Pantera Capital, a digital asset investment manager, is reportedly seeking to raise over $1 billion for its new fund, Pantera Fund V. Set to launch in April 2025, this fund aims to provide investors with exposure to a wide range of blockchain-based assets. Unlike Pantera’s existing funds, such as the Liquid Token Fund and Bitcoin Fund, which have more specific investment focuses, the Pantera Fund V will serve as an all-in-one fund. Qualified investors are required to allocate a minimum of $1 million, while limited partners must contribute at least $25 million.
According to Pantera’s website, the fund will include various asset types such as startup equity, early-stage tokens, and liquid tokens. Currently, Pantera manages a total of $5.2 billion in assets across its four existing funds. If successful, the $1 billion raise for Pantera Fund V would be the largest in the cryptocurrency industry since May 2022 when Andreessen Horowitz raised $4.5 billion.
In addition to Pantera Capital, VC firm Paradigm is reportedly negotiating a raise of up to $850 million for a new cryptocurrency fund. This, along with Pantera’s fundraising efforts, indicates a potential resurgence of institutional capital in the sector, following a market rebound in 2023.
Cointelegraph reached out to Pantera for comment, but no response was received at the time of publication. Meanwhile, Andreessen Horowitz recently announced a $7.2 billion fund for investments in technology sectors, excluding its cryptocurrency-focused fund.
Pantera has also made a significant investment in the GameFi platform InfiniGods, exclusively participating in its $8 million Series A round on April 25.
According to RootData, over $3.5 billion has been raised in the cryptocurrency industry across 604 funding rounds so far in 2024. If this trend continues, the funding raised this year is expected to surpass the $9.3 billion raised in 2023. However, venture capital funding in the sector is still far from the highs seen in 2021 and 2022, with $31.2 billion and $29.3 billion raised, respectively.