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Pantera Capital Eyes ‘Mature’ Crypto Companies With New $200M Fund

The Pantera Select Fund will focus on “revenue-generating companies,” the crypto VC firm said in an investor letter.

Updated May 11, 2023, 4:05 p.m. Published Apr 6, 2022, 3:23 p.m.
Pantera Capital partner Paul Veradittakit (right) speaks at Consensus 2019. (CoinDesk archives)
Pantera Capital partner Paul Veradittakit (right) speaks at Consensus 2019. (CoinDesk archives)

Crypto investment firm Pantera Capital, which has $5.8 billion in assets under management, is raising $200 million for a fund focused on “more mature, revenue-generating companies” than Pantera’s typical early-stage investments, according to an investment letter published Monday.

  • The Pantera Select Fund will be “smaller, more targeted and therefore more concentrated than a typical growth fund,” wrote the firm.
  • The Pantera Select Fund expects to initially invest in crypto-finance firm Amber (which raised $200 million in February), an unspecified Indian crypto exchange and a top provider of non-fungible token (NFT) domain names, the letter said.
  • The deadline for limited partners to pony up checks is May 1.

Read more: Electric Capital Raises $1B for 2 New Crypto VC Funds

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