Felicis

Felicis is a venture capital firm founded in 2006 by Aydin Senkut and headquartered in Menlo Park, California. The firm backs early-stage founders starting at Seed, with 94% of investments at Seed or Series A, and leads or co-leads more than 83% of its deals. Its four stated focus areas are Artificial Intelligence, Cybersecurity & Defense, Global Resilience & Energy, and Health & Bio. Felicis has raised ten flagship funds, closing its largest—FV X at $900M—in June 2025, bringing total AUM to $4.1B. The portfolio spans founders from 40+ countries and has produced 65+ unicorns and $300B+ in total market value across 140+ exits and IPOs. The firm pledges to always vote with founders on governance matters and allocates 1% of every first check to founder coaching and personal development. Warm introductions from portfolio founders are the primary sourcing channel (roughly 80–85% of new investments); cold outreach is accepted at hello@felicis.com.