Niki Pezeshki, a general partner at Silicon Valley-based Felicis Ventures, will step down and transition to venture partner in April.
Pezeshki joined Felicis in 2016 and became a GP in 2021. He has backed startups in sectors ranging from healthcare to fintech and enterprise software. His investments on behalf of Felicis include Crusoe Energy, DoNotPay and Guild Education.
“Niki has been a great contributor to the team, sourcing and investing in companies like Vannevar Labs and Kandji,” general partner Sundeep Peechu said in a statement to PitchBook. “We are proud to call Niki a close friend of the firm and look forward to supporting him in his future endeavors. He is keeping his board seats at his companies.”
While he has not publicly shared his professional plans, he told Felicis limited partners that he is moving from the Bay Area to Southern California, according to a person familiar with the matter. He previously worked at Summit Partners, Vista Equity Partners and The Climate Corporation.
Felicis most recently raised $825 million for its ninth flagship fund in 2023, two years after raising a $600 million flagship fund and a $300 million opportunities fund. It also recently recruited Peter Deng, a longtime tech executive who most recently led OpenAI’s ChatGPT team, as a general partner.
Featured image by Jenna O’Malley/PitchBook News
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