British Asset Manager Fasanara Raises $350 Million Crypto and Fintech Fund (Report)

Fasanara Capital Ltd, a London-based asset management company, reportedly closed a $350million fundraising campaign and plans to use the funding to invest in crypto companies and financial technology.

Fasanara is the beneficiary of The Crypto Crash

Bloomberg reported that Fasanara has secured its second fund for backing technology startups and companies in the digital asset sector. It plans to dedicate the $350 million specifically to digital lending and crypto exchanges.

To support Europe’s tech sector, the British company has raised $550 million previously. It made significant investments in the German-based rental company Grover and Scalapay, an Italian buy-now/pay-later entity.

Fasanara, which has already raised $100 million, is currently working on its third fund. Francesco Filia, the Chief Executive Officer of Fasanara, revealed that unlike other financings, this one is open to new investors.

Fasanara was attracted to the digital asset universe and seeks to increase the capabilities of the firms involved. According to him, the collapse of the crypto market is a favorable development for the company’s strategic plan.

“As the market is going through a difficult phase we can make better deals.”

Fasanara Capital, an alternative asset manager, has its headquarters in London and affiliated offices in Milan. It provides monetary services as well as financing for firms. It employs more than 150 people and has over $3.5 Billion in assets under management (AUM).

Here are some of the recent Multimillion Fundraisers

There are many funding rounds in crypto, so it is worth mentioning the most important ones over the last few months.

Near Protocol concluded a $350 Million fundraising campaign led by Tiger Capital Management, an American investment firm. Amos Zhang, a Partner at MetaWeb VC, addressed the occasion. Amos Zhang, a Partner at MetaWeb VC, stated that Near’s involvement with the financing was a sign of Near “might” be one the protocols that will take over the world.

Framework Ventures raised $400 Million just weeks later. Half the funds will go towards blockchain gaming development, and the rest will be distributed to DeFi and the Web3 economy.

The German-based soccer app OneFootball received a $300 million fundraising campaign from investors, including Animoca Brands. OneFootball Labs was also created by the app. This joint venture is designed to allow soccer clubs, federations and players to release tokens and digital assets using blockchain technology.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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