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VC Firm FinTech Collective Raises $250M to Support New DeFi Strategy

The funding round brings the firm’s total assets under management to over $500 million.

Updated May 9, 2023, 3:22 a.m. Published Aug 19, 2021, 5:34 p.m.

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

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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.

Venture Capital DeFi

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.