Pantera Capitals Crypto Fund has raised $ 369 million since July

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Pantera Capital has raised $ 369 million from 107 investors for its new blockchain fund, which was disclosed on Friday September 10 in regulatory documents, and is leaving the fund open indefinitely.

$ 369 million in the latest blockchain fund

Pantera Capital has raised $ 369 million for its latest blockchain fund, disclosed in regulatory documents on Friday, September 10, 2021. A blockchain fund is used to invest in companies involved in transforming business applications through blockchain innovation, or to invest in futures and options. linked to the performance of other cryptocurrencies. Panteras’ announcement comes amid announcements of substantial funds from other venture capital firms for crypto investments, including $ 2.2 billion from a16z, announced in June 2021. A16z, by the US firm venture capitalist Andreessen Horowitz, has previously invested successfully in the crypto exchange, Coinbase, using a crypto-investment fund. The Panteras fund will remain open indefinitely, since it has not yet reached its target of $ 600 million, set in May 2021.

Pantera Capitals investment model

Pantera Capital describes itself as the leading institutional asset manager in the United States, holding $ 4.7 billion in assets under management as of August 31, according to an investor. It invests funds in startup equity, startup protocol tokens, and other more well-known assets, such as bitcoin. Start-up equity refers to a percentage ownership of the start-up. Investing in protocol tokens at an early stage involves meeting with protocol developers when they have a new idea, investing in the project, and then helping them grow until they go public. Pantera has invested in companies such as Balancer and Pintu, an Indonesian stock exchange.

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