Fasanara Launches $350M Fund To Support Crypto and Fintech Startups

Fasanara Launches $350M Fund To Support Crypto and Fintech Startups

Funding of startup businesses shows no signs of stopping in the future.

In order to lend a helping hand to startup companies, the VC technology platform and asset management institution Fasanara Capital founded in 2011 has initiated a significant $350M investment fund. The recently established fund seeks to discover the next generation of digital institutions and investors in digital assets and crypto across Europe.

Crypto startups are growing day by day as VC keeps funding the companies with a significant amount of money. For instance, in three years, Fasanara Capital has already funded more than 29 startups. The CEO Francesco Filia added:

“The European asset management industry is on the brink of a huge tech-led transformation and we have been at the forefront of this change, both as a digital lender and trader of alternative assets. Over the past eleven years we have developed a deep understanding of the fintech ecosystem, have financed more than $30 billion of digital loans and receivables.”

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Last year, over 700 hundred financial technology businesses signed finance agreements worth almost $30 billion in various countries across Europe.

Financial technology and cryptocurrency businesses remain on track of receiving significant funding from VC. Cryptocurrency associations received a total of $14.6B in venture capital inflows, counting only the first half of the year.

Fasanara Capital intends to form partnerships in the long run with various creators, and other professionals. As of now, Fasanara associated firms ScalaPay and Grover have achieved a significant estimate of more than $1B. 

Gyth L. - Crypto Analyst

by Gyth L. - Crypto Analyst, BitDegree


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