Fasanara Capital's $350 million VC fund will invest in fintech and web3 companies.
London-based asset manager Fasanara Capital has established a new $350 million venture capitalist fund focused on fintech and Web3, according to a press release.
Founded in 2011, Fasanara Capital pivoted to venture investing over the past three years, participating in 27 funding rounds across the fintech industry in Europe. It led a $35 million Series A round for web3 startup Twig, a company that is building a green crypto payments infrastructure.
"Having gained a reputation as the leader in the space, we are now seeing a dealflow of unprecedented quality and we want to capitalize on it," said Francesco Filia, Fasanara Capital CEO.
Venture capital investment in crypto hasn't slowed in 2022 despite a bear market that has seen the likes of bitcoin and ether plunge by over 50% since the turn of the year. Prominent Silicon Valley investor Andreessen Horowitz (a16z) formed a $4.5 billion crypto fund in May, while earlier this month Two Sigma Ventures raised $400 million for two funds that will include crypto investments.