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Fasanara Capital launches £283m fund for early stage crypto startups

retail vs institutional crypto investing

London-based Fasanara Capital has launched a $350m (£283m) fund for investing in early-stage fintech and cryptocurrency startups.

Launched in 2011, Fasanara Capital is a hedge fund that has more than $3.5bn (£2.8bn) in assets under management. It looks to invest in new technology that is sustainable, scalable and backed by data.

“The European asset management industry is on the brink of a huge tech-led transformation and Fasanara Capital has been at the forefront of this change, both as a digital lender and trader of alternative assets,” said Francesco Filia, CEO, Fasanara Capital.

Previous investors of Fasanara Capital are the European Investment Fund and European insurance companies.

Fasanara Capital’s portfolio contains 29 companies, which includes two unicorns: Italian buy now pay later company Scalapay and tech gadget rental company Grover.

Earlier this year Fasanara Capital led the $35m (£25.7m) Series A investment into circular economy platform Twig.

It’s the venture capital firm’s third fund. It invests from seed to Series A throughout Europe and employs 152 people in London.

“Europe is the natural place for technology innovation and financial services to come together to create companies with huge potential – both for consumers and businesses,” added Filia.

Fasanara Capital is authorised and regulated by the FCA.

The news follows a bumper 2021 for UK fintech investment, with companies raising $11.6bn in capital.

However, the VC investment market is showing signs of a slowdown amid soaring inflation and global economic pressures.