Asset management firm from London Fasanara Capital has reportedly introduced a $350 million investment fund to financially support fintech and crypto startups, which can release new use cases for Web3. 

Specifically, the firm – currently having $3.5 billion equivalent of assets under management at the moment – is reportedly looking to cater to early-stage startups across the fintech and crypto sphere. 

It has plans down its pipeline to forge long-term alliances with project founders and different industry veterans, including potentially bigger equity commitments compared to traditional venture capital entities.

Established in 2011, Fasanara Capital reportedly functions as a fintech investment entity, shifting its concentration more and more to virtual assets and lending technologies.

The firm is reportedly subjected to regulations under the United Kingdom’s Financial Conduct Authority, as well as receiving the support of the European Investment Fund – a Luxembourg-headquartered financial establishment which offers facilitating features to small business loans via private banks and funds.

Two of Fasanara’s portfolio establishments reportedly managed to become a unicorn entity not long ago – ScalaPay, a payment service provider from Italy along with Grover, a Germany-based smartphone and subscription service firm.

Venture capital funding into fintech and cryptocurrency startups keeps on seeing a surge with investors spending efforts in searching for the next wave of disruptive technologies.

In the EU market, over 750 fintech financing deals making up more than $27 billion were reported last year, per insights generated by the organizers of the Tech.eu Summit.

Despite evidence of a bear market looming over the cryptocurrency industry, venture funding in the space has shown no signs of slowing in 2022. In the first quarter alone, crypto startups saw $14.6 billion in cumulative inflows from the venture capital community.