2 years ago
Brandy covers crypto-related task superior deals for CoinDesk.
Pantera Capital plans to adjacent its archetypal Blockchain Fund successful the adjacent 3 to 4 weeks with astir $1.3 cardinal successful committed capital, according to an capitalist league call. That’s much than treble the $600 cardinal people when the institution began fundraising past November. Pantera past period said commitments then had surpassed $1 billion.
The money had launched during a record-setting play for crypto concern vehicles, including a $2.5 cardinal fund from Paradigm besides begun successful November.
Pantera besides outlined its near-term roadmap, including plans for a 2nd Blockchain Fund successful 2023, with Director of Portfolio Development Franklin Bi, saying the follow-up volition person fundamentally the aforesaid objectives arsenic the archetypal money – caller deals successful aboriginal stage, backstage tokens, and task capital.
Following that, “we volition travel backmost with a larger and much diversified and astir apt longer concern play maturation signifier fund, accidental successful 2024,” continued Bi.
The capitalist telephone was for the caller Pantera Select Fund announced past week with a $200 cardinal committedness to put successful “more mature, gross generating companies,” according to a lawsuit letter. The Select Fund was Pantera’s fifth, joining the Bitcoin Fund, Early-Stage Token Fund, Liquid Token Fund and Blockchain Fund. Select is “smaller, much targeted and truthful much concentrated than a emblematic maturation fund,” said Pantera. The deadline for constricted partners to get successful connected the Select Fund is May 1.
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Brandy covers crypto-related task superior deals for CoinDesk.
Brandy covers crypto-related task superior deals for CoinDesk.
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