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Steve Cohen’s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo
The firm plans to use the funding to grow internationally and develop the company’s financial engineering platform.
Updated Sep 5, 2023, 9:02 a.m. Published Sep 5, 2023, 9:02 a.m.
GenTwo, a fintech platform that specializes in securitization, raised $15 million in a Series A funding round led by hedge fund luminary Steve Cohen’s Point72 Ventures, the company said on its website.
The Zurich-based firm plans to use the funding to grow internationally and to develop its financial engineering platform.
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The company’s PRO platform lets investors securitize and bring to market any asset or investment strategy in the form of a bankable security. It allows for non-bankable assets including real estate, fine art or digital assets to be made accessible to all investors.
Pete Casella, senior partner and co-head of fintech investments at Point72 Ventures, also joins GenTwo’s board of directors, the firm said.
Point72 Ventures is a global venture capital fund, based in New York and Menlo Park in California. Its investments range from $250,000 to $50 million, and it invests from pre-seed to pre-IPO.
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