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Home Tech Crypto Crypto hedge fund Pantera Capital files for massive $134 million raise

Crypto hedge fund Pantera Capital files for massive $134 million raise

Document Analysis NLP IA

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objective
redaction

Subjectivity0.45266627312082
probably it's an affirmation
Affirmation0.37790697674419

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Summary (IA Generated)

In a filing with the SEC yesterday, Bitcoin hedge fund giant Pantera Capital announced an equity offering of up to $134 million — among the largest capital fundraising efforts in the seven year history of the firm.

But in 2018, the fund directed its efforts towards a larger raise that would result in the formation of a third investment fund, dubbed Venture Fund III.

This new fund attracted $164 million from 2018-2020, with the bulk of the capital inflows bookending crypto’s dreadful 2019 year.

While there has been no word as to if this new raise will result in a new fund or simply expand the scope of Venture Fund III, Pantera’s latest investments and executive comments might offer hints at its forthcoming strategy.


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