German Family Office, Lennertz Plans to Raise $165M For Crypto Fund

Lennertz & Co., a German family office, aims to secure $165 million for its third fund of funds, focusing on crypto and blockchain. According to the company’s head of fund investments Oksana Tiedt, the move underscores its increasing involvement in the blockchain and Web3 industries. 

Lennertz Funds Venture Capital Firms

Unlike some investment firms, Lennertz does not directly invest in cryptocurrencies. Instead, it takes a more strategic approach by funding venture capital firms that back early-stage blockchain and Web3 projects. This method allows Lennertz to gain exposure to cutting-edge innovations within the blockchain ecosystem without the direct risks of holding cryptocurrencies.

The new fund will primarily focus on investments in the United States. However, the firm is also eyeing opportunities within Europe, where blockchain and digital asset adoption have increased rapidly. Meanwhile, blockchain investments account for about 10-12% of Lennertz’s overall portfolio. This is a clear indication of its long-term strategic commitment to this sector. 

Its first fund backed prominent players like Polychain, Multicoin, and Hack VC. The success of the first fund enabled it to introduce a second blockchain fund in 2022, securing $65 million. This strategy aligns with the family office’s broader investment philosophy of seeking long-term value in high-growth sectors.

Pantera Capital is Making a Similar Move

Pantera Capital is reportedly gearing up to raise over $1 billion for a new fund that will expose investors to several blockchain-based assets. Set to launch in April 2025, the Pantera Fund V is the firm’s ‘all-in-one’ fund. The fund is in contrast to its existing funds like the Early Stage Token Fund, Bitcoin Fund, and Venture Funds, with more specific investment focuses.

Qualified investors will commit a minimum of $1 million to the fund while limited partners will contribute a minimum of $25 million. The fund is scheduled to close on April 1, 2025. As reported by TheCoinRise.com, the Pantera Fund V will include various asset types such as startup equity, and liquid tokens.

Blockchain Firm Raises Fund Amid AI Boom

Recall that Gensyn, a blockchain-based marketplace protocol announced the success of its Series A fundraising round. The exact valuation of Gensyn was undisclosed after the Series A funding. However, the company’s success in raising $43 million demonstrates strong investor interest and support.

Artificial Intelligence (AI) is gaining popularity, and Gensyn intends to profit from this rising demand. With the new funding, the company plans to speed the rollout of its marketplace protocol and grow its personnel to meet its ambitious goals. Leading the investment was a16z Crypto, a renowned venture capital firm specializing in crypto and blockchain technologies. 

Interestingly, the funding rounds demonstrate the industry’s resilience and the belief in the potential of decentralized platforms.