Felix Capital, a London-based venture capital firm, has raised $300 million for its third venture capital fund. The new fundraising doubles Felix’s total assets under management to more $600 million. For a VC firm that’s only been around for five years, it’s done pretty well for itself.
The firm backs “digital lifestyle” companies with customer bases that exhibit cult-like loyalty to the brands. Felix was an early investor in now-public companies including FarFetch and Peloton, as well as private companies Mejuri, Highsnobiety — and the one I’m personally most intrigued by — Goop. I spoke with Felix Capital founder and managing partner Frederic Court back in 2018 about his investment strategy for Term Sheet’s “5 Questions With a Dealmaker.”
As I wrote then, Goop is a company that encapsulates the firm’s investment thesis perfectly — it began as a newsletter of recommendations curated by Gwyneth Paltrow in 2008. Today, it’s a venture-backed lifestyle empire valued at more than $250 million. Court invested four years ago, and he sits on Goop’s board and considers Paltrow one of the best entrepreneurs he’s worked with.
“The big thing to know is that there’s a massive trend especially from the younger generation around wellness and well-being,” Court said at the time, adding, “The success comes when you combine the product with education, which is what Goop does. We see more and more people investing in themselves.”
NEW VC ALERT: Rachel Holt, who was Uber’s head of mobility, has left the company to join Construct Capital as a co-founder. Construct is a new Washington D.C.-based venture capital firm co-founded by Dayna Grayson, who was previously at NEA for six years.
“I’m really excited to take everything I’ve learned at Uber to help find, fund and scale the next generation of tech entrepreneurs,” she said in a tweet.
The duo is in the midst of fundraising. Stay tuned to Term Sheet for more info soon.
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Polina Marinova
Twitter: @polina_marinova
Email: polina.marinova@fortune.com
VENTURE DEALS
- Zinier, a San Francisco-based startup bringing automation to the field service management realm, raised $90 million in Series C funding. ICONIQ Capital led the round, and was joined by investors including Tiger Global Management, Accel, Founders Fund, Qualcomm Ventures, NGP Capital, and Newfund Capital.
- FlashParking, an Austin, Texas-based parking technology company, raised $60 million in funding from L Catterton.
- 6sense, a San Francisco-based provider of a predictive intelligence platform, raised $40 million in Series C funding from Insight Partners.
- Covera Health, a New York-based provider of clinical analytics solutions to reduce medical misdiagnoses, raised $23.5 million in Series B financing. Insight Partners led the round, and was joined by investors including Prism Ventures.
- Insurify, a Cambridge, Mass.-based AI-powered insurance comparison platform, raised $23 million in Series A funding. MTech Capital and Viola FinTech co-led the round, and were joined by investors including Nationwide, Hearst Ventures, and MassMutual Ventures.
HEALTH & LIFE SCIENCES DEALS
- Color, a Burlingame, Calif.-based health tech and precision genomics firm, raised $75 in funding. T. Rowe Funds and Viking Global Investors co-led the round. Read more at Fortune.
- Oviva, a Switzerland-based digital provider of Type 2 diabetes treatment, raised $21 million in Series B funding. MTIP led the round, and was joined by investors including Earlybird, AlbionVC, F-Prime Capital, Eight Roads Ventures and Partech.
PRIVATE EQUITY DEALS
- Blackstone led a recapitalization of Altus Power, a Greenwich, Conn.-based solar power company, for $850 million.
- Bestar, which is backed by Novacap, acquired Bush Industries, a Jamestown, N.Y.-based maker of case goods and RTA furniture for the office and home. Financial terms weren't disclosed.
- Concours Mold Inc, a portfolio company of Crestview Partners, acquired the assets of Valiant Tool and Mold Inc, a Canada-based provider of engineering, design, simulation, program management, manufacturing and inspection services. Financial terms weren't disclosed.
- Sandbridge Capital made an investment in ILIA Beauty, a Laguna Beach, Calif.-based manufacturer of line of clean color cosmetics. Financial terms weren't disclosed.
EXITS
- Google agreed to buy Pointy, a Dublin-based developer of tech designed to help brick-and-mortar stores sell goods online. Financial terms weren't disclosed. Pointy raised more than $19 million in venture funding from investors including Vulcan Capital, Polaris Partners, Draper Associates, and Frontline Ventures.
- Google acquired AppSheet, a Seattle-based operator of a no-code mobile app development platform for companies. Financial terms weren't disclosed. AppSheet had raised approximately $18.5 million in venture funding from investors including Shasta Ventures and NEA.
- Liberty Hall Capital Partners sold Aircraft Performance Group, a Castle Rock, Colo.-based provider of proprietary flight operations software solutions, to AFV Partners. Financial terms weren't disclosed.
- Milliken & Company agreed to acquire Borchers Group Limited, a Westlake, Ohio-based specialty chemicals company, from The Jordan Company. Financial terms weren't disclosed.
FIRMS + FUNDS
- Lexington Partners, a New York-based investment firm, raised $14 billion for Lexington Capital Partners IX, L.P. and associated vehicles.
- Obvious Ventures, a San Francisco-based venture capital firm, raised $271,828,182 for its third fund “OV3.” Read more.
- Prime Movers Lab, a Jackson, Wyoming-based venture capital firm, raised approximately $100 million for its first early-stage fund.
PEOPLE
- Napier Park Global Capital named Nadja Marcoz as a partner of the firm.
- The Compass Group promoted Raj Dalal to principal.
- Wendel Group promoted Kyle Hutchison to principal.
- The Cynosure Group hired Drew Sandbo as a senior associate.
- Sofinnova Partners promoted Michael Krel to partner.
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