New $350m VC fund earmarked for crypto, Web3 and fintech startups

Fasanara moves into early-stage tech investing to uncover “the next-generation of global fintech and Web3 pioneers”.

Image source: Rodnae productions/Pexels

London based asset manager Fasanara Capital has announced the creation of new fund dedicated to fintech and crypto startups, which for the first time, will be opened-up to external investors.

Recently named one of the fastest growing companies of 2022 by the FT, the hedge fund already counts newly dubbed unicorns Grover and Scalapay among its portfolio companies, as well as Web3 enabled finance solution provider Twig, and now seeks to tap new startup talent.

The company notes that investment into European fintech is booming – almost €26bn was invested in 2021, with a record $2.2bn specifically into cryptocurrency and DeFi startups.

Fasanara Capital claims it’s well positioned to take advantage of the trend, already being a large lender to fintech platforms and a liquidity provider in crypto.

“Over the past eleven years we have developed a deep understanding of the fintech ecosystem, have financed more than $30bn of digital loans and receivables and have had the opportunity to invest in some of the preeminent digital technology startups in the market,” said Francesco Filia, CEO of Fasanara Capital.

“Having gained a reputation as the leader in the space, we are now seeing a dealflow of unprecedented quality and we want to capitalise on it. We are excited about opening up our venture capital investment fund to external investors who also see the size of this opportunity and can help amazing founders to build world-beating companies.”

Founded in 2011 and launching into venture capital investing three years ago, Fasanara Capital now has more than $3.5bn AUM and 29 portfolio companies across Europe. An investment company specifically for fintechs, with an investment strategy and portfolio makeup that it calls “unconventional”, the firm strives to make use of extensive use of proprietary financial technology to support inventive and disruptive new financial products. 

Existing investors in Fasanara Capital include the European Investment Fund and some of Europe’s largest insurance companies.