Pantera Capital Plans to Raise Over $1B for Blockchain Fund

April 26, 2024

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Pantera Capital, a digital asset investment manager, is reportedly gearing up to raise more than $1 billion for a new fund aimed at providing investors exposure to a wide range of blockchain-based assets.

Set to launch in April 2025, the Pantera Fund V will be the firm’s ‘all-in-one’ fund, in contrast to its existing funds like the Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund, and Venture Funds, which have more specific investment focuses.

Pantera Capital’s New Fund

Qualified investors will need to commit a minimum of $1 million to the fund, with limited partners required to contribute a minimum of $25 million. The first close for the fund is scheduled for April 1, 2025.

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According to Pantera Capital’s website, the Pantera Fund V will include various asset types such as startup equity, early-stage tokens, and liquid tokens.

With $5.2 billion in assets under management (AUM) across its existing funds, Pantera’s $1 billion raise would be the largest in the cryptocurrency industry since May 2022, when Andreessen Horowitz raised $4.5 billion.

Paradigm is Making a Similar Move

VC firm Paradigm is also reportedly negotiating a raise of up to $850 million for a new cryptocurrency fund, indicating a potential resurgence of institutional capital in the sector following a market rebound in 2023.

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While venture capital firm Andreessen Horowitz recently raised $7.2 billion for investments across various technology sectors, including GameFi and artificial intelligence, its cryptocurrency-focused fund did not receive additional capital.

Pantera Shifts Focus to GameFi

Meanwhile, Pantera has increased its focus on the GameFi platform InfiniGods, exclusively leading its $8 million Series A round announced on April 25.

In 2024, over $3.5 billion has been raised across 604 funding rounds in the cryptocurrency industry so far. If this trend continues, funding for the year is expected to surpass the $9.3 billion raised in 2023 by a significant margin, according to RootData.

Despite this recent uptick, venture capital funding remains below the highs seen in 2021 and 2022, which saw $31.2 billion and $29.3 billion raised, respectively.

As reported earlier by TheCoinRise, Pantera Capital’s early-stage token fund has lost more than half of its value in 2022 after giving a 350% return on investment since its launch in 2017.