Pentera, a crypto investment firm, could close $1 billion in funding this year. Pentera, a crypto investment firm, could close $1 billion in funding this year.
Pantera, a crypto investment firm, is preparing to raise more than $1 billion for a new venture fund, according to an email distributed on Tuesday.
The firm — which has backed crypto projects and companies ranging from the likes of Bakkt and 1inch — is one of the longest operating funds in the digital asset space, investing in crypto tokens and equity since 2013.by The Information in November. The firm's total commitments for the fund now exceed $1 billion.
As per the memo, the new fund will invest in the equity of companies as well as tokens in projects, but Pantera plans to offer a venture-only class for investors looking for only equity exposure. "For investors who prefer venture, the new fund offers a Venture-Only Class," the memo said."This class will have exposure only to the equity deals we do – and will not invest directly in tokens. It is essentially 'Pantera Venture Fund IV.'"This revelation comes after a series of new crypto venture firm announcements. Ex-a16z partner Katie Haun is
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