Pantera raised $ 125 million for its third crypto Fund.

[Paha87]

The venture company Pantera Capital, specializing in cryptocurrencies, attracted most of the funds for its new Fund for $175 million, closing the investment round.

According to data obtained by CoinDesk, at the moment 125 million dollars were invested in the third Fund. However, since August last year, only $ 25 million was received when Pantera told CNBC that $ 100 million had already been raised.

Partner Pantera Paul Verdichtet said in an interview:

We are in a bear market and fundraising has slowed for the entire industry, whether you are an entrepreneur or a Fund. The initial fundraising from Pantera came from wealthy individuals, family offices and others who could quickly transfer money.

However, Verdichtet optimistic about the closing of the funding round. According to him, Pantera "holds many meetings" with a new category of sponsors: institutional investors, such as charities and even pension funds. He expects that there will be larger checks ahead, although those that will take more time than traditional supporters of the company.

Late stage investments

The new Fund will "invest in later stages of supporting more Mature companies" than the company's past funds. Verdichtet says that this approach enables the firm to play a more active role in growing companies, including to take seats in the Board of Directors. "This is exactly where we want to fit in," said the head of the venture company.

Half of the capital in the Fund will be reserved for subsequent financing for investments in the amount of 3 to 8 million dollars to increase the share of the Fund to 15%. At the initial stage, the Fund will direct investments in the amount of 1 to 3 million dollars, buying out a share of 10-20%.

The previous two Pantera's Fund has invested in 44 companies. According to forecasts, the new Fund will support from 30 to 50 companies.

New approach

Pantera also plans to do much more hybrid financing rounds - equity and token equity. "There is a huge shift in the balance sheet of companies," said Veraditkit, pointing to the six areas his venture Fund is considering: storage, commercial exchanges, asset management, institutional tools, infrastructure, and markets.

Recent investments from Pantera include Synthetic Minds-automated code verification; Staked service to support bid verification protocols; and Origin - peer-to-peer market Protocol. Pantera first closed the Fund last June to invest in Bakkt, a regulated exchange that is currently being built by owners of the new York stock exchange (NYSE).

"This is a great time to invest," said Verdict. "I think we have the opportunity to invest in companies with good grades and great teams."

Link (Russian) - https://altstake.io/news/pantera-privlekla-125-mln-dlya-svoego-tretyego-kripto-fonda