Venture capital fund · 5 deals
Every published round Felicis took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Sphere | Series A | 19 Nov 2025 | US$20m (A$30.8m) | Participant | Folklore Ventures | |
| Redactive | Seed | 3 Jul 2024 | $11.5m | Lead | Startup Daily (21 Oct 2025), Forbes Australia (15 May 2025), Startup Daily (4 Jul 2024), Forbes Australia (4 Jul 2024), SmartCompany | |
| Living Carbon | Series A | Oct 2023 | US$21m (A$32.5m) | Participant | TechCrunch Australia, Crunchbase News | |
| Kinde | Seed | 21 Mar 2022 | $10.6m | Participant | Startup Daily (21 Mar 2022), Startup Daily (15 Mar 2022), SmartCompany | |
| Dovetail | Series A | 7 Feb 2022 | $89m | Participant | Startup Daily (7 Feb 2022), SmartCompany (24 Jan 2022), SmartCompany (20 Jan 2022), Startup Daily (20 Jan 2022), TechCrunch Australia, SmartCompany (17 Dec 2021), Our Innovation Fund |
Companies Felicis has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Dovetail | Customer insights and research platform | 7 Feb 2022, Series A | 1 | 0 |
| Kinde | Technology company co-founded by Evgeny Komarevstev | 21 Mar 2022, Seed | 1 | 0 |
| Living Carbon | Creates photosynthesis-enhanced trees to capture carbon | Oct 2023, Series A | 1 | 0 |
| Redactive | Melbourne-based cybersecurity startup that helps companies manage data threats posed by AI | 3 Jul 2024, Seed | 1 | 1 |
| Sphere | Cross-border tax compliance | 19 Nov 2025, Series A | 1 | 0 |
Fund closes reported for Felicis, as distinct from the investments it has made.
Companies Felicis has backed that another company then bought. An exit for the holding, not a deal Felicis did.
| Name | Role | Sources |
|---|---|---|
| Victoria Treyger | General Partner | Startup Daily (4 Jul 2024), Forbes Australia, Startup Daily (15 Mar 2022), Startup Daily (20 Jan 2022) |
Stories naming Felicis. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Defense startup Singularity has surfaced from stealth, securing a large Series A co-led by two venture firms to scale production of affordable systems that counter cheap drones, with backing from several established investors.
Folklore Ventures says its investee Sphere has secured US$20 million in a Series A led by Andreessen Horowitz, with Y Combinator, Felicis and 20VC also in; Folklore backed Sphere at pre-seed.
Crunchbase's unicorn tracker analysis finds AI-driven valuations added over half a trillion dollars in months, reshuffling the top twenty and minting eleven new decacorns in H2 2025, including Figure, Kraken, Mistral and Sierra.
RecordPoint has bought Redactive AI, a Melbourne data security startup founded by former Atlassian staff, for an undisclosed sum two years after its founding; Felicis and Blackbird co-led its 2024 seed round.
Canva has raised US$40 million at a US$1 billion valuation, becoming an Australian unicorn, with Sequoia China joining long-time backers Blackbird Ventures and Felicis Ventures in a round led by Blackbird.
Enterprise AI platform Redactive AI has raised a seed round co-led by Blackbird Ventures and Felicis Ventures, with Atlassian Ventures and Zapier joining, to grow its team and US presence.
Also Forbes Australia·Startup Daily·Startup Daily·Forbes Australia
Feature on Australia's fast-growing climate tech sector, recounting raises at companies including Neara, Loam Bio, Goterra and Great Wrap, and warning that scarce growth capital and limited foreign investment could stall the industry.
Kinde, a developer-infrastructure startup founded by ex-Atlassian and Campaign Monitor staff, has raised a $10.6 million seed round led by Blackbird Ventures with Felicis Ventures, to build tooling that spares SaaS startups repetitive groundwork.
Customer research platform Dovetail has raised US$63 million led by Accel at a near-unicorn valuation, with Blackbird and Felicis also taking part, as co-founders Benjamin Humphrey and Bradley Ayers plan global growth.