Fasanara Capital to raise $350 million for a fund focused on cryptocurrencies and fintech

London-based venture firm Fasanara Capital is raising $350 million for a fund that will invest in startups in the cryptocurrency and fintech space. The Block reports.

In an interview with the publication, CEO Francesco Filia said the firm has already raised $100 million. Founded in 2011, the company manages assets of about $3.5 billion.

According to him, this is the first vehicle to screen projects connected with digital assets. The previous two funds, with combined assets of $550 million, were focused exclusively on supporting fintech startups. In the new fund, the capital will be allocated in a 60:40 split in favour of the latter.

In the blockchain space, areas of greatest interest to Fasanara Capital include infrastructure and trading platforms. The firm acts as a liquidity provider in the digital-asset market.

Top management is not deterred by the negative market conditions.

“Chaos creates opportunities,” he explained.

In April 2022, Dragonfly Capital запустила a new venture fund with $650 million focused on Web 3.0.

Earlier, venture firm White Star Capital привлекла $150 млн for its second fund, aimed at investments in crypto networks, Web3 startups, DeFi and blockchain gaming.

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