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At a glance
Felicis Ventures appears in 14 funding rounds tracked by ValueAddVC since 2025, leading 6. Its most frequent sectors in these rounds are AI & Infrastructure and Defense & Space, and its most recent tracked deal was Arena's $200M Series B round (Oct 8, 2026). It co-invests most often with Lightspeed Venture Partners, Andreessen Horowitz and Sequoia Capital. ValueAddVC also tracks 10 funds managed by Felicis Ventures.
Strategy
Stages
SeedSeries A
Sectors
EnterpriseConsumerFintechAIClimate
Geographies
USAMenlo Park, California, USA
Check size
$500K-$20MRecent changes
- Oct 8, 2026Oct 8, 2026Follow-on: Invested in Arena (Series B, $200M) TechCrunch
- Sep 17, 2026Sep 17, 2026Invested in Magentic (Series A, $18M) PR Newswire
- Sep 5, 2026Sep 5, 2026Stages updated: Seed, Series A felicis.com
- Aug 17, 2026Aug 17, 2026Invested in Smack Technologies (Series B, $61M) Yahoo Finance
- Aug 13, 2026Aug 13, 2026Invested in Heaviside (Series B, $60M) Tech Funding News
Earlier changes (15)
- Jul 17, 2026Jul 17, 2026Invested in Singularity (Series A, $80M) Crunchbase News
- Jun 18, 2026Jun 18, 2026Ent.AI Emerges From Stealth With $100M Seed -- Sequoia and Felicis Back AI Endpoint Security Pulse story
- Jun 16, 2026Jun 16, 2026Invested in Ent.AI (Seed, $100M) SecurityWeek
- Feb 15, 2026Feb 15, 2026Invested in Runway (Series E, $315M) archyworldys.com
- Jan 14, 2026Jan 14, 2026Invested in Skild AI (Series C, $1.4B) Skild AI
- Jan 6, 2026Jan 6, 2026Follow-on: Invested in Arena (Series A, $150M) Wikipedia
- Oct 27, 2025Oct 27, 2025Invested in Mercor (Series C, $350M) Mercor
- Oct 3, 2025Oct 3, 2025Invested in Supabase (Series E, $100M) Supabase
- Jun 13, 2025Jun 13, 2025New fund: Felicis Ventures Venture Fund X ($900M) SEC EDGAR Form D
- May 2025May 2025Invested in Arena (Seed, $100M) Wikipedia
- Mar 2, 2023Mar 2, 2023New fund: Felicis Ventures Venture Fund IX ($825M) SEC EDGAR Form D
- Aug 20, 2021Aug 20, 2021New fund: Felicis Ventures Venture Fund VIII ($600M) SEC EDGAR Form D
- Mar 12, 2020Mar 12, 2020New fund: Felicis Ventures Venture Fund VII ($505M) SEC EDGAR Form D
- Aug 1, 2018Aug 1, 2018New fund: Felicis Ventures Venture Fund VI ($270M) SEC EDGAR Form D
- Apr 21, 2016Apr 21, 2016New fund: Felicis Ventures V ($200.586735M) SEC EDGAR Form D
Funds
10| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Felicis Ventures Venture Fund X | 2025 | $900M | Venture | As of Jun 13, 2025SEC EDGAR Form D |
| Felicis Ventures Venture Fund IX | 2023 | $825M | Venture | As of Mar 2, 2023SEC EDGAR Form D |
| Felicis Ventures Venture Fund VIII | 2021 | $600M | Venture | As of Aug 20, 2021SEC EDGAR Form D |
| Felicis Ventures Venture Fund VII | 2020 | $505M | Venture | As of Mar 12, 2020SEC EDGAR Form D |
| Felicis Ventures Venture Fund VI | 2018 | $270M | Venture | As of Aug 1, 2018SEC EDGAR Form D |
Show 5 earlier funds
| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Felicis Ventures V | 2016 | $200.586735M | Venture | As of Apr 21, 2016SEC EDGAR Form D |
| Felicis Ventures Fund V | 2016 | $200M | Flagship | As of 2016Value Add VC funds tracker |
| Felicis Ventures Venture Fund IV | 2014 | $120.558376M | Venture | As of Jan 15, 2015SEC EDGAR Form D |
| Felicis Ventures Fund IV | 2014 | $94M | Flagship | As of 2014Value Add VC funds tracker |
| Felicis Ventures Fund III | 2012 | $70M | Flagship | As of 2012Value Add VC funds tracker |
Portfolio
22 totalRecent Investment Activity
14Track record: led 6 and participated in 8 of 14 tracked venture rounds · 11 in the last 12 months · led 4 Series A, 1 Series B, 1 Series C
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Oct 8, 2026 | Arena | Series B | Participated | $200M | $3.1B | Lightspeed Venture PartnersLeadunverifiedKhosla VenturesLeadunverifiedSalesforce Venturesunverified01 AdvisorsunverifiedDell Technologies CapitalunverifiedEndeavor CatalystunverifiedAndreessen HorowitzunverifiedFelicis Venturesunverified | TechCrunch |
| Sep 17, 2026 | Magentic | Series A | Led | $18M | — | PR Newswire | |
| Aug 17, 2026 | Smack Technologies | Series B | Participated | $61M | — | Costanoa VenturesLeadunverifiedFirst InLeadunverifiedPoint72 VenturesunverifiedGeodesic CapitalunverifiedFelicis VenturesunverifiedSapphire VenturesunverifiedScribble VenturesunverifiedFortitude VenturesunverifiedBloomberg BetaunverifiedNomi CapitalPalumni VC | Pulse story |
