Pantera Capital Raises $70 Million for New Fund, Aims for $175 Million
- The blockchain investment company has a fair track record of successful investments.
Panetera Capital, a 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 investment fund with a fairly good record of choosing successful projects, has launched a new venture fund. According to TechCrunch, it aims to raise up to $175 million.
63 investments
According to documents filed with the US Securities and Exchange Commission on Tuesday, 'Venture Fund III', as the new fund has been named, has raised $71.44 million from 90 investors since the 31st of July. This is the company's third such investment fund. In 2016 it raised $13 million for 'Venture Fund II', and in 2017 it raised $25 million for 'ICO Fund'.
California-based Pantera Capital was founded in 2013. It boasts of being " one of the largest institutional owners of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw " and has invested in projects like 0x, Ripple, Kin, and a little-known cryptocurrency called Bitcoin. All in all, 63 projects are listed on its website.
In February, Finance Magnates reported when Pantera Capital invested in a project called Cypherium.
Rats and poison
Venture Fund III has already invested in Bakkt, which is an online trading platform launched by Intercontinental Exchange, which is the company behind the New York Stock Exchange. Pantera said in a statement at the time: "The potential ripple effect of Bakkt’s success could reverberate across the Blockchain ecosystem by expediting commercial use and widespread institutional adoption."
@PanteraCapital has invested into @bakktapp, the digital asset exchange from @NYSE. Co-investors include @Microsoft , @BCG , and other strategic investors. Represents a huge step in the evolution of cryptocurrency. https://t.co/FfJjv3YCK0
— Pantera Capital (@PanteraCapital) August 3, 2018
Pantera CEO Dan Morehead said in July that the company has made net returns of just over 10,000 percent in fees and expenses since opening. Morehead, a cryptocurrency advocate, responded with pith to Warren Buffet's comparison of Bitcoin to rat poison: “It is rat poison; it’s just the banks and credit card companies are the rats.”
Pantera Partner @veradittakit speaking alongside @VitalikButerin on blockchain governance and the future of regulation. pic.twitter.com/IHdSrvtUyr
— Pantera Capital (@PanteraCapital) August 8, 2018
Panetera Capital, a 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 investment fund with a fairly good record of choosing successful projects, has launched a new venture fund. According to TechCrunch, it aims to raise up to $175 million.
63 investments
According to documents filed with the US Securities and Exchange Commission on Tuesday, 'Venture Fund III', as the new fund has been named, has raised $71.44 million from 90 investors since the 31st of July. This is the company's third such investment fund. In 2016 it raised $13 million for 'Venture Fund II', and in 2017 it raised $25 million for 'ICO Fund'.
California-based Pantera Capital was founded in 2013. It boasts of being " one of the largest institutional owners of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw " and has invested in projects like 0x, Ripple, Kin, and a little-known cryptocurrency called Bitcoin. All in all, 63 projects are listed on its website.
In February, Finance Magnates reported when Pantera Capital invested in a project called Cypherium.
Rats and poison
Venture Fund III has already invested in Bakkt, which is an online trading platform launched by Intercontinental Exchange, which is the company behind the New York Stock Exchange. Pantera said in a statement at the time: "The potential ripple effect of Bakkt’s success could reverberate across the Blockchain ecosystem by expediting commercial use and widespread institutional adoption."
@PanteraCapital has invested into @bakktapp, the digital asset exchange from @NYSE. Co-investors include @Microsoft , @BCG , and other strategic investors. Represents a huge step in the evolution of cryptocurrency. https://t.co/FfJjv3YCK0
— Pantera Capital (@PanteraCapital) August 3, 2018
Pantera CEO Dan Morehead said in July that the company has made net returns of just over 10,000 percent in fees and expenses since opening. Morehead, a cryptocurrency advocate, responded with pith to Warren Buffet's comparison of Bitcoin to rat poison: “It is rat poison; it’s just the banks and credit card companies are the rats.”
Pantera Partner @veradittakit speaking alongside @VitalikButerin on blockchain governance and the future of regulation. pic.twitter.com/IHdSrvtUyr
— Pantera Capital (@PanteraCapital) August 8, 2018