London-based Felix Capital announced today that it has closed its second fund that will continue the firm’s focus on startups targeting creative industries.
The firm said the second fund of $150 million was oversubscribed and comes just two years after the Felix raised its first fund of $120 million. All together, Felix has raised $300 million.
“We started this with the conviction that there was an opportunity to build something that was more than just another general European venture capital fund,” said Felix co-founder and partner Frederic Court. “We wanted to position ourselves at the intersection of technology and creativity.”
The Felix announcement comes amid a flurry of other European VCs announcing new fund closing. That includes French VC firm Breega which has a new $113 million fund. And Iris Capital, a European VC firm headquartered in Paris, which closed a $280 million fund aimed at seed-to-growth stage startups.
Since its official start two years ago, Felix has focused on early-stage investments, primarily in Europe, but also including some in the U.S. Court said France has emerged as the firm’s top market, ahead of the U.K. and the U.S. It typically invests between $2 million to $5 million, but can go up to $10 million.
Felix’s investments include Farfetch, Gwyneth Paltrow’s goop, The Business of Fashion, Shine, and Olapic.
With the new fund, Felix also expanded its investment team to include entrepreneurs Sasha Astafyeva and Jon Kamaluddin.