Media: Pantera Capital will raise $1 billion to launch a new crypto fund

If successful, the launch will be the largest since 2022

26.04.2024 - 12:20

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1 min

What’s new? Pantera Capital, one of the largest digital asset management firms, plans to raise more than $1 billion for a new fund that will offer investors access to the full range of blockchain assets, Bloomberg reports. Pantera Fund V will be the company’s second all-purpose fund and will invest in early-stage startups, liquid tokens, and other assets.

Material by Bloomberg

What else is known? If successful, the fund will be the largest fundraising since the crypto sector collapsed in 2022 amid a series of bankruptcies. Pantera was trying to raise $1,25 billion for a second blockchain fund in September 2022. The Block cited sources as saying that this fund is not related to the upcoming Pantera Fund V.

Pantera manages $5,2 billion in assets and is one of the most active crypto investors; the company has invested in more than 180 startups, and its Liquid Token Fund has delivered a 66% return for Q1 2024.

This year alone, the company has participated in funding rounds for decentralized exchange (DEX) Thruster, lending DeFi protocol Morpho, platform Figure Markets, and others.

In March, total venture funding in the crypto sector grew by 53%, with 180 projects raising $1,16 billion.

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