| Aug 13, 2026 | Heaviside | Series B | Led | $60M | $600M | Felicis VenturesLeadHedosophiaMenlo VenturesCantos VCFriends & Family CapitalAnorak VenturesMVP VenturesFlume VenturesQstar Capital | Tech Funding News |
| Jul 17, 2026 | Singularity | Series A | Led | $80M | $400M | Khosla VenturesLeadFelicis VenturesLead | Pulse story |
| Jun 16, 2026 | Ent.AI | Seed | Participated | $100M | — | SecurityWeek | |
| Feb 15, 2026 | Runway | Series E | Participated | $315M | — | archyworldys.com | |
| Jan 14, 2026 | Skild AI | Series C | Participated | $1.4B | $14B | Skild AI | |
| Jan 6, 2026 | Arena | Series A | Led | $150M | ~$1.7B | Wikipedia | |
| Nov 12, 2025 | Exowatt | Series A extension | Participated | $50M | — | MVP VenturesLeadunverified8090 IndustriesLeadunverifiedFelicis VenturesunverifiedFlorida Opportunity FundunverifiedDeepWork CapitalunverifiedStepStone GroupunverifiedAtomicunverified | Business Wire |
| Oct 27, 2025 | Mercor | Series C | Led | $350M | $10B | Felicis VenturesLead | Mercor |
| Oct 3, 2025 | Supabase | Series E | Participated | $100M | — | AccelLeadunverifiedPeak XV PartnersLeadunverifiedFigmaunverifiedY CombinatorunverifiedCoatue ManagementunverifiedFelicis VenturesunverifiedCraft VenturesunverifiedSquare Pegunverified | Supabase |
| May 2025 | Arena | Seed | Participated | $100M | $600M | Wikipedia | |
| Apr 22, 2025 | Exowatt | Series A | Led | $70M | — | Felicis VenturesLead | GlobeNewswire |
Sector / Stage Activity
By sector (portfolio)
AI infra
6 · 27%
Defense
3 · 14%
Healthcare AI
2 · 9%
Cybersecurity
2 · 9%
Developer tools
2 · 9%
Robotics
2 · 9%
Energy / dispatchable solar for AI data centers
1 · 5%
Semiconductors
1 · 5%
Security tech
1 · 5%
By stage (tracked rounds)
Series A
4 · 29%
Series B
3 · 21%
Seed
2 · 14%
Series E
2 · 14%
Series C
2 · 14%
Series A extension
1 · 7%
Co-Investors
12Nvidia · 6 sharedSalesforce Ventures · 5 sharedAccel · 4 sharedLightspeed Venture Partners · 4 sharedSequoia Capital · 4 sharedCoatue Management · 3 sharedFidelity Investments · 3 sharedFounders Fund · 3 sharedAtomic · 1 sharedChingona Ventures · 1 sharedCrosspoint Capital Partners · 1 sharedStorm Ventures · 1 shared
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Latest Pulse
- Oct 8, 2026Arena Nearly Doubles To $3.1B In 10 MonthsThe AI leaderboard startup raised a $200M Series B led by Lightspeed and Khosla, nearly doubling its valuation from January as it pushes into AI-safety grading.→
- Aug 17, 2026Smack Technologies Raises $61M for Battlefield AISmack Technologies raised a $61 million Series B led by Costanoa Ventures and First In, bringing total funding past $90 million, months after the Pentagon labeled Anthropic a "supply-chain risk" and sent military branches scrambling for alternative AI vendors.→
- Aug 17, 2026Defense Tech's Funding Boom Still Has Room to RunAnduril's talks for a $100 billion valuation, up from $61 billion two months ago, are the headline, but the real story is how deep the defense-tech funding bench has gotten behind it.→
- Aug 13, 2026Heaviside's Valuation Jumps 21x in Three MonthsPrecision-munitions startup Heaviside raised a $60 million Series B at a $600 million valuation, more than 21 times its Series A price three months ago, and partnered with Norwegian defense manufacturer Nammo to supply warheads.→
- Aug 5, 2026Klaviyo Acquires Elias Torres' AI Startup AgencyKlaviyo agreed to acquire Agency, the three-year-old AI customer-success startup founded by Elias Torres, who backed Klaviyo's 2015 seed round as an angel and will now join as chief product officer.→
- Aug 3, 2026Singularity Emerges From Stealth With $80M for Air DefenseDefense startup Singularity emerged from stealth with an $80M Series A led by Khosla Ventures and Felicis at a $400M valuation, betting on next-generation air defense technology as venture defense-tech financing keeps accelerating.→
- Jul 27, 2026Defense-Tech Funding Keeps Defying GravityDefense-tech venture funding has already topped $14.6 billion in the first five months of 2026, surpassing the sector's entire 2025 funding record.→
