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FCA-regulated Fasanara Capital raises $350 million for a crypto and fintech venture capital fund

In 2022, Web3 will emerge as a significant trend, as venture capital continues to invest crypto and fintech.

The London-based asset management Fasanara Capital has formed a $350 million investment fund to support fintech and cryptocurrency firms that may develop new Web3 use cases.

The organisation, which manages $3.5 billion in assets, is targeting early-stage fintech and cryptocurrency startups, where it intends to create long-term partnerships with project founders and other industry experts. This may involve higher equity investments than a conventional venture capital firm.

Fasanara Capital, a fintech investment firm founded in 2011, is increasingly specialised in digital assets and financing technology. The company is governed by the Financial Conduct Authority of the United Kingdom and backed by the European Investment Fund, a Luxembourg-based organisation that facilitates small business loans through private banks and funds.

ScalaPay, an Italian payment service provider, and Grover, a German smartphone and subscription service, are two of Fasanara’s portfolio firms that recently earned unicorn status. In the startup world, a unicorn is a company with a valuation of at least $1 billion.

As investors seek to uncover the next wave of disruptive technology, venture capital financing for fintech and cryptocurrency firms continues to expand. According to the organisers of the Tech.eu Summit, more than 750 fintech funding deals worth over $27 billion were disclosed in Europe alone in 2021. In the meantime, Research data indicates that crypto startups closed 1,349 agreements totaling approximately $30.5 billion in 2021.

Despite indications of an impending bear market in the cryptocurrency business, venture funding in the sector has not slowed in 2022. During the first quarter alone, crypto companies received a total of $14,6 billion from the venture capital community.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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