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
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 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.
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.
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.
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.