Felicis closes sixth fund on $270m

Oscar Geen
13 August 2018

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San Francisco-based VC firm Felicis Ventures has held a final close on $270m for its sixth fund since launching in 2006.

Felicis has a global investment mandate and has previously invested in 40 countries, including 20 European nations. It recently announced its third $1bn+ exit of the year with the IPO of dutch payments business Adyen, valuing the firm at $8.3bn.

The firm has simultaneously announced the appointment of Victoria Treyger – formerly of Kabbage, Amazon and American Express – as a managing director. Additionally, Dasha Maggio and Katie Riester have been promoted to partner, and Niki Pezeshki has been promoted to principal.

Felicis Ventures VI is almost a third larger than its predecessor, which held a final close on $200m in 2016. The firm has rapidly increased its fund size since closing Felicis Ventures I on $4m in 2006.

Investors
Two women's colleges and a scholarship fund for minority students have committed to the sixth fund. Felicis said this is the result of the appointment of Katie Riester as head of investor relations.

Investments
The new fund will back companies from seed through to series-C, investing between $500,000-10m over multiple rounds. It will invest globally; the firm has previously backed startups from 40 different countries on six continents.

People
Felicis Ventures – Aydin Senkut (founder).