Pantera Capital’s First Venture Fund Did Pretty Well. Its Second Fund? Not So...
Pantera Capital’s venture capital returns, which have fallen by almost threefold, are beating startup investors but lagging the stock market.
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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....
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....
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....
The monster raise might be an indication that Pantera’s ambitions are inflating in lock-step with Bitcoin’s rising price. In a filing with the SEC yesterday, Bitcoin hedge fund giant Pantera Capital announced an equity offering of up to $134 million — among the largest capital fundraising efforts in the seven year history of the firm. Formed in 2013 as the first-ever Bitcoin fund in the United States, Pantera initially raised a comparatively measly $13 million, and later $25 million, according to reporting from Cointelegraph. But in 2018, the fund directed its efforts towards a larger....
Visa Inc. and Paypal have invested in Blockchain Capital’s new fund. The venture capital firm focuses exclusively on the crypto ecosystem and blockchain technology. Blockchain Capital Raises $300M for Its New Fund Blockchain Capital announced Tuesday that it has raised $300 million for its 5th venture capital fund (Fund V). Paypal and Visa were among the investors. Others include pension funds, major university endowments, and family offices from around the world, the company said, adding that select investors, including Paypal and Visa, will participate in its strategic partnership....