Pantera to close Blockchain Fund soon after raising $1.3B — double the target
Pantera Capital CEO Dan Morehead expects the $1.3 billion blockchain fund to close over the next “three or four weeks” once the due diligence from large institutions has been wrapped up. Crypto hedge fund giant Pantera Capital is set to close a blockchain fund next month that is backed by around $1.3 billion worth of capital. The Pantera Blockchain Fund was announced in May last year, with plans to raise $600 million to invest in early-stage tokens, venture equity, Web3 firms and tokens with strong liquidity. It has since surpassed that target significantly, with the firm revealing last....
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“We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said CEO Dan Morehead. Dan Morehead, founder and CEO of Pantera Capital, reportedly said the hedge fund was planning to raise $1.25 billion for a second blockchain fund.According to a Sept. 28 Bloomberg report, Morehead said Pantera aimed to close the blockchain fund by May. The fund will reportedly invest in digital tokens and equity in an effort to appeal to institutional investors.“We want to provide liquidity for people that are kind of giving up because....
In a recent deep dive into Bitcoin’s historical performance and future potential, Pantera Capital, the fifth-largest crypto hedge fund by AUM, has projected a staggering $148,000 price target for BTC post its next halving event. When Bitcoin Price Could Reach $150,000 The “Blockchain Letter” released by Pantera Capital meticulously analyzes BTC’s past halving events and […]
Pantera Capital partner and chief technology officer Steven Waterhouse has departed the bitcoin and blockchain-focused venture capital firm. Founded in 2013, Pantera is one of the ecosystem’s largest VC firms, boasting a portfolio that includes some of its biggest success stories, including 21 Inc, Abra and Xapo. Waterhouse also served as a board advisor for bitcoin exchange Bitstamp and the now-defunct social tipping startup ChangeTip. A source close to the venture fund told CoinDesk that Waterhouse "wasn’t a fit" for the firm given its current ambitions, but did not disclose....
Venture firm Blockchain Capital has closed its second investment fund for bitcoin and blockchain technology startups after raising $13m. According to Forbes, the fundraise was oversubscribed, having had an original target of $10m. The announcement follows Blockchain Capital's $7m fund, revealed last June. The firm said that it drew from the second fund over the course of 2015, using the proceeds to make investments in 23 startups focused on bitcoin and blockchain projects. Brad Stephens, managing partner for the firm, said in a statement: "We are excited to announce the closing of our....
Pantera Capital’s new $25 million USD fund will invest in Brave Browser and Abra, two innovative Bitcoin-based apps. Pantera Capital’s New $25 Fund. Dan Morehead, founder and CEO of Pantera Capital, recently revealed details regarding their new investment fund in an interview with TechCrunch. While Bitcoin was the main focus of the interview, Morehead disclosed information regarding two of the companies that will receive new funding from Pantera Capital. Following the closure of the first fund, which amassed over $100 million USD in capital and invested in Bitcoin-based startups Xapo and....