# Felicis Ventures

Felicis Ventures is a Venture Capital based in Menlo Park, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Menlo Park, United States
- **Region:** North America
- **Address:** Menlo Park, CA, United States
- **Founded:** 2006
- **Assets under management:** $4.1B (per firm website, 2026)
- **Website:** www.felicis.com
- **LinkedIn:** https://www.linkedin.com/company/felicis-ventures

## Regulatory record

- **CRD number:** 162301
- **SEC file number:** 802-74738
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/162301

## About

Felicis Ventures is a venture capital firm for iconic founders. It backs early-stage companies, with 94% of investments at Seed or Series A, and leads or co-leads the majority of its deals. Across 10 funds and 20 years the firm has $4.1B AUM; Felicis-backed startups have driven $300B+ in total market value and include 65+ unicorns.

## Sectors

- AI/ML
- Enterprise Software
- FinTech
- Health & Bio
- Cybersecurity
- Global Resilience & Energy
- Consumer & Commerce
- Infrastructure

## People

- Aydin Senkut — Founder, Managing Partner
- Peter Deng — Partner

## Questions

### Who runs investment decisions at Felicis Ventures?

Aydin Senkut is the Founder and Managing Partner. The firm operates a flat structure where conviction-driven decisions are made quickly, with the firm able to go from first meeting to term sheet in 24 hours. Peter Deng is also a named Partner on the firm's website.

### How does Felicis Ventures source proprietary deal flow?

The firm's primary source is referrals from existing founders. 80% of new Felicis-backed founders come from portfolio referrals, creating a closed-loop network that spans 40-plus countries. They also invest before consensus, acting on conviction in areas like sustainable compute and national security AI.

### Does Felicis participate in fund commitments or only direct deals?

The firm focuses entirely on direct startup investments, with 94% of its deals at the Seed or Series A stage. It leads or co-leads more than 83% of those investments and does not actively market a fund-of-funds or LP commitment program.

### What investment stages does Felicis Ventures typically target?

Seed and Series A. The firm states that 94% of its investments are made at these earliest stages, writing first checks before it is obvious a company will become a category leader.

### Which sectors does Felicis explicitly avoid?

The firm's website does not list avoided sectors. Its disclosed thesis centers on AI, enterprise, fintech, infrastructure, cybersecurity, global resilience, health, and consumer. Investments in heavy industrials or extractive industries are absent from the portfolio.

### How does Felicis's founder-support model work?

Felicis allocates 1% of every first check to direct founder support for coaching and leadership development. It also maintains a perpetual pledge to vote with founders on all board matters — it has never cast a vote against a founder — which governance partners cite as a structural guarantee rather than a marketing claim.

## Related profiles

- [Feleman](https://altss.com/profile/feleman)
- [Felix Capital](https://altss.com/profile/felix-capital)

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Last updated: 2026-08-11T15:06:42.396Z

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