Felicis Ventures has closed a $96 million funding round, the third since its foundation in 2006 by ex-Google exec Aydın Şenkut. The stage-agnostic angel investor is among the early backers of today’s iconic comanies like Angry Birds-maker Rovio, e-commerce services platform Shopify and fitness-tracking device maker Fitbit.
The contributors of the new funding have not been disclosed but the WSJ says they include three limited partners.
Felicis Ventures has established a reputation of investing mostly in emerging tech regardless of the origin or stage of a startup, including 3D imaging, bio-informatics, connected devices and robotics.
Palo Alto-based company has put money in over 120 startups so far, with more than 50 already acquired by industry leaders like Twitter, Google, eBay etc. or gone public.
Istanbul-born Şenkut says he plans to invest more on emerging areas of high-tech, such as drones and artificial intelligence, according to the WSJ, “We’re really excited about what we call frontier areas, which might seem fringe but have a good potential to become mainstream in the next few years,” he said.
On the occasion of new funding, the company has reiterated its pledge to always vote with startup founders for shareholder decisions.