Global Venture Capital firm FinTech collective raises US$250 million in latest funding round.
The VC firm raises US$200 million for its existing early-stage investment strategy. Additionally, it also secures US$50 million for its new strategy focused on decentralized finance (DeFi).
The new DeFi strategy focuses on open-source, composable financial protocols and applications being built on smart-contracting platforms such as Ethereum. The DeFi strategy will invest across the breadth of opportunities emerging in the decentralized finance space. The investment will include both equity and liquid tokens.
Founded in 2012, FinTech Collective is led by Managing Partners Brooks Gibbins and Gareth Jones. Brooks and Jones have worked together for more than two decades as entrepreneurs and operators in the fintech space. Moreover, they have built and sold four businesses for proceeds of more than $1.5 billion.
“FinTech Collective was among the first venture capital firms to recognize the fintech opportunity resulting from the global financial crisis, which served as a catalyst to unlock a generation of innovation in financial services,” Gibbins said.
“We believe the next 30 years represent an unprecedented period when every facet of financial services will be deconstructed and reconstructed, and our deep global roots, particularly in the New York and European ecosystems, allows us to take advantage of this tremendous opportunity.”