Pantera Capital Seeks to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets

Digital asset investment manager Pantera Capital reportedly aims to raise over $1 billion for a new fund that will provide investors with exposure to a wide range of blockchain-based assets.

The fund, known as Pantera Fund V, is scheduled to launch in April 2025 and will serve as an all-in-one investment vehicle, according to an April 25 report from Bloomberg.

It diverges from Pantera’s existing funds that have more specific investment focuses, such as the Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund, and Venture Funds.

Investors Will Need to Allocate At Least $1 Million

Qualified investors interested in participating in the Pantera Fund V will be required to allocate a minimum of $1 million. 

The first closing of the fund is expected to take place on April 1, 2025. Bloomberg reported that limited partners will need to contribute a minimum of $25 million to participate in the fund.

Pantera’s website indicates that the Pantera Fund V will encompass various asset types, including startup equity, early-stage tokens, and liquid tokens. 

With its current funds, Pantera Capital manages a total of $5.2 billion in assets.

If successful, the $1 billion raise for the Pantera Fund V would mark the largest fundraising effort in the cryptocurrency industry since May 2022 when Andreessen Horowitz, a venture capital firm based in Silicon Valley, raised a record-breaking $4.5 billion. 

Crypto giant – @PanteraCapital looks to raise $1 billion for new crypto fund V launching April 2025.

Fund V offers exposure to the full spectrum of blockchain assets. The venture-style Fund will invest in venture equity, early-stage tokens, and liquid tokens.… pic.twitter.com/AVlJf4R1yR

— MartyParty (@martypartymusic) April 25, 2024

Additionally, Paradigm, another VC firm, is reportedly in negotiations to raise up to $850 million for a new cryptocurrency fund. 

These developments, along with Pantera’s fundraising efforts, indicate a resurgence of institutional capital flowing back into the sector after a market rebound in 2023.

Recently, venture capital firm Andreessen Horowitz announced that it had raised $7.2 billion to invest across various technology-focused sectors, including GameFi and artificial intelligence. 

However, its cryptocurrency-focused fund did not receive any additional capital.

Crypto VC Funding Sees a Resurgence

The cryptocurrency industry has seen significant funding activity in 2024.

As reported, venture capital funding for cryptocurrency and blockchain projects has experienced its first quarterly rise since 2021. 

More specifically, Web3 startups have managed to secure just under $1.9 billion in funding across 346 deals in the first quarter of 2024. 

This marks a significant 58% increase from the previous quarter, offering a glimmer of hope amidst the lingering downward trajectory of overall crypto VC interest.

The latest surge in funding can be attributed to investors with a more long-term perspective on Web3, in contrast to the hype-driven “tourist investors” who were prevalent in recent years. 

Although big funding rounds were relatively rare in Q1, a few notable investments stood out. 

Exohood Labs, a company merging AI, quantum computing, and blockchain, secured a $112 million seed round at a valuation of $1.4 billion. 

EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B led by a16z crypto. 

Additionally, Freechat, a decentralized social network built on blockchain technology, secured $80 million in a Series A round. 

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