1. Home
  2. News
  3. Funding Rounds

Pantera Capital Launches Third Crypto Fund with $71 Million from 90 Investors

News
Pantera Capital Launches Third Crypto Fund with $71 Million from 90 Investors

Cryptocurrency-focused investment fund Pantera Capital has launched a third crypto fund with $71 million in capital already committed from 90 investors.

A Form D document filed with the US Securities and Exchange Commission on August 15 reports that an entity called Pantera Venture Fund III LP raised $71,445,000 from 90 accredited investors. Although Pantera declined to disclose how much capital the fund will seek, TechCrunch reported that the firm is aiming to raise $175 million in total.

Despite Pantera’s low performance figures for the first half of 2018, founder and managing director Dan Morehead claimed in an open letter commemorating Pantera’s 5-year anniversary that the fund had generated a lifetime return of over 10,000 percent.

Pantera unveiled the first investment for its new Venture Fund III in an August 15 blog post, revealing that the fund would be investing in Bakkt, a digital assets platform launched by NYSE parent company ICE earlier in August.

Among other investments, Pantera participated in a $45 million funding round for Oasis Labs, and committed multimillion dollar investments in Circle, Bitstamp, Ripple, Augur, ZCash and OpenToken.

16 Aug 2018

Subscribe to our newsletter

Our newsletters are sent on a regular basis and are aiming to provide you most overall market situation

Latest news

Ripple Overtakes Ethereum To Become Second After Bitcoin

Ripple (XRP) has overtaken Ethereum...
22 Sep 2018

New Token Listings: VeChain and Gemini USD

New Token Listings: VeChain and Gem...
21 Sep 2018

New Release: Fortuna

Fortuna has launched a beta version...
21 Sep 2018

ICORating Is Media Partner For Crypto Economy World

Crypto Economy World is a series of...
21 Sep 2018

ICORating To Participate In Blockchain East Summit

The Blockchain East Summit and Trad...
20 Sep 2018

ICORating Announces Collaboration With Binance Info

ICORating and Binance Info are now ...
20 Sep 2018

New Token Listings: ChainLink and Waves Platform

Trading pairs of initial coin offer...
20 Sep 2018

New Releases: Remme And Tezos

Remme and Tezos have officially lau...
19 Sep 2018

Poloniex To Delist Assets On September 25

Poloniex crypto exchange is set to ...
19 Sep 2018