Felix Capital Partners, a UK-based venture capital firm, has raised $120m for its technology fund from a consortium including corporate investors Unilever and Galeries Lafayette, Bloomberg has reported.
Consumer goods company Unilever and France-based fashion retailer Galeries Lafayette were joined as limited partners in the fund by private investor Xavier Niel. Felix also raised capital from undisclosed institutional investors.
The fund will typically invest between $2m and $5m per round, though the firm has not ruled out investments of up to $10m. It has already invested undisclosed amounts in fashion news site Business of Fashion and online fashion curators Farfetch and RAD.
Frederic Court, founder of Felix Capital Partners, said: “Our lifestyles are changing, powered by technology and more specifically by mobile technology. We are looking for the entrepreneurs who are using those tools to build a new consumer proposition especially in areas where Europe has an edge.”
Court was previously a general partner at venture capital firm Advent Venture Partners.