FV X $900M

The biggest wave in tech history is upon us. We have raised our largest fund yet to back those who are brave and daring enough to imagine the radically new.

Luck isn’t made, it’s engineered

We back founders building iconic companies that transcend boundaries. We invest directly in their growth to make them unbreakable.

Success & Impact on a Global Scale Since 2006

$220B+

Total Market Value Captured

$100B+

Total Exit Market Cap

19

IPOs

100+

Exits

What founders say about us

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Focus areas

We invest across areas, but this is what's capturing our attention right now.

What kind of companies do you invest in?

Our mission is simple: back companies inventing the future. The most iconic ideas defy boundaries: they emerge from diverse teams in every corner of the globe, and they catalyze change across all facets of the economy—from healthcare breakthroughs to the next generation of AI tooling. This is why we seek out trailblazing founders around the world and across all sectors and stages.

We invest in companies right before things take off, and many recent investments have seen their ARR explode 20-100x right after we partnered with the team. Semgrep scaled from scanning thousands of lines of code monthly to over 100 million annually. Supabase grew from 100K developers to more than 2 million users. Prenuvo expanded from 7 clinics to 40+ locations open or in development with over $100M in ARR. Runway started with a vision to reimagine creativity with AI and now defines the next era of motion pictures, empowering creators worldwide to make magic in an instant and win Academy Awards.

Explore our full mission statement.

What’s your investment process like?

We don’t take meetings for the sake of taking meetings. Our approach to meeting founders is deliberate: we come to each meeting with conviction in a space and optimism in a team’s solution. You can expect our first session together to focus on what you’re building, as opposed to covering the foundations of your category or proving out your problem statement. We’ll also spend time getting to know one another and leaning into connection, which is at the core of how we work with founders.

How do you support founders?

Our goal is to provide value long before any formal partnership is penned, and we’re committed to continually proving our value throughout the years of our partnership. We do this by listening carefully to what founders say they need most. It’s not uncommon for Felicis partners to deliver customer research one day and make meaningful introductions to top ML engineers or 4-star generals the next. Our partners build out pricing models and GTM plans and help navigate founder dynamics. Partnering with Felicis gives you access to our entire team of operators, who are prepared to assist with your most significant needs.

Read what founders have to say about working with us.

What’s unique about Felicis?

We are built to act fast and pride ourselves on offering the rare combo of speed and substance. We give founders what they need to accelerate into the growth curve and steepen the slope of their breakaway moment. We always vote our shares alongside founders. We commit 1% on top of every first check to founder performance, from coaching to therapy, and more. It builds the trust required to make the toughest calls together. We don’t disappear when things get hard. In fact, we lean in harder to give founders the courage and capital to keep building because that’s when breakthroughs happen. Our goal is to help founders perform at their highest level and keep control of the company while doing it.

Who are your limited partners?

Since our inception in 2010, we’ve curated a base of limited partners composed only of world-positive institutions—and we exclude organizations with questionable humanitarian or ethical practices. Our limited partners use the returns we generate to fight for social equity, conduct cancer research, and save the environment. 

To date, our returns have helped our limited partners:

  • Fund research for over 200 Nobel Laureates
  • Provide college scholarships for over 500,000 historically marginalized students
  • Improve childhood cancer survival rates by 4X
  • Protect over 100,000 acres of land (including 12% of the Amazon rainforest) 

The missions of our limited partners inspire our entire team, including the founders with whom we have the privilege of partnering. 

Learn more about our LPs here.

Insights