- Jul 17, 2026Defense Startup Singularity Raises $80M at $400MDefense-tech startup Singularity raised an $80M Series A at a $400M valuation led by Khosla Ventures and Felicis, adding to a wave of LA-based defense startups drawing venture capital once reserved for software.→
- Jul 9, 2026Mercor in Talks for a $20B Valuation, Doubling in MonthsAI data-labeling startup Mercor is in talks to raise roughly $500 million at a $20 billion valuation -- doubling its worth in under a year -- with CEO Brendan Foody saying annualized revenue has crossed $2 billion.→
- Jun 29, 2026Arena, the AI Leaderboard Everyone Uses, Becomes a $100M Business Eight Months After LaunchArena, the crowdsourced AI model leaderboard that began as a UC Berkeley research project, disclosed on June 29 that it has reached $100 million in annualized run-rate revenue — up from $30 million in January — just eight months after launching its paid AI Evaluations product. The company has raised $250 million total, including a $150 million Series A in January at a $1.7 billion valuation.→
- Jun 29, 2026Arena, the AI Leaderboard Everyone Uses, Hits $100M Revenue Run-RateArena -- the crowdsourced AI-model leaderboard born as a UC Berkeley research project and now relied on across the industry -- has reached a $100 million annualized revenue run-rate, up from $30 million in January, on the back of its commercial AI-evaluations business. The company raised a $150 million Series A in January at a $1.7 billion valuation and has turned 10 million-plus human model comparisons into a paid product for labs and enterprises.→
- Jun 29, 2026Arena, the AI Leaderboard Everyone Uses, Is Now a $100M BusinessArena, the crowdsourced model-evaluation platform born as Chatbot Arena at UC Berkeley, hit $100 million in annualized run-rate revenue just eight months after launching its paid 'AI Evaluations' service. Its free public leaderboard -- built on more than 10 million head-to-head user votes -- has become the industry's default benchmark, and the company has parlayed that trust into a $1.7 billion valuation.→
- Jun 18, 2026Ent.AI Emerges From Stealth With $100M Seed -- Sequoia and Felicis Back AI Endpoint SecurityEnt.AI came out of stealth with a $100M seed round led by Decibel Partners, with Sequoia Capital and Felicis participating, to build AI-native endpoint security. A nine-figure seed signals how aggressively top funds are pre-empting the next category winners in AI security.→
- Jun 16, 2026Ent Raises $100M Seed to Defend Against AI-Enabled CyberattacksCybersecurity startup Ent raised a $100M seed -- enormous for the stage -- from Sequoia, Craft, Felicis, Crosspoint, Shield Capital and In-Q-Tel. The thesis: as attackers weaponize AI, defense has to be AI-native from day one, and that requires frontier-scale capital before product-market fit.→
- Jun 5, 2026Supabase Raises $500M Series F at $10.5B as Vibe Coding Drives a Database ExplosionOpen-source backend platform Supabase raised a $500 million Series F at a $10.5 billion valuation led by GIC, doubling its value in eight months. The growth is being driven by AI coding tools -- databases deployed are up 600% year-over-year, with Claude Code now its single largest source of new instances and AI agents spinning up the majority of them.→
Felicis Ventures FAQ
What is Felicis Ventures' latest fund?
Felicis Ventures Venture Fund X, closed at $900M (As of Jun 13, 2025; SEC EDGAR Form D).
How large are Felicis Ventures' funds?
Felicis Ventures funds Value Add tracks include Felicis Ventures Venture Fund X ($900M, 2025); Felicis Ventures Venture Fund IX ($825M, 2023); Felicis Ventures Venture Fund VIII ($600M, 2021); Felicis Ventures Venture Fund VII ($505M, 2020), out of 10 Felicis Ventures funds tracked in total.
What companies has Felicis Ventures invested in?
Felicis Ventures' portfolio includes Anthropic, Arena, Supabase, Teal Health, Crusoe, Magentic, and 16 more tracked companies.
Who does Felicis Ventures co-invest with most?
In the rounds Value Add tracks, Felicis Ventures most often invests alongside Nvidia (6 shared deals), Salesforce Ventures (5 shared deals), Accel (4 shared deals), Lightspeed Venture Partners (4 shared deals), Sequoia Capital (4 shared deals).
Sources & methodologyshow
Where these figures come from
- Business Wireprimary source1 fact
- Mercorprimary source1 fact
- PR Newswireprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.