Acording to UKTech, London-based VC firm Felix Capital has launched a $600m (£478m) fund to invest in 20 to 25 European and North American early-stage companies focusing on Web3 and sustainability. The oversubscribed raise, which exceeded its goal of $500m (£399m), will see the company make investments of $5m to $10m per startup. Founded in 2015, Felix’s fourth fundraise brings its total funds under management to $1.2bn (£957m).