Pantera Capital
| Pantera Capital | |
| |
| Founded | 2013 |
|---|---|
| Headquarters | Menlo Park, California |
| Key People | Dan Morehead, CEO and Co-Chief Investment Officer; Paul Veradittakit, Partner; William Fan, Director of Quantitative Strategies; Franklin Bi, Director of Platform |
| Products | Investment funds focused on
blockchain technology investments |
| @PanteraCapital | |
| Profile | |
| Website | Homepage |
| Releases | Company News |
| Blog | Insights |
Founded in 2013, Pantera Capital is the oldest blockchain focused investment fund manager in the world.[1]
In 2014, hedge fund operators Benchmark, Fortress and Ribbit joined up with Pantera to form the Pantera Bitcoin Fund. [2]
Pantera launched its Venture Fund III on July 31, 2018 and raised $71 million in less than three weeks. One of its first earliest investments was in Intercontinental Exchange's Bakkt bitcoin depository, which had just been founded.[3] The fund closed to new money in March 2019, having missed its goal of $175 million.[4] In a filing with the SEC in August 2020, the fund reported that it had raised just less than $165 million.[5]
Shortly after bitcoin first touched $63,000 on April 14 and then receded, Pantera began pumping the price of bitcoin. Company CEO Dan Morehead said in an interview that Pantera has a new model and forecasts that bitcoin would hit $115,000 by August 2021.[6][7]
References[edit]
- ↑ Pantera’s Founder Foresees $100K+ Bitcoin On the Horizon. CoinTelegraph.
- ↑ Fortress, Benchmark and Ribbit Team up with Pantera for Bitcoin Fund. CoinDesk.
- ↑ Pantera Capital Has Raised $71 Million So Far for Third Crypto Fund. CoinDesk.
- ↑ Block Reward Halving and Venture Fund III Closing :: Pantera Blockchain Letter, March 2019. Medium.
- ↑ Form D. U.S. Securities and Exchange Commission.
- ↑ Pantera's $115k Bitcoin Price Target with Dan Morehead. YouTube.
- ↑ Bitcoin Could Double Over Next 5-6 Months, Pantera CEO Says. Bloomberg.