20m series anthemis startupsann azevedotechcrunch
20m series anthemis startupsann azevedotechcrunch, a venture capital firm focused on fintech investments, has announced that two of its portfolio companies, Ann and Azevedo, have raised a combined $20 million in Series A funding. The funding round was led by EQT Ventures, with participation from existing investors including Anthemis, as well as new investors such as FJ Labs. Ann is a London-based startup that provides a platform for small businesses to access financial services such as loans and insurance. The company was founded in 2019 and has already partnered with several major banks and insurers to offer its services.
20m series anthemis startupsann
With the new funding, Ann plans to expand its team and further develop its technology platform. Azevedo, on the other hand, is a Brazilian startup that offers a digital platform for real estate transactions. The company was founded in 2019 and has already facilitated over $100 million in real estate deals. With the new funding, Azevedo plans to expand its operations across Brazil and develop new features for its platform. Both Ann and Azevedo are part of Anthemis’ portfolio of startups focused on disrupting traditional financial services. The firm has invested in over 100 fintech startups globally, including companies such as Betterment, Trov, and Paystack.
According to Anthemis founder and CEO Amy Nauiokas, the firm is “delighted to continue supporting Ann and Azevedo. As they scale their businesses and drive innovation in their respective markets.” Nauiokas also noted that the funding round “demonstrates the continued strength of the fintech sector and the potential for disruptive startups to transform traditional industries.” The Series A funding round comes at a time when fintech investments are on the rise globally. According to a report by KPMG, global fintech investment reached $22.8 billion in the first quarter of 2021. Up from $17.7 billion in the previous quarter. The report also noted that the number of fintech deals increased by 9% during the same period.
In conclusion, the $20 million Series A funding round raised by Ann and Azevedo is a testament to the strength of the fintech sector. And the potential for disruptive startups to transform traditional industries. With the new funding, both companies are well-positioned to expand their operations and further develop their technology platforms.