Felicis Ventures has set out to raise $150 million for its fifth fund, according to a filing with the SEC.
Felicis Ventures V LP would be the firm’s largest vehicle to date. In January 2015, Felicis expanded the size of its fourth fund to $120.6 million from $96.4 million. It raised $71 million for its third fund, which closed in 2012.
Palo Alto, California-based Felicis invests between $100,000 to a few million dollars per each round in a company. It backed self-driving car company Cruise, which was recently acquired by General Motors in a deal reportedly worth $1 billion.