As per the recent reports, the cryptocurrency firm, Pantera Capital, is aiming for a $175 million for its venture fund, this time. According to TechCrunch, the company, who was one amongst the first few to lay the foundation of investments in digital assets, gathered approximately $13 million for its first venture fund and then went up to $25 million for its second one.
In accordance with the exact figures furnished through the company’s filing with the SEC (Securities and Exchange Commission) for its latest venture fund, an approximate $71.445 million has already been raised from nearly 90 loyal investors. As stated by one of the partners of the organisation, Paul Veradittakit, the raised sum just represents the first close. That being the case, after commencing on the 31st of July this year, the offering might be expected to last for a time period of more than a year.
The filing, however, does not unveil the total revenue of Pantera Capital, which is to issue this offering. Approved by the Chief Financial Officer, Ryan Davis, on the 15th of this month, the filing lists Dan Morehead as the executive officer, along with Matthew Gorham and Pantera Advisors LLC. Dan Morehead, is the founder of Pantera Capital.
The document does not lay any provisions for any kind of payments to the people who are titled as the executive officers, directors or promoters of the new offering.
The company’s founder has this belief that investments made in ‘the king of crypto tokens’, Bitcoin, can grow upto 25 times its original worth. Pantera Capital too strongly believes in the potentiality held by the crypto industry. Consequently, the firm has purely committed itself towards blockchain and crypto projects.
Pantera Capital is into a very good investment strategy. With a view to maximizing returns, the company seeks to invest in the token sales of the up-and-coming blockchain protocols, as early as possible. As of now, the firm offers a variety of as much as 30 crypto coins to its customers.