Felicis raises $510m for its seventh fund

Felicis Ventures, an investor in Credit Karma, Emailage and Plaid, has wrapped up its seventh fund with $510m a 70 percent increase over the $300m it raised in 2018.

Menlo Park-based Felicis Ventures, an investor in Credit Karma, Emailage and Plaid, has wrapped up its seventh fund with $510 million in commitments. The firm said the fund was oversubscribed by 2x. Felicis, which invests in such sectors as fintech, healthtech, enterprise and consumer, raised just over $300 million for its previous fund in 2018.

Source: LinkedIn blog post by founder and managing director Aydin Senkut.