Topic: €4,000,000! ICONIC HOLDING CLOSES ITS SERIES A FINANCING ROUND (Read 189 times)

Frankfurt, July 16, 2020 — Iconic Holding (“Iconic”) is pleased to announce the closing of its Series A financing round. The final tranche of the investment round was led by Titania Investment Group, with existing shareholders FinLab AG, High-Tech Gründerfonds and Cryptology Asset Group all participating. The overall fundraise from the issuance of preferred shares in the financing round was nearly €4,000,000.

Iconic plans to use the additional funds to expand the Iconic Funds group’s crypto asset investment vehicle offerings as well as scale its newly launched Multi-Manager platform.

Iconic Funds aims to drive the adoption of crypto as an asset class by making it investable through a series of indexed, crypto asset investment vehicles. Investors may gain passive and diversified exposure to the performance of the world’s fastest growing asset class through familiar means and traditional investment product structures. Iconic Funds is planning a multitude of new vehicles to be issued in 2020.

Iconic’s Multi-Manager platform enables up-and-coming crypto asset managers to leverage Iconic’s own infrastructure and network to launch an investment fund cheaply and quickly for their own active crypto investment strategy. Iconic announced Napoleon Asset Management as the first asset manager to join the platform last month and is actively sourcing new managers to join the platform.

“We are ecstatic to have the ongoing support of our investors and to welcome our new shareholders, Titania, to the Iconic family,” said Patrick Lowry, CEO of Iconic. “The additional capital will permit the Iconic group to expand on its world-class crypto investment product offerings as well as scale our presence internationally.”
Kira von Wolff, co-founder of Titania, said “I made my career rising the corporate ladder in the seafood industry. Today, I am thrilled and grateful for the opportunity to collaborate with Iconic and explore new horizons. For me, being a shareholder means being part of the team and sharing the values of creativity, innovation and excellence that Iconic represents. I hope I may inspire individual investors to expand their investment portfolios outside of their comfort zone as well as encourage more female investors and executives to join the male-dominated crypto industry to increase its diversity of thought.”

Oliver von Wolff, co-founder of Titania, who also joined Iconic as CFO last October, said “Our vision is to become the world’s premier crypto asset management group. Nobody said this would be easy, and we see ourselves as pioneers and being well positioned in this regard. We aim to be a market leader and drive significant value to our shareholders as well as investors interested in crypto assets. Iconic has proven itself to be both professional and resilient, not only through the so-called ‘crypto winter’, but in the face of an unprecedented economic environment disrupted by a global pandemic. The strong spirit of the company’s inspirational team has led me to believe in its future success even more!”

About Iconic Holding:
Iconic Holding (“Iconic”) is a global crypto asset management group headquartered in Frankfurt, Germany with offices in Singapore and New York. Iconic launched Iconic Lab, a crypto and blockchain-focused venture capital group and accelerator program, in early 2017. Iconic Funds, a joint venture of Iconic and Cryptology Asset Group, founded by Christian Angermayer and Mike Novogratz, is issuing a series of crypto asset index investment vehicles via its subsidiaries. Iconic is also the operator of a Multi-Manager platform for external, active crypto asset managers and is the issuer of the ICNQ token. Iconic Holding is a portfolio company of FinLab AG (WKN 121806 / ISIN DE0001218063 / ticker symbol: A7A), High-Tech Gründerfonds (“HTGF”), Cryptology Asset Group PLC and Titania Investment Group OÜ.

Press contact:
Iconic Holding GmbH:
[email protected]
www.iconicholding.com

About Titania Investment Group:
Titania Investment Group OÜ is the private investment company of the von Wolff family. Founded by Oliver and Kira von Wolff, Titania Investment Group actively seeks international growth-stage, fintech companies that are expanding their product portfolios and global presence.

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