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Felix Capital Raises $600 Million to Grow Web3 Exposure – Bitcoin News

by admin
June 11, 2022
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Felix Capital, a London-based VC firm, has raised $600 million in its fourth fundraising spherical, this being its largest but. The corporate, which has been investing in commerce and money-tooling startups, is planning to make use of a part of the funds raised to extend its Web3 publicity as a part of its new enterprise technique.

Felix Capital Consists of Web3 in Enterprise Plan

Enterprise capital companies from everywhere in the world at the moment are turning their eyes to Web3, a brand new subject that intertwines the web and crypto. One such agency has been Felix Capital, a London-based VC firm that has expanded its marketing strategy to incorporate Web3 as a part of its present pursuits. With its newest fundraising spherical, the corporate obtained $600 million, surpassing its preliminary objective of $500 million.

For the agency, that is its fourth and largest fundraise up to now, bringing its complete property below administration to $1.2 billion. In a weblog put up, the corporate defined that these funds will probably be used to again one other 20 to 25 corporations over the subsequent couple of years, throughout Europe and North America.

Concerning the inclusion of Web3 components in its subsequent investments, the corporate said:

We’re increasing our areas of curiosity, planning to develop our publicity to Web3, a brand new platform for creativity, group, and naturally entrepreneurship. The urgency to reside a extra sustainable life-style will probably be an more and more central theme, according to our mission to accomplice with founders who wish to have a optimistic influence on the world.

Frederick Courtroom, head of Felix Capital, believes that the present market downturn doesn’t have an effect on its operations as a result of the corporate’s investments are “basically a long-term enterprise, and it takes a very long time to construct an awesome firm.”


A Web3 Funding Explosion

Web3 is changing into a recurrent theme for VCs that wish to increase their funding focus. Felix Capital is simply one of many companies that has declared intentions to again corporations within the Web3 setting, and quite a lot of different companies have additionally pivoted a part of their investments to this new subject.

On June 9, Solana Ventures, the funding arm of Solana, introduced it will allocate $100 million to help modern Web3-based merchandise and firms in South Korea. Additionally, on June 3, Binance Labs reported on the launch of a $500 million fund centered on corporations proposing to increase the features of crypto utilizing blockchain and Web3 tech.

What do you concentrate on Felix Capital’s $600 million Web3 fund? Inform us within the feedback part under.

Sergio Goschenko

Sergio is a cryptocurrency journalist primarily based in Venezuela. He describes himself as late to the sport, getting into the cryptosphere when the worth rise occurred throughout December 2017. Having a pc engineering background, dwelling in Venezuela, and being impacted by the cryptocurrency increase at a social degree, he affords a unique standpoint about crypto success and the way it helps the unbanked and underserved.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any injury or loss precipitated or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

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