April 21, 2024

Felix Capital raises $600M to invest in Web3

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Felix Capital raises $600M to invest in Web3

Venture capital firm Felix Capital announced that its investment fund now owns more than $1.2 billion.

Felix Capital has attracted
$600 million for investment in companies operatingon Web3 projects and blockchain. It is noteworthy that the fund’s initial goal was to raise $500 million, which, as the company says, once again confirms investors’ faith in this fast-growing industry.

The company's strategy will not change - its fundswill continue to fund the “digitalization of customer experience.” Over the next few years, Felix Capital plans to invest in 20-25 companies in Europe and North America. The company's sphere of interests will also expand, in particular on Web3, since this direction is considered the most promising.

"Felix was founded with the vision thatThe rapid change in consumer desires represents a huge opportunity and requires tremendous attention. Since then, we have built a portfolio in line with this vision, supporting new and culturally relevant consumer brands and the technologies behind them,” said Frederic Court, founder of Felix Capital.

Felix has invested in companies such as SellerX,Juni, Mirakl, ANINE BING and others specializing in consumer goods and travel. However, in addition, the company is investing in software provider Forter, developers of security systems and the Ledger cryptocurrency wallets of the same name, as well as in the creators of the Ethereum-based blockchain football game Sorare.

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Earlier, the crypto exchange Crypto.com and the blockchain ecosystem Cronos announced the creation of a $100 million fund for the development of decentralized finance (DeFi), metaverses and Web3.