Description
Felicis is a venture capital firm with a 20-year track record of backing founders who rewrite the rules, with early investments in companies such as Shopify, Canva, Notion, Adyen, and Runway. The firm focuses on four core areas: Artificial Intelligence, Cybersecurity & Defense, Global Resilience & Energy, and Health & Bio, and says it leads or co-leads more than 83% of its investments, with 94% being Seed or Series A rounds. Felicis backs early-stage founders from more than 40 countries, and reports that Felicis-backed startups have driven over $285B in total market value, with more than 50 companies reaching unicorn status (11% of its portfolio, versus a 1% industry average). The firm emphasizes speed and conviction, at times moving from first meeting to term sheet in 24 hours, and notes that 80% of new Felicis-backed founders come from portfolio referrals.