Pantera Capital’s Crypto Fund Has Raised $369M Since July

Crypto Investment Firm, Pantera Capital has raised $369M for its new blockchain fund.

The fund is meant to be a multi-purposed crypto-investment war chest.

$369M in latest blockchain fund

Pantera Capital has raised $369M for its latest blockchain fund, disclosed in regulatory filings on Friday, 10 September 2021.  A blockchain fund is used to invest in companies involved with the transformation of business applications through blockchain innovation, or to invest in futures and options tied to the performance of other cryptocurrencies.

Pantera’s announcement comes amidst other venture capital firms’ announcements of substantial funds, intended for crypto-investments, including a $2.2B from a16z, announced in June 2021.  A16z, by American venture capital firm Andreessen Horowitz, has previously successfully invested in crypto exchange, Coinbase, using a crypto-investment fund. Pantera’s fund will remain open indefinitely, since it has not yet reached its goal of $600M, set in May 2021.

Pantera Capital’s investment model

Pantera Capital is self-described as the first United States Institutional Asset Manager, holding $4.7B in assets under management, on August 31, according to an investor deck.  It invests funds in startup equity, early-stage protocol tokens, and other more well-known assets, such as bitcoin.  Startup equity refers to an owner of the percentage of the startup. Investing in early-stage protocol tokens involves meeting with protocol developers when they have a new idea, investing in the project, and then helping them to grow until they become public.  Pantera has invested in companies such as Balancer, and Pintu, an Indonesian exchange.