Venture capital continues to focus on crypto and fintech funding. Web3 is expected to be a significant trend in 2022.
Fasanara Capital, a London-based asset manager, has launched a $350 Million investment fund to support fintech and cryptocurrency startups that could provide new uses cases for the emerging Web3 economy.
The company manages assets of $3.5 billion and is interested in early-stage startups in crypto and fintech. It intends to build long-term relationships and trust with industry veterans as well as project founders. This could include potentially higher equity commitments than traditional venture capital companies.
Fasanara Capital, a fintech investment company that specializes in digital assets and loan technologies was founded in 2011. The UK’s Financial Conduct Authority regulates the company. It also has the support of the European Investment Fund, which is a Luxembourg-based financial institution that assists small businesses with loans through private banks and other funds.
Two portfolio companies of Fasanara recently reached unicorn status: ScalaPay in Italy, which is a payment service provider, as well Grover in Germany, which is a subscription and smartphone company. A unicorn is a company with a value of $1 billion or greater in the startup world.
As investors seek to find the next disruptive technology, venture capital funding for fintech and cryptocurrency startups is growing. According to organizers of Tech.eu Summit, there were more than 750 fintech financing transactions in Europe. This is a total value of over \$27 billion. Data from Cointelegraph Research indicates that crypto startups have closed 1,349 deals between 2021 and a value of approximately \$30.5 billion.
Despite the looming bear market in cryptocurrency, there has been no sign of the industry’s venture funding slowing down in 2022. Crypto startups received \$14.6 billion in cumulative venture capital inflows in the first quarter.