Pantera Capital Has Raised $71 Million So Far For Third Crypto Fund

Blockchain investment organization Pantera Capital has launched its third crypto finance with over $71 million effectively committed, as indicated by open records.

A filing put together by the organization to the U.S. Securities and Exchange Commission (SEC) on Wednesday demonstrates that the new investment plot, called Venture Fund III, began its first offering on July 31 and has raised $71.44 million from 90 investors.

It’s as yet misty at this phase how much more, however, Pantera is trying to raise for the fund, in spite of the fact that a report from TechCrunch said on Thursday that the firm is focusing as much as $175 million altogether.
Earlier filings with the SEC demonstrate that the firm, at any rate, raised $13 million for its Venture Fund II in 2016 and $25 million for its ICO Fund in 2017.

Pantera also wrote in a blog post on Wednesday that Venture Fund III has officially made its first blockchain bet, investing into Bakkt – a cryptocurrency trading platform released early this month by ICE, the parent organization of the New York Stock Exchange.

As announced, the venture firm recorded a 10,000 percent return throughout the most recent five years from its stakes in different cryptocurrency ventures. Pantera has invested into crypto exchanges, for example, Bitstamp, Korbit and Shapeshift, and also new payment startups like Circle and Ripple.