Jen Andre 
- Portfolio News
- 17 December, 2024
The new round was led by Balderton, with participation from existing investors Coparion, Venture Stars and Signature Ventures and an undisclosed investor.
Finoa was founded in 2018 by Christopher May and Henrik Gebbing to enable secure and regulated institutional access to the world of digital assets and blockchain-powered innovation.
Finoa co-founders, Henrik Gebbing and Christopher May
Over the past year, the Berlin-based company has grown its revenues more than fiftyfold and uniquely positioned itself as the European institutional gateway for seamless and secure interaction with the fast-developing crypto ecosystem.Through an intuitive interface and innovative security infrastructure, Finoa has spearheaded institutional access to a wide range of blockchain-enabled use cases. Finoa exclusively supported the mainnet launch of many leading crypto networks like Dapper Lab’s FLOW protocol, NEAR, and Mina. Today, Finoa is serving more than 250 customers, including industry leaders like CoinList and some of the largest crypto funds globally.
We are proud to have established Finoa as Europe’s leading gateway for institutional participation and incredibly excited to accelerate our growth even further. We look forward to supporting new exciting protocols and projects, empowering innovative corporate use cases, and adding additional (decentralized) financial products and services to our platform.
Christopher May Co-founder, Finoa
The Finoa dashboard
Finoa will use the new funding to build out its products and services, scale up the team, meet the rapidly growing institutional interest for digital assets, and enable participation in innovative financial services beyond custody and staking.With this round, Finoa is one step closer to delivering on its aspiration of becoming a regulated one-stop-shop for institutional investors and corporations to manage all their digital asset needs.
With Balderton Capital joining our group of investors, we have added a renowned partner who brings unparalleled expertise in disrupting traditional financial services. With their experience and network, we have found the best support we could imagine, helping us facilitate greater institutional adoption of digital assets globally and continue to build an industry leader in the crypto-ecosystem.
Henrik Gebbing Co-founder, Finoa
Chris, Henrik, and the entire Finoa team have built a deeply impressive business which bridges the highest levels of professionalism with radical innovation. As custodians of digital asset private keys, Finoa needs to be trusted both with the secure management of those keys and with the products and services that allow their clients to fully leverage the power of native digital assets. The team they have assembled is uniquely positioned to do just that. As they continue to witness exceptional growth, we look forward to teaming up with Finoa on their journey towards becoming a category-defining digital asset bank.
Collin Hanna Principal, Balderton
Read more about the news in TechCrunch.
