Rerail, an angel fund for fintech startups, has closed on a $20 million warchest.
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Rerail is the pet project of formmer Anthemis, Speedinvest and Cocoa alum Anthony Danon.
The new fund, which is backed by an array of founders and operators, will invest $200-500k at pre-seed/seed into entrepreneurs looking to utilize fintech as a strategic advantage, with a skew to Europe, but also with an eye on global opportunities.
“Everything is fintech,” says Danon. “I believe that fintech is a horizontal, not a vertical; the support function of any market. From climate to healthcare and logistics, fintech supports every market. Fintech can also be a revenue model (e.g. vertical SaaS, marketplaces), a target customer, or just a business component. Rerail seeks to invest in founders that can utilize fintech not in fintech companies only.”