Borenius advised Augmentum Fintech Plc on the deal. Castrén & Snellman advised Tesseract Group Oy.
Tesseract, the leading institutional digital asset lending company in Europe and emerging markets, has raised USD 25 million in its Series A funding round.
The first funding round in Europe focusing on the sector is led by Augmentum Fintech, a London-based leader in FinTech investments. Other participants in the round include global venture capital firms BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners Family Office, LeadBlock Partners, and Sapphire Ventures. Industry participants Coinbase Ventures, Wintermute, and Woorton also subscribed to the round along with undisclosed local and international investors and strategic angels. Icebreaker.vc, which made its first investment in Tesseract in 2018, also participated in the round.
Tesseract is a diversified financial services and investment management innovator in digital assets, powered by world-class technology. Founded in 2017, Tesseract is a forerunner in the ever-evolving digital asset sector and has multi-disciplinary expertise in providing industry-leading solutions in investments, portfolio management, capital markets operations, and blockchain technology. A high-growth, cash-flow positive operation, Tesseract manages hundreds of millions in assets for its customers, is regulated by the Finnish Financial Supervisory Authority, and operates globally.
Augmentum is a London-listed venture capital investor that focuses on the FinTech sector.
The Borenius team included Samuli Simojoki (Picture), Eeva Terho, Einari Karhu, Anna Lehtomaa, Henna Jovio and Tuomas Tuominen.
The Castrén & Snellman team included Jarno Tanhuanpää, Karlo Siirala, Hannu Huotilainen, Sampsa Purojärvi and Miika Junttila.
Involved fees earner: Henna Jovio – Borenius Attorneys Ltd; Einari Karhu – Borenius Attorneys Ltd; Anna Lehtomaa – Borenius Attorneys Ltd; Samuli Simojoki – Borenius Attorneys Ltd; Eeva Terho – Borenius Attorneys Ltd; Tuomas Tuominen – Borenius Attorneys Ltd; Hannu Huotilainen – Castrén & Snellman; Miika Junttila – Castrén & Snellman; Sampsa Purojärvi – Castrén & Snellman; Karlo Siirala – Castrén & Snellman; Jarno Tanhuanpää – Castrén & Snellman;