Pantera Capital Eyes ‘Mature’ Crypto Companies With New $200M Fund
The Pantera Select Fund will focus on “revenue-generating companies,” the crypto VC firm said in an investor letter.
Apr 6, 2022 at 3:23 p.m. UTCUpdated May 11, 2023 at 4:05 p.m. UTC
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Crypto investment firm Pantera Capital, which has $5.8 billion in assets under management, is raising $200 million for a fund focused on “more mature, revenue-generating companies” than Pantera’s typical early-stage investments, according to an investment letter published Monday.
- The Pantera Select Fund will be “smaller, more targeted and therefore more concentrated than a typical growth fund,” wrote the firm.
- The Pantera Select Fund expects to initially invest in crypto-finance firm Amber (which raised $200 million in February), an unspecified Indian crypto exchange and a top provider of non-fungible token (NFT) domain names, the letter said.
- The deadline for limited partners to pony up checks is May 1.
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Brandy covered crypto-related venture capital deals for CoinDesk.