Felicis, one of Silicon Valley’s most successful venture capital firms, has announced a new $900 million fund—Fund X—on the occasion of its 19th anniversary. This marks the largest investment fund the firm has raised to date. The company was founded by prominent Turkish-American investor Aydin Senkut, who also serves as its managing partner.
Felicis primarily invests in early-stage startups, particularly those in the seed and Series A rounds, that have innovative business models, high growth potential, and global market ambitions. Over the years, the firm has made early investments in major companies such as Ayden, Bonobos, Ring, Shopify, and Twitch, achieving more than 50 unicorns and over 125 successful exits. Following the launch of its $825 million Fund IX in 2023, the announcement of Fund X signals a stronger strategic focus on artificial intelligence technologies.
In recent years, the firm has increasingly directed its support toward AI-driven startups. Approximately 70% of the companies in Felicis’ investment portfolio define themselves as “AI-native,” meaning their core technologies are fundamentally built on artificial intelligence. Notable AI ventures in its portfolio include Browser Use, Poolside, Runway, and Supabase.
In its official statement, Felicis expressed a strong belief that the next decade will witness the emergence of not just billion- or ten-billion-dollar companies, but dozens of $100 billion AI enterprises. To realize this vision, the firm plans to expand its investments in artificial intelligence, technological infrastructure, healthcare, and cybersecurity.
Under the leadership of Aydin Senkut, Felicis stands out not only by offering financial support but also by building long-term relationships with founders and providing strategic guidance. This new fund is a clear indication of the company’s ambition to strengthen its position in the era of artificial intelligence.
