Pantera Capital, a giant in blockchain investment, aims to raise $1 billion to fund various segments of the cryptocurrency market. Its new fund, named “Pantera Fund V,” would be the largest since the beginning of the bear market in 2022.
Nearly $1 Billion soon to fuel the growth of the cryptocurrency market?
Pantera Capital, a major blockchain investment fund, plans to raise $1 billion. They’ll invest in Web3 startups and tokens.
The fund, invested in major blockchain projects, previously raised $1.25 billion. It includes projects like 1inch, Ankr, Arbitrum, Circle, Cosmos, Wintermute, Bitstamp, Starkware and Coinbase.
Named “Pantera Fund V,” this new fund would be the largest in terms of capital raised collectively since the start of the 2022 bear market. Indeed, following the drop in Bitcoin prices and a general decline in market interest, fund managers have struggled to raise new capital.
However, the renewed interest in the cryptocurrency market, centered around the rise in Bitcoin’s price and its increasing institutionalization, seems to have rekindled investors’ optimism. Pantera Capital’s goal is proof of this, as is Paradigm’s, another major fund in the ecosystem, which recently announced its ambition to raise $850 million.
It was Paradigm that had established the largest crypto fund in the market after raising $2.5 billion in November 2021.
Two years ago, Andreessen Horowitz broke the record by raising $4.5 billion.
As for the Pantera Fund V, qualified investors must invest a minimum of $1 million to participate. Limited partners, on the other hand, will need to contribute at least $25 million if they wish to be involved. Pantera Capital’s fundraising is expected to be completed during 2025.
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