Pantera Capital’s Third Blockchain Venture Fund Nears $175 Million Goal


Crypto investment firm Pantera Capital is reportedly close to securing the full $175 million it set out to raise for its third venture fund.

According to a recently published letter, Pantera has raised a total of $160 million and anticipates to complete the fundraising in the next month. The firm also noted that it has started to deploy the capital.

“The Fund has already invested $38 million into 11 portfolio companies,” writes Pantera. “We project making a total of 35 investments, with an average deal size of $3.5 million, and an 11% target average equity stake. Pantera has led five of the investments so far. Two of the deals have been follow-on rounds in existing portfolio companies.”

As we previously reported, Pantera’s third fund is focused on later stage rounds to support more mature crypto companies, as opposed to previous funds, which invested in 44 companies, that targeted the seed stage round.

The firm is currently interested in multiple investment areas including custody, commercial exchanges, asset management, institutional tools, infrastructure and marketplaces.

More: Pantera Blockchain Letter, March 2019
Interesting: Martin Weiss on Weiss Ratings’ New Data-Driven Crypto Ratings

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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