FCA-regulated Fasanara Capital raises $350 million in crypto and fintech venture capital fund

London-based asset manager Fasanara Capital has launched a $350 million investment fund to back fintech and cryptocurrency startups that can provide new use cases for the emerging Web3 economy.

The firm, which manages $3.5 billion in assets, targets early-stage startups in the fintech and crypto space, with plans for long-term partnerships with project founders and other industry veterans. This includes potentially larger equity commitments than traditional VC firms.

Founded in 2011, Fasanara Capital is a fintech investment firm increasingly focused on digital assets and lending technology. The company is regulated by the UK’s Financial Conduct Authority and is backed by the European Investment Fund, a Luxembourg-based financial institution that facilitates small business lending through private banks and funds.

Two of Fasanara’s portfolio companies recently achieved unicorn status – Italian payment service provider ScalaPay and German smartphone and subscription services company Grover.In the startup world, a unicorn is a company that realizes Valuation of $1 billion or more.

Venture capital funding for fintech and cryptocurrency startups continues to grow as investors seek to identify the next wave of disruptive technologies. In Europe alone, more than 750 fintech financing deals will be reported in 2021, totaling more than $27 billion, according to To the organizers of the Tech.eu Summit. Meanwhile, data from Cointelegraph Research shows that, Crypto startups closed 1,349 deals in 2021 The total value is approximately $30.5 billion.

related: GameFi shows signs of maturity: report

In 2022, venture capital funds will allocate more resources to Web3 companies. Source: Cointelegraph Research Terminal.

Despite evidence of an imminent bear market in the cryptocurrency industry, venture capital investment in the space shows no signs of slowing down in 2022. In the first quarter only, Cumulative inflows to crypto startups hit $14.6 billion From the venture capital community.