· investment-strategies · 1 min read
June 2025 Mega Fund Close: Felicis Closes $900M Fund X for AI-First Investing
Menlo Park-based Felicis closed its tenth fund at $900 million on June 13, 2025, targeting AI-first platforms, cybersecurity, defense, energy, and healthtech at seed and Series A.
Felicis closed Fund X at $900 million on June 13, 2025 — one of the largest seed/Series A vehicles closed in June 2025 globally.
Key facts
- Firm: Felicis
- Date announced: June 13, 2025
- Fund: FV X (10th fund)
- Size: $900 million
- Stage: Seed and Series A (lead or co-lead)
- HQ: Menlo Park + San Francisco
- Founded: 2006
Investment themes
AI-first companies (horizontal platforms + vertical apps), cybersecurity, broad infrastructure, global resilience (defense, energy), health and biotech.
Track record highlights
- 50+ companies now valued at $1B+
- 125+ acquisitions or IPOs
- $220B+ portfolio market value captured
- Top 8 VC firms backing 8 mega-unicorns ($5B+ exits) at Seed/A/B in last decade
Team
Aydin Senkut, Viviana Faga, Sundeep Peechu, Victoria Treyger, Niki Pezeshki, Astasia Myers
Why this matters for NYC founders
Felicis actively invests in NYC companies and sets the bar for multi-thesis seed/Series A deployment in AI, defense, and health — relevant for NYC founders raising alongside local funds like Boldstart and Betaworks.
Sources
- VCWire (June 13, 2025): https://vcwire.tech/2025/06/13/felicis-closes-10th-fund-at-900m/