London-based Felix Capital raises €559.6M in 4th round, to back 20-25 companies in Europe and North America

London-based Felix Capital, a venture fund that backs digital commerce, digital media, and information technology companies, announced on Wednesday that it has raised $600M (approximately €559.64M) in its fourth round since its inception in 2015. The round exceeded the initial target of $500M (approximately €466.42M).

The firm has now doubled its total committed capital to over $1.2B and further validates its strategy and aim of building a top tier investment firm for the creative class.

Capital utilisation

Felix Capital says it will use the proceeds to back 20-25 companies in the next couple of years. It will invest in the early stages and thematically growth stages of companies across Europe and selectively in North America.

Felix Capital says it will grow its exposure towards Web3, a new platform for creativity, community, and entrepreneurship. The firm’s mission is to partner with founders who want to have a positive impact on the world.

Recently, two additional experienced investors, Maria Auersperg de Lera and Sophie Luck, and three new advisers, Maria Raga (Depop CEO), Musa Tariq (senior marketer with companies like Apple, Nike, Ford, and Airbnb), and Branko Milutinovi (founder and CEO of gaming business Nordeus), joined Felix Capital.

A venture capital firm for the creative class

Launched in 2015 by Antoine Nussenbaum and Frederic Court, Felix Capital claims to be a venture capital firm for the creative class, operating at the intersection of technology and creativity. The firm focuses on digital lifestyle, investing in emerging digital consumer brands and related enabling-technologies.

Frederic Court says, “Felix was established with the vision that the rapid transformation of consumers’ behaviour represented a massive opportunity and needed focus. Since then, we have built a portfolio in line with that strategy, backing emerging and culturally relevant consumer brands, as well as related enabling technologies that support them. We are proud of the growing community of founders who have trusted us, as we expanded our thematic lens across the transformation of the key segments of our personal and professional lives.”

Since its inception, Felix Capital has raised over $1.2B for early-stage and growth investments, and has already backed over 50 companies across Europe and North America. Some of its investments include Farfetch, an online marketplace for fashion and luxury; Mirakl, a SaaS platform for marketplaces; Mejuri, a modern jewellery brand; Juni, a digital financial companion for SMBs; Moonbug, a media platform for kids; yfood, an alternative nutrition brand; and TravelPerk, a modern corporate travel solution.

The firm’s growth strategy is to reinvest into its existing portfolio at key growth inflection points and into external companies within its core themes such as Forter (payments), Ledger  (Web3) and Sorare (gaming).