AI-first founders with conviction
Felicis closed Fund X in June 2025, raising $900 million—their largest fund yet. Over 93% of capital goes into seed and Series A deals, led or co-led by Felicis itself. The fund places strong emphasis on transformative AI, cybersecurity, infrastructure, global resilience, and health & biotech.
Over 70% of Felicis' active portfolio companies are AI-native, making them one of the most AI-concentrated funds in venture capital.
Felicis focuses on AI-first companies that are both horizontal platforms and vertical applications. Over 70% of their active portfolio is AI-native.
Security investments addressing new threats and opportunities created by AI.
Felicis considers infrastructure the "new railways of an AI-first future."
Defense and energy investments for global stability and security.
Healthcare and biotech investments leveraging AI for drug discovery and care delivery.
Source: Felicis Ventures
Last updated: June 12, 2025