VC firm
Felicis
Also known as Felicis Ventures, Felicis Ventures Management Company, LLC
- Investor type
- VC
- Investing status
- Activeas of 2026-09-28Source (opens in a new tab)
- Headquarters
- Menlo Park, CA, United States
- Assets under management
- $4.1BStated by firm, as of 2026-09-17Source (opens in a new tab)
- Latest fund size
- $900MSEC amount sold, as of 2025-06-13Source (opens in a new tab)
- Funds
- 24
- Legal name
- FELICIS VENTURES MANAGEMENT COMPANY, LLC
- felicis.com (opens in a new tab)
- LinkedIn (opens in a new tab)
- X (opens in a new tab)
- Team page (opens in a new tab)
Claim, correct or request removal
Record updated 28 September 2026
About
Felicis is a venture capital firm that backs early-stage founders, investing across Artificial Intelligence, Cybersecurity & Defense, Global Resilience & Energy, and Health & Bio. The firm states that 94% of its investments are Seed or Series A, that it leads or co-leads more than 83% of its investments, and that it has backed founders from 40+ countries. Felicis has raised ten flagship funds (FV I–FV X) plus a Focus Fund, with .1B in assets under management as of 2026.
Investment approach
- Thesis
- Founding a company is an act of bravery. We are the true believers in founders who have the imagination, courage, and discipline to defy the odds and build something extraordinary.Source (opens in a new tab)
- Leads rounds
- Sometimes
- Lead policy
- We lead or co-lead more than 83% of our investments.
- Takes board seats
- Yes
- Board policy
- 0 board votes against our founders.
- Investing status notes
- About page timeline shows fund FV X (00M, 2025) and cumulative AUM of .1B under "FV 1-10" for 2026, the site's most recent year, indicating the firm is actively investing.
Funds
- Felicis Ventures X, L.P.
- $900MVintage 2025, Main fund, Closed, SEC amount sold
- Felicis Ventures IX, L.P.
- $825MVintage 2023, Main fund, Closed, SEC amount sold
- Felicis Ventures VIII, L.P.
- $600MVintage 2021, Main fund, Closed, SEC amount sold
- Felicis Focus Fund I, L.P.
- $300MVintage 2021, Main fund, Closed, SEC amount sold
- Felicis Associates Fund VIII, L.P.
- $14.1MVintage 2021, Main fund, Closed, SEC amount sold
- Felicis Associates Focus Fund I, L.P.
- $7MVintage 2021, Main fund, Closed, SEC amount sold
- Felicis Ventures VII, L.P.
- $505MVintage 2020, Main fund, Closed, SEC amount sold
- Felicis Associates Fund VII, L.P.
- $10.1MVintage 2020, Main fund, Closed, SEC amount sold
- Felicis Ventures VI, L.P.
- $270MVintage 2018, Main fund, Closed, SEC amount sold
- Felicis Associates Fund VI, L.P.
- $2.8MVintage 2018, Main fund, Closed, SEC amount sold
- Felicis Ventures V, L.P.
- $201MVintage 2016, Main fund, Closed, SEC amount sold
- Felicis Ventures V, L.P.
- $201MVintage 2016, Main fund, Closed, SEC amount sold
- More funds
- 12 more recorded
SEC registration
- Registered adviser
- FELICIS VENTURES MANAGEMENT COMPANY, LLC
- CRD number
- 162301 (opens in a new tab)
- SEC file number
- 802-74738
- Registration
- Exempt reporting adviser
- Regulatory AUM
- $6.7Bas of 2026-03-30
- Private funds reported
- 22
- Principal office
- MENLO PARK, CA, United States
Locations
- Headquarters
- Menlo Park, CA, United States
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