Pantera Capital Eyes ‘Mature’ Crypto Companies With New $200M Fund

2 years ago

Crypto concern steadfast Pantera Capital, which has $5.8 cardinal successful assets nether management, is raising $200 cardinal for a money focused connected “more mature, revenue-generating companies” than Pantera’s emblematic early-stage investments, according to an concern letter published Monday.

  • The Pantera Select Fund volition beryllium “smaller, much targeted, and truthful much concentrated than a emblematic maturation fund,” wrote the firm.

  • The Pantera Select Fund expects to initially put successful crypto-finance steadfast Amber (which raised $200 cardinal successful February), an unspecified Indian crypto speech and a apical supplier of non-fungible token (NFT) domain names, the missive said.

  • The deadline for constricted partners to pony up checks is May 1.

DISCLOSURE

The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.

Brandy covers crypto-related task superior deals for CoinDesk.


Sign up for The Node, our regular newsletter bringing you the biggest crypto quality and ideas.

By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.

View source