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Felicis

North America, California, United States, Menlo Park

Description

Felicis is a prominent venture capital firm based in Menlo Park, California, known for its multi-stage investment strategy spanning from Seed to Series C. The firm has established itself as a significant player in the venture ecosystem, consistently backing innovative companies across various sectors, including frontier technology, enterprise software, consumer, and healthcare. With a philosophy centered on supporting "founders of the future," Felicis aims to partner with visionary entrepreneurs building category-defining businesses.

The firm's investment approach is characterized by its flexibility in stage and sector, allowing them to engage with companies at critical junctures of their growth. Felicis typically writes initial checks ranging from $1 million for early-stage opportunities up to $20 million for later-stage Series B or C rounds, demonstrating their capacity to support companies through significant growth phases. This broad check size range is supported by substantial capital, with their most recent fund, Felicis Ventures IX, closing at an impressive $825 million in 2023, further solidifying their ability to make impactful investments and follow-on commitments.

Felicis prides itself on being a founder-first firm, offering not just capital but also strategic guidance and operational support to its portfolio companies. Their team leverages deep industry expertise and an extensive network to help entrepreneurs navigate challenges and accelerate growth. Over the years, Felicis has built a strong track record of identifying and nurturing successful ventures, contributing to the development of numerous high-growth companies that have gone on to achieve significant milestones and exits. Their long-term partnership approach aims to foster enduring relationships with founders, providing sustained value beyond the initial investment.

Investor Profile

Felicis has backed more than 678 startups, with 41 new investments in the last 12 months alone. The firm has led 155 rounds, about 23% of its total and boasts 163 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Australia, Canada.
  • Strong thematic focus on Software, SaaS, Artificial Intelligence (AI).
  • Led 25 rounds in the past year.
  • Typical check size: $1M – $20M.

Stage Focus

  • Seed (31%)
  • Series A (30%)
  • Series B (18%)
  • Series C (8%)
  • Series Unknown (5%)
  • Series D (4%)
  • Angel (2%)
  • Series E (1%)

Country Focus

  • United States (91%)
  • Australia (3%)
  • Canada (2%)
  • Germany (1%)
  • United Kingdom (1%)

Industry Focus

  • Software
  • Saas
  • Artificial Intelligence (Ai)
  • Health Care
  • Information Technology
  • Enterprise Software
  • Analytics
  • E-commerce
  • Machine Learning
  • Internet
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Felicis frequently co-invest with?

First Round Capital
North America, California, United States, San Francisco
Co-Investments: 55
Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 34
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 34
Google Ventures
North America, California, United States, Mountain View
Co-Investments: 29
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 39
SV Angel
North America, California, United States, San Francisco
Co-Investments: 62
Uncork Capital
North America, California, United States, San Francisco
Co-Investments: 26
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 42
Founders Fund
North America, California, United States, San Francisco
Co-Investments: 46
Khosla Ventures
North America, California, United States, Menlo Park
Co-Investments: 30

Which angels does Felicis often collaborate with?

RC
North America, California, United States, San Francisco
Shared Deals: 10
LG
North America, California, United States, San Francisco
Shared Deals: 8
PB
North America, California, United States, Mountain View
Shared Deals: 12
KR
North America, Florida, United States, Miami
Shared Deals: 8
GH
North America, California, United States, Palo Alto
Shared Deals: 13
RT
North America, California, United States, San Francisco
Shared Deals: 12
AH
North America, California, United States, San Francisco
Shared Deals: 12
NR
North America, California, United States, San Francisco
Shared Deals: 10
FN
North America, California, United States, Menlo Park
Shared Deals: 7
EG
North America, California, United States, San Francisco
Shared Deals: 16

What are some of recent deals done by Felicis?

Automat AI

San Francisco, California, United States

Automat offers robotic process automation for Chrome using GPT4 and computer vision.

Artificial Intelligence (AI)Developer ToolsRobotic Process Automation (RPA)
Series ANov 19, 2025
Amount Raised: $15,500,000
Poly

San Francisco, California, United States

Poly is an artificial intelligence company that offers a platform for personal cloud storage.

Artificial Intelligence (AI)Cloud StorageData Storage
SeedNov 19, 2025
Amount Raised: $8,000,000
Sphere

San Francisco, California, United States

Sphere is an AI-powered cross border compliance platform

Artificial Intelligence (AI)FinanceTax Preparation
Series ANov 18, 2025
Amount Raised: $21,000,000
Runlayer

Newyork, Argyll and Bute, United Kingdom

Runlayer secures MCP AI deployments for enterprises using custom threat detection, fine-grained permissions, and full observability.

Artificial Intelligence (AI)FinanceHealth CareInternet of Things
SeedNov 17, 2025
Amount Raised: $11,000,000
Luminal

San Francisco, California, United States

Luminal provides a machine learning compiler and serverless cloud platform that automates PyTorch model optimization and deployment.

Artificial Intelligence (AI)Developer PlatformDeveloper ToolsInformation TechnologyMachine LearningSaaSSoftware
SeedNov 17, 2025
Amount Raised: $5,300,000
Exowatt

Miami, Florida, United States

Powering AI with 24-hour Dispatchable Solar

Artificial Intelligence (AI)Data CenterEnergyEnergy StorageRenewable Energy
Series ANov 13, 2025
Amount Raised: $50,000,000
Hepta Bio

San Francisco, California, United States

Hepta Bio detect, monitor, and direct the most effective liver treatment.

BiotechnologyHealth CareMedical
SeedNov 5, 2025
Amount Raised: $6,700,000
DeepJudge

Zürich, Zurich, Switzerland

DeepJudge is an AI platform for legal professionals that enhances access to internal knowledge and documents within law firms.

Artificial Intelligence (AI)Legal TechMachine LearningSoftware
Series ANov 4, 2025
Amount Raised: $42,000,000
ConductorOne

Portland, Oregon, United States

ConductorOne is an AI-native identity security platform that enables organizations to manage human, non-human, and AI identities.

Artificial Intelligence (AI)Cyber SecurityIdentity ManagementSoftware
Series BOct 28, 2025
Amount Raised: $79,000,000
Mercor

San Francisco, California, United States

Mercor is an AI-based hiring platform that improves the recruitment process by matching talent with opportunities tailored to their skills.

Artificial Intelligence (AI)EmploymentMachine LearningRecruitingSoftware
Series COct 27, 2025
Amount Raised: $350,000,000