Felicis Ventures logo

Felicis Ventures

Institutional venture firmSEC venture capital fund adviserRaising· Menlo Park, Californiafelicis.com

Felicis is a venture capital firm that backs iconic founders starting at Seed. Early believers in Notion, Canva, Shopify, n8n, Supabase, Mercor, and more.

In the firm's own words, from its website.

Reported fund assets
$6.7B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
10
Investment team
21
Latest vintage
2025
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

54 additional team members, 37 additional co-investors and affiliates, 153 additional investments, funds and LPs, 46 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 10 companies
    new in 12 months

    10 new companies in the last 12 months.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 2 departures
    people, 12 months

    A team member departed (seen on or before 30 Sep 2026, the day it happened is not on record). 2 departures on record in 12 months.

    A partner leaving or arriving changes who decides, and who a founder or LP should call.

    InferenceVenture organization websites (about, team, portfolio, thesis, news pages)For Founders, LPs, recruitersTeam →
  3. 2 companies
    portfolio raising

    2 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 13 May 2026 ($650M sold on Form D).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →
  4. 7 deals
    with Sequoia Capital

    Invests most often alongside Sequoia Capital (7 shared deals) and LUX Capital Management (6 shared deals).

    pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
  5. 1 of 6
    enter at seed or A

    Enters mostly at seed to Series A: 5 of 6 first entries on record, in line with the seed, series a, early stage its site states.

    rounds to 24 Jun 2026 · Tells a founder whether their round is one this firm writes.

    Derived6 rounds with a stated stage, against the firm's siteFor FoundersInvestments →

People to know

View all people
  • Managing Director & General Partner
    Why: General partner: carries the investment decision
    No route on file yet
  • Managing Director and General Partner
    Why: General partner: carries the investment decision
    No route on file yet
  • Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet

Relationship network

258 connected entities17 observed rounds3 repeat counterparties6 dated rounds shown here, 2013 to 2026

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Felicis Ventures: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Felicis Ventures

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

119 companies on record, 10 new in 12 months

Investments on record

119 companies, 9 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Adyenportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Arenaportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Assort Healthportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website

Stated thesis versus observed behaviour

125 observed deals
Stated (the firm’s website)
Sectors
ai, enterprise software, healthcare, consumer, climate, energy, hardware, defense, cybersecurity
Stages
seed, series a, early
Geography
global
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series a 67%seed 17%series b 17%
Stage at first entry
series a 67%seed 17%series b 17%
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (1)
lead rate 40%follow-on rate 7%new companies, 12 months 10

Team

50 current, 10 departed

Decision makers

who to call first, and why; then everyone else by function
  • Katie Riester · Managing Director & General Partner
    Why this person: General partner: carries the investment decision; Named with investment responsibility
  • Michelle Delcambre · Managing Director and General Partner
    Why this person: General partner: carries the investment decision; Named with investment responsibility
  • Sundeep Peechu · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

50 current, 10 departed
12 departed (kept with end dates)
  • Jake Storm · General Partner · ? to Sep 30, 2026 Inference
  • Kristin Beach · Member, Felicis Ventures Gp Vii, Llc · Mar 1, 2020 to Mar 30, 2022 Inference
  • Nicholas Pezeshki · Managing Director - Felicis Ventures Gp Viii, Llc · Jul 1, 2021 to Mar 27, 2024 Inference

Contacts

1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

23 vehicles, 0 LPs disclosed

Funds and vehicles

23 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Felicis Ventures X, L.P.Fund2025 form d first saleNewly closed$890M
Mar 30, 2026
93$900M
of $900M
Jun 13, 2025
F-Lma, L.P.Fund2025 form d first saleNewly closed$41.9M
Mar 30, 2026
4$42.0M
of $42.0M
Dec 31, 2025
Felicis Ventures Ix, L.P.Fund2023 form d first saleActive deployment$1.2B
Mar 30, 2026
111$825M
of $825M
Mar 2, 2023

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

24 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Hess Philanthropic FundFOUNDATIONFelicis Focus Fund I, L.P.$1.1M
fair value on the foundation's return
reported as of Nov 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Hess Philanthropic FundFOUNDATIONFelicis Ventures Ix, L.P.$800,716
fair value on the foundation's return
reported as of Nov 30, 2025Fact IRS Form 990 / 990-PF e-file returns
Hess Philanthropic FundFOUNDATIONFelicis Ventures Viii, L.P.$1.4M
fair value on the foundation's return
reported as of Nov 30, 2025Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

153 co-investors · on 1 other DFX graph

Co-investors

153 counted from shared deals, for the whole firm
Across DFX and the capital chainon 1 other DFX graph · 7 capital paths Show
Across DFX
Across the graphs

Felicis Ventures is the same institution as 1 record in Allocators.

Allocators1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Capital chain

Felicis Ventures sits on 7 traced paths of capital across the graphs.

