FinTech Finoa: multi-million Seed Funding round

Finoa announced:
“Happy New Year and… Funding Round Complete!
Today we’re announcing a key milestone for the company and our mission: we’ve raised a multi-million Seed Funding round from top-tier investors who are equally passionate about our ambitious mission. The funding was led by Venture Stars and coparion, with additional participation from Signature Ventures and Serial-Entrepreneur Frank Geßner.

As you can imagine, we are over the moon for many reasons, but primarily for these two:

  • Our investors are top-notch: passionate, leading, and committed to fulfill our mission to transform and professionalize the world of Digital Assets
  • For us, this is more than a funding round, it’s a key step in our path to consolidate Finoa’s market leading positioning in the European Digital Assets space. Moreover, our investors acumen, network and specialized support will be key to help us to grow the team and scale our product portfolio and explore new business revenue lines

OUR INVESTORS

The entire Finoa team is excited about the next chapter and is proud to partner with such a fantastic group of investors, who will add key pillars of knowledge to the company with their experience across FinTech, Blockchain, Crypto Economy and overall Entrepreneurship.

We would like to give a special shout out to Florian, Christian, Florian, Frank and their entire teams for the trust and support. We look forward to grow Finoa together! 

You might already know these rockstars, but just in case, here’s a sneak peak of what they’ve been up to:

VENTURE STARS

Venture Stars is a Munich based venture capital firm focused on early-stage investments in innovative, digital B2C and B2B business models. The team of serial Internet entrepreneurs currently manages two funds typically investing €500k – 1.5m EUR initially and up to 3m in total per company. Having started as an incubator, Venture Stars has a tradition of working very closely with the founders of its portfolio companies. Venture Stars’ support goes beyond capital and includes know-how, network and operational manpower on topics such as strategy, organizational development, financing and exit.

“The Finoa team demonstrated a superior level of knowledge, determination and professionalism around the product conceptualization and approach to business, but what really convinced us was the team: just a great blend between tech and business, open communication and customer centricity. We not just want to be investors in Finoa, but partners at all levels.” – Florian Calmbach, Founding Partner 

COPARION

Coparion provides venture capital to accelerate momentum and growth. With a current active fund of EUR 275 million, Coparion supports entrepreneurial vision with know-how and thanks to in-depth experience in venture capital and in building companies the Coparion team discerns potentials and opens up new perspectives. Coparion has the substance, tenacity and creativity required to mutually manage difficult situations successfully. The fund invests up to EUR 10m per company. Coparion is based in Cologne and Berlin.

“While many startups in the emerging Digital Asset space are scratching the surface technologically or are outsourcing risks to third-parties, Finoa offers a holistic e2e TechStack without compromising security or asset availability. In our opinion, Finoa is currently the most technically-mature solution in the European market, which led to our investment decision” – Christian Schulte, Investment Professional

SIGNATURE VENTURES

Signature Ventures is a venture capital fund investing in the Blockchain-driven paradigm shift. Signature Ventures focuses on early-stage Blockchain Startups across Europe and is based in Berlin and Munich.

“We know the Finoa team since more than a year now and have been very impressed by their in-depth market knowledge and their excellence in execution. Finoa is on its way to become the leading custody solution for digital assets in Europe” – Florian Huber, Partner

FRANK GEßNER

Frank is a Serial Entrepreneur (Co-Founder of INTERSHOP, ALEA, Alune, Natural Oil Corporation, CIO of Delivery Hero, 4scotty, INVAO), Professional Investor (Tower Venture, Avala Capital), Business Angel and EO-Berlin President. Additionally, Frank has a strong passion for using technology for social impact.

“As a co-founder of INVAO, I was looking for a secure custodian for the Digital Assets we manage. The high volatility of the crypto markets requires active risk management and fast trading of the Digital Assets. The smooth cooperation as a customer of Finoa, together with the technology and the team, convinced me. I am certain that Finoa is offering one of the best Digital Asset custody services in the fast growing Blockchain market at the very right time and I would like to support its further growth” – Frank Geßner, Chairman INVAO Group.

About Finoa GmbH 
Finoa provides custody and asset-servicing solutions for Digital Assets, customized to institutional investors, HNWI and corporations. The custody platform enables its users to securely store and manage their cryptographic tokens, while providing a directly accessible, highly intuitive and unique user-experience. The custody infrastructure serves as the base to a growing product portfolio, such as Prime Brokerage, Tokenization Services, Lending, Staking or Investment Services/Wealth Management. Finoa was founded in 2018, is based in Berlin and fully compliant to German regulatory law.”
Further Information: https://finoa.io/
Image © finoa
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