Pantera Capital is preparing to launch a new cryptocurrency fund
Date: 2024-04-26 Author: Gabriel Deangelo Categories: BUSINESS
Venture capital firm Pantera Capital intends to raise as much as $1 billion for its new cryptocurrency fund, Pantera Fund V, which will focus on investing in equity and early-stage tokens, reports Bloomberg. Insiders familiar with the situation confirm the company's ambitious plans.
Striving for portfolio diversity
It is known that Pantera Fund V is actively looking for opportunities to invest in shares of startups and tokens in the early stages of their development. In addition, the fund is seeking to find limited partners who could contribute at least $25 million to the projects, the company said in an official statement.
The fund's total size is expected to reach $1.25 billion and is scheduled to launch in April 2025, according to sources cited by Bloomberg.
Successes of previous investment projects
Pantera Capital's recent investment successes have also attracted attention. The Liquid Token Fund, managed by Pantera Capital, posted a 66% return in Q1 2024, driven by strong investments in Solana (SOL), Ribbon Finance (RBN), Aevo (AEVO) and Stacks (STX).
Investing in the future of the gaming industry
The company also continues to actively invest in promising projects. Pantera Capital recently invested $8 million in InfiniGods, a mobile blockchain game developer working to create a Web3 gaming ecosystem.
