Home Business NewsBusinessBanking News Crescenta closes the largest pre-seed round of the fintech industry in Spain worth €3.5 million

Crescenta closes the largest pre-seed round of the fintech industry in Spain worth €3.5 million

by LLB Finance Reporter
21st Dec 23 8:04 am

Crescenta, Spain’s first digital fund manager for private equity investment, expands its pre-seed financing round with €2 million, in addition to the €1.5 million announced last July.

This boost brings the total amount of the round to €3.5 million, making it Spain’s largest pre-seed round in the fintech sector.

KFund and FJ Labs are joined by All Iron Ventures, Ander Michelena’s firm (Ticketbis’s founder), which has invested in fintech companies such as Indexa Capital and Fintonic. “We are entering Crescenta with the conviction that it is a company that has arrived to change the landscape in private equity investment, joining what is already a megatrend in the fintech world. A first-class team and a project with a strong innovative and technological character are the ingredients that we believe will make them go from pioneers to leaders,” says Michelena.

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With the product about to hit the market, the funds from this round will be destined to grow the team and strengthen the brand. Crescenta has made several appointments, incorporating senior profiles in the areas of Investment, Marketing and Investor Relations.

In the words of Ramiro Iglesias, CEO of Crescenta, “Having these profiles in the key strategic areas is essential to grow robustly and at the pace we expect in 2024. In the first quarter of next year alone, we expect to double our team with new recruits in strategic areas such as Operations, Marketing and Investor Relations”.

The firm is finalising the details of its product offering and will announce the launch of its first funds in January 2024. “We are very grateful for the trust that both individuals and funds are placing in Crescenta and, after months of work, we are very satisfied with the product offering that we have configured and that will soon be available to investors,” adds Ramiro Iglesias.

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