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FinTech Collective Raises $250 Million For Its New Fund, Betting $50 Million On The DeFi Space
Summary: FinTech Collective, a venture capital firm that invests in fintech and digital assets, has raised $250 million for its new fund, of which $50 million will be allocated to the newly established decentralized finance (DeFi) fund. The DeFi Fund will invest in equity or tokens related to open source, composable financial protocols and applications built ...
FinTech Collective, a venture capital firm that invests in fintech and digital assets, has raised $250 million for its new fund, of which $50 million will be allocated to the newly established decentralized finance (DeFi) fund.
The DeFi Fund will invest in equity or tokens related to open source, composable financial protocols and applications built on smart contract platforms such as Ethereum.
Investors in the latest round of financing include the Wisconsin State Investment Commission, the Illinois Teacher Retirement System, Greenspring Associates, StepStone Group, DRW and British billionaire Alan Howard.
This financing brings the total assets under management (AUM) of FinTech Collective to over $500 million.
Tags: DeFi,FinTech Collective,Fund
Link: FinTech Collective Raises $250 Million For Its New Fund, Betting $50 Million On The DeFi Space [Copy]
