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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 <a href="https://thecoinrise.com/pantera-ceo-dan-morehead-believes-that-blockchain-tech-will-see-a-massive-adoption-soon/" rel="noopener noreferrer nofollow">wide range of blockchain-based assets</a>.
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.
<h2 id="span-style-font-weight-400-pantera-capital-s-new-fund-span">Pantera Capital’s New Fund</h2>
Qualified investors will need to <a href="https://www.bloomberg.com/news/articles/2024-04-25/pantera-capital-seeks-to-raise-1-billion-for-a-new-crypto-fund" rel="noopener noreferrer nofollow">commit</a> 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.
According to Pantera Capital’s <a href="https://panteracapital.com/funds/pantera-fund-v/" rel="noopener noreferrer nofollow">website</a>, 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 (<a href="https://panteracapital.com/" rel="noopener noreferrer nofollow">AUM</a>) 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.
<h3 id="span-style-font-weight-400-paradigm-is-making-a-similar-move-span">Paradigm is Making a Similar Move</h3>
<a href="https://thecoinrise.com/paradigm-ventures-eyes-record-raise-amid-crypto-rebound/" rel="noopener noreferrer nofollow">VC firm Paradigm is also reportedly negotiating</a> 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.
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.
<h2 id="span-style-font-weight-400-pantera-shifts-focus-to-gamefi-span">Pantera Shifts Focus to GameFi</h2>
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 <a href="https://thecoinrise.com/pantera-capitals-early-stage-token-fund-down-71-this-year/" rel="noopener noreferrer nofollow">half of its value in 2022 after giving a 350%</a> return on investment since its launch in 2017.
The post <a href="https://thecoinrise.com/pantera-capital-plans-to-raise-over-1b-for-blockchain-fund/" rel="noopener noreferrer nofollow">Pantera Capital Plans to Raise Over $1B for Blockchain Fund</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

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

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