The venture capital group, supported by Wilson and his partners from the Chicago DRW Holdings, has invested in 23 young so-called Fintech businesses, more than doubling their portfolio since 2015, even though they focus on building their trading business.
In recent years, the volume of investments in enterprises in the field of financial technology has grown significantly, and last year in this sector of the US investment was three times more than in 2012. Wilson and his partners are part of this and have the advantage of their many years of experience in the financial markets, but they also face growing competition.
Last year, venture capital of $ 3.1 billion was sent to Fintech in the US, almost three times more than $ 1.1 billion in 2012, according to data from Dow Jones Data VentureSource. Investments of $ 3.4 billion in the third quarter of this year maintained momentum, although they did not reach peak levels in 2015 at $ 5.9 billion.
DRW grew thanks to Wilson’s success in trading Euro-dollars. Together with partners, he founded the firm in 1992, but later he focused on real estate, venture capital and, more recently, bitcoin business.
Trading firms merged due to lower volatility in the US markets, increased competition and high technological costs, which compress the rate of return. DRW was on the side of buying this trend, absorbing competitors such as Austin, Texas RGM Advisors. Now he has 800 employees in offices in London, New York, Montreal, Austin, Houston and Singapore.
We recently reported that raising funds from venture capital in the past 12 months has doubled to 1.32 billion.