Felix Capital has doubled its funds under management to $1.2bn thanks to a new fund close.

The UK venture capital firm has closed its fourth fund on $600m, doubling the size of its predecessor and beating its $500m target after just four months in the market.

Felix typically invest early at first or second rounds, mainly in Europe and in the US. The firm says it has the flexibility to invest from $500k to $10m early, and up to $15m in growth opportunities.

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