening our areas of interest by deepening our familiarity with Web 3.0, a new platform for creativity, coexistence and, of course, entrepreneurship," the statement said.

With the new fund, Felix intends to support 20-25 companies over several years, mainly in Europe and selectively in North America.

The company's portfolio already includes representativescrypto industry. Among them are hardware wallet maker Ledger, fantasy football NFT platform Sorare, and Lightning Network technology startup Lightspark by David Marcus.

Recall that Ledger, together with venture capital firm Cathay Innovation, launched a €100 million fund to invest in Web 3.0 startups.