Felix Capital, a London-based venture capital firm, has raised $150 million for its second fund, Felix Capital Fund II LP.
This past April a form D filed with the U.S. Securities and Exchange Commission revealed that the firm raised $55 million for its Felix Capital Fund II.
“This fund size is great for our strategy and team size, in line with our portfolio model and the opportunity we are going after,” Fredric Court, Felix Capital’s founder, wrote in a blog post. “Growing the fund size a bit enables us to bring new investors on board but also to have more flexibility on amounts, geography and portfolio diversification.”
In addition to news of the fund’s raise, Felix has also announced it has added Grita Loebsack, the former CEO of fashion leathergoods and emerging brands at Kering, to its advisory board.
It’s worth noting that Felix’s board is composed of 12 of the creative industry’s top executives with whom the fund co-invests including Stephanie Phair, head of strategy at Farfetch, Chloe Macintosh, co-founder Made.com and creative advisor Soho House and Sebastian Picardo, deputy president and COO at Lane Crawford.
The firm is led by Court, its founder and managing partner, and principal, Antoine Nussenbaum and its investment team that includes Carmen Alfonso Rico, Les Gabb and Phylia Phoon. Felix recently promoted its existing advisor Jon Kamaluddin as an operating partner and Antoine Nussenbaum, who joined Felix at its inception as a principal, to partner. Sasha Astafyeva has also joined the firm as a principal.
The team, which is looking to add an associate, runs the firm out of its outposts in Europe and the U.S., where it focuses on investing in companies in the creative space, with a particular focus on digital commerce, digital media and connected life, contributing $100,000 to $10 million to early stage investments.
The firm’s portfolio is comprised largely of fashion startups that live on digital platforms. Its portfolio of fashion tech, retail tech and lifestyle investments include Business of Fashion, RAD, Farfetch, Athos, goop, deliveroo, Frichti, Mirakl, Unmade, Peanut, Papier and Olpaic, which was acquired by Monotype last August.