Pantera Capital Raises $71 Million From Third Crypto Fund

Pantera Capital Has Raised $71 Million So Far for Third Crypto Fund

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  • Pantera Capital announced that $71 Million has been raised from 3rd cryptocurrency fund.
  • Reports have it that Pantera aims to raise at least $175 million from the cryptocurrency fund.

As stated in the reports, Pantera Capital who began its 3rd version of cryptocurrency fund recently has realized about $71.45 million. The firm revealed that nothing less than $71 million has been committed to the 3rd cryptocurrency fund.

Last Wednesday, the Blockchain firm presented a filing to the US SEC in respect of the new 3rd cryptocurrency fund. The filing revealed that this 3rd investment scheme is named “Venture Fund III” and it began its initial offering on 31st July. Presently, the scheme has made about $71.45 million from a total of ninety investors.

Nevertheless, it remains uncertain presently the amount of fund Pantera seeks more to make raise through the scheme, however, TechCrunch has released a report today that Pantera Capital has the plan of raising a total of about $175 million from the scheme.

Previous filings with the US Securities and Exchange Commission showed that Pantera capital made about $13 million two years ago for its Venture Fund II and about $25 million last year for its Initial Coin Offering.

Also last Wednesday, Pantera published an article which stated that this new investment scheme has made its first blockchain wager through investment in Bakkt – a platform for trading cryptos created by ICE this month.

The article further revealed that Pantera Capital made about 10,000% return over the last five years from its investments in several cryptocurrency-related schemes. The firm has investments in crypto exchanges like Shapeshif, Korbit, and Bitstamp, and also in payment start-ups, such as Ripples and Circle.

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