Pantera Capital, a digital asset investment manager, is reportedly gearing up to launch a new fund, Pantera Fund V, aiming to raise over $1 billion. Here are the key details:
Scheduled for an April 2025 launch, Pantera Fund V will offer investors exposure to a broad range of blockchain-based assets, encompassing startup equity, early-stage tokens, and liquid tokens. This fund marks a departure from Pantera’s existing funds, which have more specific investment focuses.
Qualified investors are required to allocate a minimum of $1 million to participate in the fund. The first close is slated for April 1, 2025, with limited partners needing to contribute at least $25 million.
Pantera currently manages $5.2 billion across its four existing funds, highlighting its substantial presence in the digital asset investment space.
A $1 billion raise for Pantera Fund V would represent the largest fundraising effort in the cryptocurrency industry since May 2022, when Andreessen Horowitz raised $4.5 billion. Additionally, VC firm Paradigm is reportedly negotiating an $850 million raise for a new cryptocurrency fund, signaling a potential influx of institutional capital into the sector following a market rebound in 2023.
Despite recent market upticks, venture capital funding in the cryptocurrency industry remains below previous highs in 2021 and 2022. However, 2024 has seen over $3.5 billion raised across 604 funding rounds, indicating a potential surge in fundraising compared to 2023’s total of $9.3 billion.
Pantera recently invested in GameFi platform InfiniGods, leading its $8 million Series A round. This move underscores Pantera’s continued interest in emerging sectors within the blockchain space.
With Pantera Fund V’s ambitious fundraising goal and continued investment activity in promising projects like InfiniGods, Pantera Capital remains a significant player in shaping the future of blockchain-based investment.
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