Fence
Summary active Updated Apr 30, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Founders
About
Fence is a Madrid-based blockchain infrastructure company focused on automating the back end of the asset-backed finance market 123. Founded in 2023 by Juan Montero and Gonzalo Bandeira, the company uses smart contracts behind the scenes to manage cash, collateral, verification, calculation, and payment functions in securitization deals — replacing manual administration rather than fronting tokens or crypto wallets to clients 23. Fence reports overseeing approximately $1.5 billion in assets across its platform, with clients including BlackRock, Fortress, i80 Group, and BBVA 123. Following the 2026 round, CEO Juan Montero is relocating to New York to lead growth of the company’s NYC team 12.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2023-11-20 | Pre-Seed/Seed | €1.8M | Semantic Ventures | Actyus, Paula Blazquez Solano, Mark Ransford, Didier Valet, Luca Ascani, Baptiste Cota 45 |
| 2026-04-29 | Series A | $20M | Galaxy Ventures | ParaFi Capital, Crane Ventures Partners 123 |
ParaFi Capital and Crane Ventures Partners (formerly MassMutual Ventures) participated in the 2026 round as reinvesting seed-stage backers 1.
What Investors Say
No independently sourced investor quotes found.
What Founders Say
No independently sourced founder testimonials found.
Sources
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“Fence raises $20m to modernise asset-backed finance,” FinTech Global, April 30, 2026. https://fintech.global/2026/04/30/fence-raises-20m-to-modernise-asset-backed-finance/↩↩↩↩↩
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“Galaxy Digital Leads $20 Million Investment in Fence to Overhaul Back End of $6 Trillion Credit Market,” CoinDesk, April 28, 2026. https://www.coindesk.com/business/2026/04/28/galaxy-digital-leads-usd20-million-investment-in-fence-to-overhaul-back-end-of-usd6-trillion-credit-market↩↩↩↩↩
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“Fence raises $20M from Galaxy to tokenize $6T asset-backed finance market,” crypto.news, April 2026. https://crypto.news/fence-raises-20m-from-galaxy-to-tokenize-6t-asset-backed-finance-market/↩↩↩↩
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“Madrid-based Fence raises €1.8 million to automate debt operations with blockchain management platform,” EU-Startups, November 21, 2023. https://www.eu-startups.com/2023/11/madrid-based-fence-raises-e1-8-million-to-automate-debt-operations-with-blockchain-management-platform/↩
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“Spanish startup Fence attracts €1.8m for transforming debt operations with blockchain,” FinTech Global, November 21, 2023. https://fintech.global/2023/11/21/spanish-startup-fence-attracts-e1-8m-for-transforming-debt-operations-with-blockchain/↩