Cryptocurrency-focused investment firm Pantera Capital plans to complete its first blockchain fund, called the Pantera Blockchain Fund, in 3-4 weeks.
under his management 6 billion dollar fund Pantera Capital was launched in May last year to invest in emerging projects, web3 firms and tokens with strong liquidity. Raising $600 million in capital announced their plans.
Since that time from $1.3 billion Stating that they have raised more capital, the company called the Pantera Blockchain Fund. in 3-4 weeks stated that they will complete it.
Pantera Capital CEO Dan Morehead, who said they will close the fund in early May:
We are completing the blockchain fund. I think it will be around $1.3 billion in the next three or four weeks.
made statements.
Stating that they will return with a fund that will have a larger and longer investment period in 2024, the CEO announced another fund called Pantera Select Fund. 200 million dollars capital stated that they will close with In addition, Morehead announced that they will use the Pantera Select Fund to support companies that are already operating.
Morehead, with this fund Investment in about 10 companies in 18 months stated that they will focus on more advanced companies instead of indications and venture projects.