Document Analysis NLP IA
FREQ, RAKE or TFIDF
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.