- Fasanara Capital has set up a new $350 M venture Capitalist fund.
- The fund is centered on fintech and Web3
Fasanara Capital, an independent, owner-managed alternative asset company authorized and managed by the Federal Conduct Authority has set up a new $350 million venture capitalist fund centered on fintech and Web3, as per the press release.
The company owns over $3.5 billion in assets under management along with a team devoted to virtual assets profit-making trading and lending.
Established in 2011, Fasanara turned to venture to invest over the duration of the last three years, indulging in 27 funding rounds all over the fintech industry in Europe. It eventually caused a $35 million Series A round for Web3 startup Twig, a London-based circular economy fintech that is centered on creating green គ្រីប ហេដ្ឋារចនាសម្ព័ន្ធទូទាត់។
The statement of Francesco Filia.
“After being reputed as a leader in the industry, we are now witnessing a deal flow of unmatched quality and we wish to capitalize on it,” as stated by the Chief Executive Officer of Fasanara Capital, Francesco Filia.
The company is at the edge of massive tech-influenced change. In the last eleven years we have created a keen knowledge of the fintech ecosystem, have financed over $30 billion of virtual loans and collectibles, and have had the chance to invest in a few of the significant digital startups in the market, the CEO further added.
After the volatility and collapse in the គ្រីប market, Venture capital investment in crypto has not fallen off. The bear market has witnessed the craze of bitcoin and ether fall by more than 50% since the change of the year.
The famous Silicon Valley investor Andreesen Horowitz (a16z) created a $4.5 billion crypto fund in May. At the same time, at the start of this month, Two Sigma Ventures generated $400 million for two capitals that will add on គ្រីប ការវិនិយោគ។
Source: https://www.thecoinrepublic.com/2022/09/28/fasanara-capital-sets-up-350m-crypto-vc-fund/