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3Folio raised €700,000 in a seed round led by Blockpit AG to develop a platform for efficient crypto asset management for institutional investors.

Sep 26, 2024about 1 year ago

Amount Raised

€700,000

Round Type

seed

ViennaSoftware

Investors

Blockpit Ag

Description

The Viennese fintech company 3Folio has secured over €700,000 in seed financing. The funds will support the development of a new platform designed to assist institutional investors in managing and documenting their crypto assets.

Company Information

Company

3Folio

Location

Vienna, Vienna, Austria

About

3Folio's platform addresses key challenges faced by institutional investors in crypto tracking, accounting, and reporting. It streamlines administrative tasks, significantly reducing the effort required for portfolio reporting for family offices, crypto funds, and investment advisors.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech