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Cryptoknowmics 2022-05-11 10:44:52

FCA-regulated Fasanara Capital Raises New Crypto and Fintech VC Fund

UK’s Financial Conduct Authority (FCA)-regulated asset manager Fasanara Capital Ltd is raising a new $350 million venture capital fund to invest in fintech and cryptocurrency startups. Targeting Early Stage Crypto and Fintech Startups According to a report from Bloomberg, Fasanara Capital Ltd which manages $3.5 billion in assets is targeting early-stage startups in the fintech and crypto spheres. The fund would particularly invest about 60% of the total capital in fintech startups and the rest in crypto and web3 firms, Chief Executive Officer Francesco Filia revealed. Given its background as a hedge fund, Filia said the firm is particularly keen on investing in crypto companies that intersect with trading. As of now, the firm has already invested in two web3 startups namely, Twig, a London-based fintech that plans to develop a blockchain-based payment infrastructure, and Scuti, a gaming store looking to issue a gaming reward token. Undeterred by the Current Market Weakness The company is currently raising its third fund and has already held a first close of $100 million, Filia told the media publication. Fasanara remains undeterred by the current weakness in crypto markets. Filia believes current turbulence in technology valuations is beneficial for his strategy. “As the market goes through a difficult phase we can do better deals,” he said.The post FCA-regulated Fasanara Capital Raises New Crypto and Fintech VC Fund appeared ...

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