Pantera Capital, a prominent cryptocurrency investment firm has raised $600 million for its new crypto-asset funds during its latest financing round, according to a tech news outlet The Information.
- About three-quarters of the $600 million haul was reportedly contributed by institutional investors, such as pension funds and sovereign wealth funds. This represents a stark contrast to the earlier investment round in 2018, where wealthy crypto investors accounted for the largest share of raised capital.
- The fund will be used to invest in venture equity, crypto assets, and up-and-coming blockchain projects that have tokens in development. The company is planning the fund to reach $1 billion in assets under management.
- Pantera was originally launched by Dan Morehead in 2003 as a global hedge fund but has later shifted its attention to digital assets. In 2013, Pantera became the first U.S. institutional asset manager to focus solely on blockchain.
- Pantera Bitcoin Fund was the company’s first crypto fund. It was established in 2013 and remains operational to this day. The minimum investment is $100,000 and is open to accredited investors from around the world.
- Pantera manages a diversified portfolio, including some of the most prominent ventures in the cryptocurrency sector, such as Bitstamp, Coinbase, Filecoin, Polkadot, XRP, to name just a few. In total, Pantera has backed more than 80 blockchain companies and 65 early-stage token deals.
David is a crypto enthusiast and an expert in personal finance. He has created numerous publications for different platforms. He loves to explore new things, and that’s how he discovered blockchain in the first place.