British asset management firm Fasanara creates a $350 million cryptocurrency and fintech fund (Report)


London-based asset manager Fasanara Capital Ltd has closed a $350 million fundraising event and wants to invest the money in cryptocurrency companies and financial technology.

Crypto Crash works in Fasanara’s favor.

According to Bloomberg applied area, Fasanara has secured a second fund to support tech startups and some companies in the digital asset industry. In particular, it plans to allocate $350 million to cryptocurrency exchanges and digital lending businesses.

The UK organization has previously raised around $550 million to support the European tech sector. It has invested significant sums in Germany-based leasing startup Grover, and in Italy, buy now and pay later, Scalapay.

Currently, Fasanara is preparing a third fund, as it has already raised $100 million. The company’s CEO, Francesco Filia, said it would be open to new outside investors, unlike previous financing.

He said Fasanara is attracted to the world of digital assets and is working to empower the companies involved. In his view, the current collapse of the cryptocurrency market is favorable for the company’s strategy.

“As the market goes through difficult phases, we can trade better.”

Fasanara Capital is an alternative asset manager with headquarters in London and affiliate offices in Milan. It provides a variety of financial services and financial services to businesses. The company has more than 150 employees and more than $3.5 billion in assets under management (AUM).

Some of the latest fundraising events for millions

As funding rounds in the crypto space happen quite frequently, it is worth mentioning some of the most significant over the past few months.

In early April, Near Protocol closed a $350 million fundraising led by US investment giant Tiger Capital Management. The person who handled this initiative was Amos Zhang, Partner at MetaWeb VC. He said Tiger Capital’s involvement in financing is a sign that Near could “become one of the protocols that can take over the world.”

A few weeks later, Framework Ventures raised $400 million. Half of the funds will promote blockchain game development and the other half will be distributed to the Web3 economy and DeFi.

Germany-based football application OneFootball has since secured $300 million in funding from investment managers including Animoca Brands. The app also established a joint venture called OneFootball Labs, which aims to enable football clubs, federations and players to launch fan tokens and digital assets based on blockchain technology.

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