Felicis Ventures
UnclaimedAt a Glance
- Check Size
- $2M – $40M
- Stage
- Seed, Series A, Series B+
- AUM
- $3B
- Sectors
- AI, DevTools
- Founded
- 2006
- HQ
- Menlo Park, CA
About Felicis Ventures
Felicis Ventures is a venture capital firm based in Menlo Park, CA founded in 2006. Felicis backs founders building iconic companies that transcend boundaries. We invest directly in their growth to make them unbreakable. The firm focuses on Seed, Series A, Series B+ investments across sectors including AI, DevTools. The firm manages $2.4B in assets under management. Notable portfolio companies include Shopify, Fitbit, Canva, Credit Karma, Guardant Health, Notion, Docker and PagerDuty. Backs ambitious founders building category-defining companies across consumer, enterprise, and frontier tech from seed to growth stages.
Investment Thesis
“Backs ambitious founders building category-defining companies across consumer, enterprise, and frontier tech from seed to growth stages.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Key Team (3)
Fund History (5 funds)
| Fund | Vintage | Size | Status |
|---|---|---|---|
| — | $600M | — | |
| — | $340M | — | |
| — | $200M | — | |
| — | $75M | — | |
| — | $30M | — |
Fund History
Felicis began in 2006 as Aydin Senkut's solo angel vehicle and institutionalized in 2010. The fund series compounds almost without interruption: Fund II closed $40.0 million in 2010, Fund III $70.5 million in 2012, Fund IV $120.6 million in 2014, Fund V $200.6 million in 2016, Fund VI $270.0 million in 2018, Fund VII $505.0 million in 2020 and Fund VIII $600.0 million in 2021. Felicis Focus Fund I added $300.0 million from 92 investors in 2021 for concentrated later-stage positions. Fund IX closed $825.0 million from 111 investors in February 2023, and Fund X closed $900.0 million from 96 investors in May 2025.
Employee co-invest vehicles run alongside each flagship under the Felicis Associates name, from $2.75 million in 2018 to $14.1 million in 2021. Disclosed commitments across Funds VII through X and Focus Fund I alone total roughly $3.13 billion.
SEC Fund Filings
- Vehicles filed, last 24 months
- 2
- Latest filing
Felicis Ventures filed a Form D for 2 fund vehicles between Sep 26, 2024 and Sep 25, 2026.
| Fund vehicle | Source |
|---|---|
| F-LMA, L.P. | SEC Form D, filed |
| Felicis Ventures X, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Felicis Ventures by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Investment Timeline (11 deals)
2023
Shopify
Growth2022
Canva
Growth2021
Ro
Series C$500M2020
Notion
Series A$10M2019
Plaid
Series C$250M2018
Adyen
Growth2017
Credit Karma
Growth2016
Twilio
Series D+2015
Fitbit
Series C2014
Rovio
Growth2013
Mint
Series BTeam (1)
Related Articles (1)
Frequently Asked Questions
What stage does Felicis Ventures invest at?
Felicis Ventures primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
Where is Felicis Ventures located?
Felicis Ventures is headquartered in Menlo Park, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Felicis Ventures focus on?
Felicis Ventures focuses on investments in AI, DevTools. Their portfolio reflects deep expertise and networks within these sectors.
What is Felicis Ventures's typical check size?
Felicis Ventures's typical investment check size ranges from $2M to $40M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Felicis Ventures have under management?
Felicis Ventures manages approximately $3B in assets under management (AUM) across their funds.
Similar Firms
Fund Operations Resources
Running a fund like Felicis Ventures? Independent guides to the software and processes emerging managers use to operate.
Best Fund Administration Software
Independent breakdown of fund administration platforms by fund size.
LP Reporting Software
Tools for capital account statements and investor updates.
Portfolio Monitoring Tools
How GPs track company performance across the portfolio.
VC CRM Software
Deal-flow and relationship management for investors.
Related tools and reading
The operating system for private capital.
Archstone runs the back office for venture, PE, real estate, and credit funds — LP reporting, capital calls, portfolio tracking, and fund accounting, in one platform. Now in alpha.