Investing / #ForbesInvesting



July 6, 2017,   7:34 PM

Felix Capital Raises $150m VC Fund Despite Brexit Uncertainties

Amro Elserty

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The London-based venture capital fund, Felix Capital, has raised $150 has expanded its portfolio by raising $150 during its second funding round.

The firm focuses on a number of online businesses, most notable Hollywood actress Gwyneth Paltrow’s Goop, which is an online store that offers articles on wellness and sells online products like cosmetics.

The fundraising came despite earlier speculations that the UK’s exit from the European Union could repel investors from injecting British firms with money.

“Customers are attracted to brands that resonate online - that’s the secular trend we’re eyeing, as well as anything related to well-being and technology helping you be happier or more fit,” Felix Capital founder Frederic Court, said.

While Brexit will help tech hubs other than London emerge, as less entrepreneurs create their business in the UK, Felix already invests mostly in French and US startups and won’t change its strategy, he added.

Court did not reveal his firm’s latest investors, as the funding round is the venture’s second after it had raised $120m in 2015.

“London remained the leading European tech city,” Court concluded.

To read this article in Arabic, follow this link.



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