Allocator commitments to a manager

DFX traced 7 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

51 dated events, 83 observations from 3 sources

Timeline

51 dated events
  1. seen on or beforeSep 30, 2026
    Jake Storm (General Partner) no longer on the team page of Felicis Ventures
    Person leftPeopleInferenceJake StormFirm website
  2. Mar 30, 2026
    Clover-M LLC first reported on Form ADV by Felicis Ventures (Venture Capital Fund), GAV $99,811,920
    Fund first reported on Form ADVFundsInferenceClover-M LLCForm ADV
  3. Mar 30, 2026
    F-Lma L.P. first reported on Form ADV by Felicis Ventures (Venture Capital Fund), GAV $41,906,074
    Fund first reported on Form ADVFundsInferenceF-Lma, L.P.Form ADV
  4. Mar 30, 2026
    Felicis Community Fund III, LLC first reported on Form ADV by Felicis Ventures (Venture Capital Fund), GAV $265,369
    Fund first reported on Form ADVFundsInferenceFelicis Community Fund III, LLCForm ADV
  5. Mar 30, 2026
    Felicis Ventures X, L.P. first reported on Form ADV by Felicis Ventures (Venture Capital Fund), GAV $890,240,120
    Fund first reported on Form ADVFundsInferenceFelicis Ventures X, L.P.Form ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 22 private fundsShow
Headquarters
Menlo Park, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 30, 2026
Private funds reported
22 (22 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$6.7Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried4 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $6.7B across 23 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $4.8B across 21 vehicles
  3. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $4.2B across 19 vehicles
  4. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $4.2B across 17 vehicles

Evidence

84 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 30, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserDec 11, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2026FactForm ADV
SEC adviser typeExempt reporting adviserDec 11, 2024FactForm ADV
First Form ADV filing2012-03-21Mar 30, 2026FactForm ADV
First Form ADV filing2012-03-21Dec 11, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2024-12-11Dec 11, 2024FactForm ADV
SEC statusERA - ActiveMar 30, 2026FactForm ADV
SEC status effective2012-03-21Mar 30, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2026FactForm ADV
Venture share of reported funds1Dec 11, 2024FactForm ADV
Business phoneMar 30, 2026FactForm ADV
Business phoneDec 11, 2024FactForm ADV
Contact page urlSep 30, 2026Fact
Contact page urlSep 16, 2026Fact
DescriptionSep 30, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 12, 2026Fact
HeadquartersMar 30, 2026FactForm ADV
HeadquartersDec 11, 2024FactForm ADV
Office addressMar 30, 2026FactForm ADV
Office addressDec 11, 2024FactForm ADV
Legal formLimited Liability CompanyMar 30, 2026FactForm ADV
Legal formLimited Liability CompanyDec 11, 2024FactForm ADV
Portfolio pageSep 30, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 12, 2026Fact
Private funds reported22Mar 30, 2026FactForm ADV
Private funds reported22Mar 30, 2026FactForm ADV
Private funds reported18Dec 11, 2024FactForm ADV
Private fund gross assets (reported)$6.7BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$6.7BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$4.8BDec 11, 2024FactForm ADV
Schedule a diffsadiff-1Mar 30, 2026FactForm ADV
Stated geographyglobal
“geography words on the home page”
Sep 30, 2026Fact
Stated geographyglobal
“geography words on the home page”
Sep 16, 2026Fact
Stated geographyglobal
“geography words on the home page”
Sep 12, 2026Fact
Stated sectorsAI, enterprise software, healthcare, consumer, climate, energy, hardware, defense, cybersecurity
“sector words on the home page”
Sep 30, 2026Fact
Stated sectorsAI, enterprise software, healthcare, consumer, climate, energy, hardware, defense, cybersecurity
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, enterprise software, healthcare, consumer, climate, energy, hardware, defense, cybersecurity
“sector words on the home page”
Sep 12, 2026Fact
Stated stagesSeed, series a, early
“stage words on the home page”
Sep 30, 2026Fact
Stated stagesSeed, series a, early
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesSeed, series a, early
“stage words on the home page”
Sep 12, 2026Fact
Team pageSep 30, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 12, 2026Fact
Venture funds reported22Mar 30, 2026FactForm ADV
Venture funds reported22Mar 30, 2026FactForm ADV
Venture funds reported18Dec 11, 2024FactForm ADV
WebsiteMar 30, 2026FactForm ADV
WebsiteDec 11, 2024FactForm ADV
Site titleSep 30, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 12, 2026Fact
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShow
Importance
89
high
Active deployment
90
high
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $6.7B across 23 vehicles

The inputs behind each score
importance
gav: 0.86 · funds: 1 · people: 1 · investments: 0.78 · co investors: 0.88
active deployment
investments 12m: 1 · fund raising 18m: 1 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-09-17
emerging manager
fund count: 23 · reported gav: $6.7B · first adv filing: 2012-03-21 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

71 scored matches, best firstas of
  • score 53.5confidence 90%
    Why: stage fit; activity; cap table
  • score 52.3confidence 100%
    Why: sector fit; geography fit; activity; analogous
    Watch: adjacent portfolio
  • score 48.5confidence 90%
    Why: stage fit; activity; cap table

+68 more scored matches

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2012-03-21source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.