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After a string of successes, early-stage fund Felicis raises fresh $900M | TechCrunch

Jun 12, 2025 - techcrunch.com
Felicis founder Aydin Senkut is marking his 20th anniversary as an early-stage investor by unveiling the firm's largest fund to date, a $900 million Fund X. This new fund follows the $825 million Fund IX raised in 2023 and the $600 million Fund XIII raised in 2021. Felicis, established in 2006, is renowned for its successful investments in companies like Ayden, Bonobos, Ring, Shopify, and Twitch. Over the years, the firm has backed more than 50 unicorns and achieved over 125 exits.

Recently, Felicis has been focusing heavily on AI, with 70% of its active portfolio consisting of AI-native startups. The firm's portfolio includes companies such as Browser Use, Poolside, Runway, and Supabase. Felicis expressed its belief that the current decade will see the emergence of numerous AI companies valued at over $100 billion. Aydin Senkut did not provide additional comments regarding the announcement.

Key takeaways:

  • Aydin Senkut is celebrating his 20th year as an institutional early-stage investor with the announcement of Felicis's largest fund yet, a $900 million Fund X.
  • Felicis previously raised an $825 million Fund IX in 2023 and a $600 million Fund XIII in 2021.
  • Felicis has backed over 50 unicorns and had over 125 exits since its founding in 2006.
  • 70% of Felicis's active portfolio consists of AI-native startups, reflecting its strong focus on AI investments.
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