Crescenta – Spain’s first digital fund manager for private equity investment – recently announced that it expanded its pre-seed financing round with €2 million in addition to the €1.5 million announced last July. This funding brings the total amount of the round to €3.5 million, which makes 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 Index Capital and Fintonic.
With the company’s product about to hit the market, the funds from this round will be used to grow the team and strengthen the brand. And Crescenta has made several appointments, incorporating senior profiles in Investment, Marketing, and Investor Relations. The company is also finalizing the details of its product offering and will announce the launch of its first funds this month.
KEY QUOTES:
“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.”
— Ander Michelena
“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.”
“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.”
— Ramiro Iglesias, CEO of Crescenta
