Point72 Ventures Leads Swiss Fintech GenTwo’s $15M Series A Round

Leo Henry 05-09-2023 10:08:23

CoinCarp News: GenTwo announced that it has raised $15 million in a Series A round led by Point72 Ventures

GenTwo, a Zurich-based fintech platform that enables investors to securitize any asset or strategy, announced that it has raised $15 million in a Series A round led by Point72 Ventures, the venture capital arm of hedge fund giant Steve Cohen. The funding will help GenTwo expand its global presence and enhance its financial engineering platform, according to its website.

GenTwo’s PRO platform allows investors to create and market bankable securities from non-bankable assets such as real estate, fine art or digital assets. The platform also simplifies the securitization process and reduces the costs and risks involved.

GenTwo claims that its platform can democratize access to alternative investments and unlock new sources of returns for investors. As part of the deal, Pete Casella, senior partner and co-head of fintech investments at Point72 Ventures, will join GenTwo’s board of directors.

Point72 Ventures is a global venture capital fund that invests in early-stage companies across fintech, artificial intelligence, enterprise technology and cybersecurity sectors. The fund has offices in New York and Menlo Park in California.

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Leo Henry

Leo Henry is the official editor of CoinCarp.com. He has a background in finance and economics, and he has been involved in the crypto space since 2015. He has a keen eye for quality and accuracy, and he oversees the editorial content and direction of CoinCarp.com. He is also a prolific writer and speaker, who has contributed to various publications and events. He is passionate about sharing his knowledge and insights with the crypto community and beyond.