Felix Capital Secures $600 Million in Fourth Funding Round

Felix Capital, a London-based VC company, has raised $600 million in its fourth fundraising round. The company, which has been investing in commerce and money-tooling startups, is planning to use part of the funds to increase its Web3 exposure as part of its new business strategy.

This is Felix Capital's fourth and largest fundraise to date, bringing its total assets under management to $1.2 billion. In a blog post, the company explained that these funds will be used to back another 20 to 25 companies over the next couple of years, across Europe and North America.

About the inclusion of Web3 elements in its next investments, the company stated: "We are expanding our areas of interest, planning to grow our exposure to Web3, a new platform for creativity, community, and of course entrepreneurship. The urgency to live a more sustainable lifestyle will be an increasingly central theme, in line with our mission to partner with founders who want to have a positive impact on the world."

Frederick Court, head of Felix Capital, believes that the current market downturn doesn't affect its operations because the company's investments are "fundamentally a long-term business, and it takes a long time to build a great company."

Source: Bitcoin.com