Pantera Capital Sets Sights On New Crypto Investment Fund With $1 Billion In Fundraising Efforts

Pantera Capital is projecting to raise a similar amount to its most recent fund, which closed on $1.25 billion two years ago.

According to Bloomberg, veteran venture capital firm Pantera Capital is in talks to raise $1 billion for a new cryptocurrency fund. The fund, called Pantera Fund V, will focus on investing in early-stage startups and blockchain assets.-

If successful, this would be the largest fund since the crypto industry’s 2022 bear market and bankruptcies. In addition to Pantera, venture capital firm Paradigm is also looking to raise $850 million for a new crypto fund.

In September 2022, Pantera reached its target of raising $1.25 billion for its second blockchain fund. The source noted that Pantera Fund V will be completely separate from this $1.25 billion fund.

The Liquid Token Fund returned 66% for Pantera in the first quarter of 2024. Earlier this year, Pantera also raised capital to buy back $250 million of SOL at a discount from the bankrupt FTX exchange, as CoinNerd reported.

Pantera is one of the largest cryptocurrency investment funds today, led by Dan Morehead, a veteran Bitcoin investor who once served as CEO of Tiger Management. Since its inception, the firm has invested in over 180 startups in the industry. Pantera manages 3 strategic funds, with assets totaling $5.2 billion.

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