Fasanara Capital is raising $350 million for a new crypto and fintech fund
Fasanara Capital, a London-based asset manager and investor, is raising $350 million for a new venture capital fund to back crypto and fintech startups.This is the first time Fasanara will invest in crypto startups, said Filia, adding that the firm's previous two venture funds, with a combined worth of $550 million, focused purely on fintech startups.
Fasanara is undeterred by the current weakness in crypto markets, which has seen bitcoin lose about a third of its value so far this year."Chaos brings opportunities to long-term oriented investors," Filia said. "The current difficult landscape is expanding the opportunity set for us." Fasanara is interested in various crypto startups, but with a particular focus on those building infrastructure and trading platforms as the firm is also a liquidity provider in the crypto market.
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