Tanzeel Akhtar is a reporter based in London,UK.

Venture capital firm FinTech Collective has raised $250 million for its new strategy focused on decentralized finance (DeFi).

  • Of the $250 million, $200 million will be used to focus on the firm’s early-stage investments, and $50 million will be used to support open-source, financial protocols and applications being built on Ethereum platforms, the firm said in a press release.
  • FinTech Collective's new DeFi strategy will invest across the decentralized finance space in both equity and liquid tokens.
  • The funding round brings the firm’s total assets under management to over $500 million. 
  • In FinTech Collective’s current portfolio, 20% of the investments are in blockchain and DeFi, including five fintech unicorns valued at more than a billion dollars. 
  • The firm invests globally and has 53 companies operating in the United States, Latin America, the U.K./Europe, and Africa.

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Tanzeel Akhtar is a reporter based in London,UK.

CoinDesk - Unknown

Tanzeel Akhtar is a reporter based in London,UK.