Felix Capital, a London-based VC firm, has raised $600 million in its fourth fundraising spherical, this being its greatest but. The corporate, which has been investing in commerce and money-tooling startups, is planning to make use of a part of the funds raised to extend its Web3 publicity as a part of its new enterprise technique.
Felix Capital Consists of Web3 in Enterprise Plan
Enterprise capital companies from all around the world at the moment are turning their eyes to Web3, a brand new subject that intertwines the web and crypto. One such agency has been Felix Capital, a London-based VC firm that has expanded its marketing strategy to incorporate Web3 as a part of its present pursuits. With its newest fundraising spherical, the corporate obtained $600 million, surpassing its preliminary purpose of $500 million.
For the agency, that is its fourth and largest fundraise thus far, bringing its whole belongings below administration to $1.2 billion. In a weblog put up, the corporate defined that these funds shall be used to again one other 20 to 25 firms over the subsequent couple of years, throughout Europe and North America.
In regards to the inclusion of Web3 parts in its subsequent investments, the corporate acknowledged:
We’re increasing our areas of curiosity, planning to develop our publicity to Web3, a brand new platform for creativity, group, and naturally entrepreneurship. The urgency to reside a extra sustainable way of life shall be an more and more central theme, in line with our mission to companion with founders who wish to have a constructive impression on the world.
Frederick Courtroom, head of Felix Capital, believes that the present market downturn doesn’t have an effect on its operations as a result of the corporate’s investments are “essentially a long-term enterprise, and it takes a very long time to construct an ideal firm.”
A Web3 Funding Explosion
Web3 is changing into a recurrent theme for VCs that wish to increase their funding focus. Felix Capital is simply one of many companies that has declared intentions to again firms in the Web3 atmosphere, and quite a lot of different companies have additionally pivoted a part of their investments to this new subject.
On June 9, Solana Ventures, the funding arm of Solana, introduced it might allocate $100 million to help modern Web3-based merchandise and corporations in South Korea. Additionally, on June 3, Binance Labs reported on the launch of a $500 million fund centered on firms proposing to increase the capabilities of crypto utilizing blockchain and Web3 tech.
What do you consider Felix Capital’s $600 million Web3 fund? Inform us in the feedback part beneath.
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