Categories: Market

Pantera Capital Blockchain Fund raises $ 369 million from 107 investors

Pantera Capital has raised $ 369 million from 107 investors for its new blockchain fund and will keep the fund open indefinitely.

This fund is used to invest in companies involved in transforming business applications through blockchain innovation or in futures and options that are linked to the performance of cryptocurrencies.

Pantera’s announcement comes as other venture capital firms are also desperate to raise capital for crypto funds, particularly a16z’s $ 2.2 billion investment announced in June 2021. A16z has previously successfully invested in Coinbase Exchange with crypto funds. Pantera’s fund will remain open indefinitely as it has not yet reached its $ 600 million target.

Investment model from Pantera Capital

Pantera Capital calls itself the first US institutional asset manager with $ 4.7 billion in assets under management.

Startup Equity refers to the percentage of the startup. Early stage protocol tokens include meeting the developers from the start, investing in the project, and then helping the project grow through to release. Pantera has invested in companies such as Balancer and Pintu, an Indonesian exchange.


We invite you to join our Telegram for faster news: https://t.me/coincunews

Annie

According to Beincrypto

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

 

Previous postWill Algorand (ALGO) be the next potential candidate to compete with Ethereum?

 

CoinX

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

2 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

5 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

7 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

8 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

11 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

14 hours ago

This website uses cookies.