Finoa in a €12M funding round led by Balderton Capital.

Finoa, a Berlin, Germany-based developer of custody and asset-servicing solutions for Digital Assets, secured a €12M ($14.1M) capital funding round.

The money was raised from investors including Balderton Capital.

Finoa, founded in 2018 by Henrik Gebbing and Christopher May, developed a custody platform that enables its users to securely store and manage their cryptographic tokens, while providing a directly accessible, highly intuitive and unique user-experience. The custody infrastructure serves as the base to a growing product portfolio, such as Prime Brokerage, Tokenization Services, Lending, Staking or Investment Services/Wealth Management.

Business cases includes working with customers such as institutional investors (Asset Managers, VCs, Family Offices), HNWI and corporations.

Finoa previously raised a seed funding round in 2020, backed by Venture Stars, coparion, Signature Ventures and angel investor Frank Geßner.