Felicis Ventures Announces $900M Tenth Fund

Gunderson Dettmer represented client Felicis Ventures in the formation of its $900 million tenth fund, Fund X. The firm remains focused on backing early-stage, frontier technology companies, especially AI-native startups, by taking decisive action and offering a unique, founder-aligned approach.

Felicis founder and managing partner Aydin Senkut is often described as being in “founder mode ”—a term originated via Brian Chesky and Paul Graham to describe a relentless, hands-on leadership style. That ethos carries through in how Felicis engages with startups: The firm includes a unique clause in its term sheets promising never to vote against a founder, contractually aligning itself with the entrepreneur.

The Gunderson deal team was led by Sean Caplice and included Ben Buckwalter, Jaime Narayan, Laura O’Leary, Samantha Herschmann and Anuja Patel.

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Felicis Ventures