Fintech founders have a new angel investor to watch for early-stage investments. Rerail, a fresh angel fund founded by Anthony Danon, is gaining attention for its focused approach to fintech and adjacent sectors.
With over a decade of experience as an investor, Danon began his career at Anthemis Group in London in 2014. He participated in significant rounds such as TrueLayer’s seed investment. His ascent in the venture capital (VC) world led him to become a partner at Speedinves. Here, he honed his focus on fintech and backed promising startups like Primer and Wayflyer.
Danon believes fintech should be viewed as a horizontal solution across various industries, supporting markets such as healthcare, insurance, logistics, and trade. “Fintech solutions is not just about neobanks, lending, or payments; it’s the backbone of all industries,” he explained.
In 2021, Danon and fellow VC Carmen Alfonso Rico teamed up to co-found Cocoa, a small, early-stage fund that invested like an angel investor, though never in the lead role. After making 35 investments together, the pair amicably decided to part ways and raise separate funds, with Danon choosing to focus more intently on fintech through his own vehicle, Rerail.
Pivoting to Rerail as an angel fund
Rerail is a $20 million fund aimed at supporting early-stage fintech startups with investments ranging from $200,000 to $500,000. Danon has already surpassed his fundraising target, closing at $20.5 million. The final figure is expected to be slightly higher. His LP base primarily consists of founders and operators, with a few institutional backers.
Through Rerail, Danon will leverage his extensive network of founders and investors to support startups. He will do this not just financially, but also with strategic advice and connections. “I don’t pretend to know more than the founders—I learn from them. But I can open doors and bring investors to the cap table,” he said.
Danon has already made Rerail’s first investment, though the details of the startup are yet to be disclosed. His goal is to provide fintech startups with the support they need to thrive, drawing from his extensive experience and network.
