With a string of hits behind it, Felicis Ventures wraps up its newest fund with $510 million

Felicis Ventures, the early-stage, Menlo Park-based venture firmed founded nearly 15 years ago by Aydin Senkut, has closed its seventh and newest fund with $510 million in capital commitments.
That’s almost twice what Felicis raised for its last fund, which had initially closed in 2018 with $270 million in capital commitments but wound up garnering $310 million when all was said and done. As notably, both funds are a far leap from where Felicis started in 2006, when Senkut, a former international sales exec with Google, decided to try his hand at investing using $4 million of his own capital.
Of course, every venture fund has grown bigger in recent years as more institutions have looked to find more ways into what’s been a fast-ballooning private company market. Indeed, until fears over the coronavirus abruptly began upending lives around the globe, the market and the money had largely moved in one direction since 2008. It’s natural to wonder whether there’s anything particularly different happening at Felicis or if its boat has risen along with the tide.
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