Felix Capital Raises $600M to Invest in Web3 Projects

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UK-based venture capital company Felix Capital has raised $600 million for a Web 3.0-focused investment fund.

According to the firm, the volume of the subscription has exceeded the planned $500 million. The structure was launched in 2015. This is the fourth fundraising for it, which brought the invested capital to $1.2 billion.

According to the statement:

“We are expanding our areas of interest by deepening our exposure to Web 3.0, a new platform for creativity, coexistence and, of course, entrepreneurship.”

With the new fund, Felix intends to support 20-25 companies over several years, mainly in Europe and selectively in North America.