Pantera Capital Closes Its Crypto Fund with Nearly $165 Million
- This fund originally targeted to raise $175 million.
Pantera Capital, a well-known Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term venture fund, has received $164.7 million from under two hundred investors for one of its funds, the company revealed in a recent Form D filing with the US Securities and Commission Exchange (SEC).
The San Francisco-based firm launched the Venture Fund III in July 2018 and was actively raising capital for it over the last two years. Initially, it secured more than $71 million with another $96 million the following year.
The regulatory filing shows that the fund’s capital has jumped by 130 percent since the last disclosure. However, the fund is still short of its original goal of raising $175 million.
Replying to the crypto publication, The Block, Pantera clarified that the recently disclosed amount is not the result of any recent funding round, rather it was the legal closure of its Venture Fund III.
Pantera is one of the popular crypto venture funds with investments in a range of startups, including Abra, Ampleforth, Bakkt, Circle, BitGo, and many more. The fund also invested in many initial coin offerings of crypto projects like Ankr, Celer, and Filecoin.
The Dead ICO Market
Though at the peak of the ICO market, crypto projects primarily took the ICO route for fundraising, they are now heading over traditional venture capitals for investment.
Most of these funds are utilizing the Form D regulations that allow the funds to raise capital from the accredited investors without registering with the SEC.
Finance Magnates earlier reported that the New York Digital Investments Group (NYDIG) took the same route to secure $190 million for one of its Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term funds. Benjamin Lawsky, the creator of the controversial BitLicense, is a part of NYDIG, and interestingly the fund also holds the same license from the New York state regulator.
Pantera Capital, a well-known Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term venture fund, has received $164.7 million from under two hundred investors for one of its funds, the company revealed in a recent Form D filing with the US Securities and Commission Exchange (SEC).
The San Francisco-based firm launched the Venture Fund III in July 2018 and was actively raising capital for it over the last two years. Initially, it secured more than $71 million with another $96 million the following year.
The regulatory filing shows that the fund’s capital has jumped by 130 percent since the last disclosure. However, the fund is still short of its original goal of raising $175 million.
Replying to the crypto publication, The Block, Pantera clarified that the recently disclosed amount is not the result of any recent funding round, rather it was the legal closure of its Venture Fund III.
Pantera is one of the popular crypto venture funds with investments in a range of startups, including Abra, Ampleforth, Bakkt, Circle, BitGo, and many more. The fund also invested in many initial coin offerings of crypto projects like Ankr, Celer, and Filecoin.
The Dead ICO Market
Though at the peak of the ICO market, crypto projects primarily took the ICO route for fundraising, they are now heading over traditional venture capitals for investment.
Most of these funds are utilizing the Form D regulations that allow the funds to raise capital from the accredited investors without registering with the SEC.
Finance Magnates earlier reported that the New York Digital Investments Group (NYDIG) took the same route to secure $190 million for one of its Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term funds. Benjamin Lawsky, the creator of the controversial BitLicense, is a part of NYDIG, and interestingly the fund also holds the same license from the New York state regulator.