Joy Laoun
News Editor, Vestbee
The new fund saw support from banks, development finance institutions, pension funds, insurance companies, and family offices.
The new Verne Capital fund received support from public and private investors associated with the founders’ previous fund Futury.
The new fund saw support from Equation Capital, Denmark’s Export and Investment Fund (EIFO), Blue Wire Capital, Basecamp, and Skaala.
The round was led by Dutch venture capital firm TIN Capital.
As of now, Finerd has no MVP, users, or any traction, and its burn rate reaches $100,000 per month.
The Series A was co-led by CapAgro, Hoxton Ventures, CapHorn, and Demeter.