Felix Capital Raises $600 Million For Crypto Investment

In a blog post made by Felix Capital, London-based VC firm, the outcome of their fourth fundraising round was announced to have resulted in $600 million funds being raised to invest into cryptocurrency and web3.

Felix Capital and its impact on the masses

According to their statement, the $600 million capital will be committed to funding the emergence of web3. They are looking to back about 20 – 25 other companies in their early and growth stages respectively, especially in North America, to promote cultural diversity and exposure to the emerging needs of the consumers.

In the past, post-pandemic year, Felix has been invested in the transformation of consumer needs through the backing of technologies and companies that directly impact people’s lifestyle both casually, recreational and professionally.

Felix Capital was launched in 2015 and has raised over $1.2 billion in seed rounds. Their vision, in a statement made by the firm’s founder and managing partner, Frederic Court, is to “establish that the rapid transformation of consumers’ behaviour represents a massive opportunity and needed focus.”

Over the years, it appears that Felix Capital has built a strong portfolio with their vision in mind and has successfully built lasting relationships with brands.

Crypto to thrive as billions are being invested by VC firms

Felix Capitals are not the only sharks interested in the digital sea of cryptocurrency, it seems. In the past year, a research conducted by CB insights, a business analytics platform, has pointed towards a 713% increase of VC funding, invested into the startup of blockchain.

In an interview session between Cointelegraph and a senior analyst at CB insights, Chris Bendsten, blockchain is not the only category covered in this report; other digital entities such as DeFi, decentralised finance, NFT, nonfungible tokens and cryptocurrency are also a part of the research analysis.

According to Chris’s analysis of the report, the biggest and most impactful amount of funding deals were closed in the fourth quarter of 2021. About 157 deals generated a whopping sum of $6.26 billion