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Pantera Capital seeks to raise $1 billion for new fund offering exposure to crypto assets

Gaining exposure to a wide range of cryptocurrencies and related projects, investors can expect the Panther fund to open doors to innovative opportunities.

Date: 2024-04-26 Author: Łukasz Michałek
Pantera Capital seeks to raise $1 billion for new fund offering exposure to crypto assets

Digital asset investment manager Pantera Capital is looking to raise more than $1 billion for a new fund that will give investors exposure to a wide range of blockchain-based assets.

According to an April 25 Bloomberg report, the fund, known as Pantera Fund V, is expected to launch in April 2025 and will serve as a comprehensive investment vehicle. It differs from Pantera’s existing funds, which focus on more specific investments, such as Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund and Venture Funds.

Investors will need to allocate at least $1 million

Qualified investors interested in participating in Pantera Fund V will be required to commit a minimum of $1 million. The first closing of the fund is expected to take place on April 1, 2025. Bloomberg reported that limited partners will have to contribute at least $25 million to participate in the fund.

Pantera’s website indicates that the Pantera V Fund will include various types of assets, including startup capital, early-stage tokens and liquid tokens. With its current funds, Pantera Capital manages a total of $5.2 billion in assets.

If successful, raising $1 billion for Pantera Fund V would mark the largest fundraising in the cryptocurrency industry since May 2022, when Andreessen Horowitz, a Silicon Valley-based venture capital firm, raised a record $4.5 billion.

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In addition, Paradigm, another VC firm, is negotiating to raise up to $850 million for a new cryptocurrency fund. These developments, along with Panther’s fundraising efforts, point to a resurgence of institutional capital flowing back into the sector after the market rebounds in 2023.

Recently, venture capital firm Andreessen Horowitz announced that it had raised $7.2 billion in investments in various technology-oriented sectors, including GameFi and artificial intelligence. However, its cryptocurrency-focused fund has not received any additional capital.

Crypto VC funding is experiencing a renaissance

The cryptocurrency industry has seen significant financial activity in 2024. As we reported, venture capital funding for cryptocurrency and blockchain projects saw its first quarterly growth since 2021.

More specifically, Web3 start-ups managed to raise nearly $1.9 billion in funding through 346 deals in the first quarter of 2024. This represents a significant increase of 58% over the previous quarter, providing a ray of hope amid a continuing downward trend in overall cryptocurrency VC interest.

The recent surge in funding can be attributed to investors who are looking at Web3 from a more long-term perspective, as opposed to the advertising hype-driven “travel investors” that have dominated in recent years.

Although large funding rounds were relatively rare in Q1, several significant investments stood out.

Exohood Labs, a company combining artificial intelligence, quantum computing and blockchain, secured a seed round worth $112 million at a valuation of $1.4 billion.

EigenLabs, a platform for “re-stacking” Ether tokens, raised $100 million in a Series B round led by cryptocurrency a16z.

In addition, Freechat, a decentralized social network built on blockchain technology, secured $80 million in a Series A round.

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Łukasz Michałek
Łukasz Michałek
Founder of the rapidly developing cryptocurrency channel "Biblia Kryptowalut" on YouTube. He also co-creates the Arena Trading group with Marek. Łukasz is fascinated and passionate about blockchain technology and cryptocurrencies, which constitute the central element of his activity in the cryptocurrency industry.
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