Jun 15, 2022
Pantera Capital portfolio breakdown
Outline
Pantera Capital was founded by former Tiger Management Head of Macro Trading and CFO Dan Morehead. Pantera’s global macro strategy invested over $1 billion of institutional allocations. In 2013, Pantera created the first blockchain hedge and venture funds in the United States Based in Menlo Park, CA, Pantera originally focused on global macro hedge fund investments. The firm shifted its focus to the blockchain industry in 2013, and was at that time backed by major venture capitalist firms Fortress Investment Group, Benchmark Capital and Ribbit Capital.
Recent news about Pantera Capital
- Terra backer Pantera Capital says it cashed out 80% of investment before UST crash
Pantera Capital, one of the high-profile backers of Terraform Labs, cashed out nearly 80% of its Terra (LUNA) investment well before TerraUSD (UST) collapsed. Since Pantera exited most of its investment early on, it generated a significant profit, per the firm. The firm turned $1.7 million into around $170 million, Paul Veradittakit, partner at Pantera Capital, told The Block.
- Pantera Capital Set to Close $1.3B Blockchain Fund
Pantera Capital plans to close the Pantera Blockchain Fund its first blockchain fund with about $1.3 billion in committed capital, according to an investor conference call.The amount is more than double the $600 million target when the company began fundraising last November. Pantera last month said commitments then had surpassed $1 billion.The fund was launched during a record-setting period for crypto investment vehicles, including a $2.5 billion fundfrom Paradigm that also begun in November.
investments
Pantera Capital has made 192 investments. Their most recent investment was on May 16, 2022, when Metatheory raised $24M.
- How many investments has this organization made over time?
- Which industries has this organization most actively invested in?
Pantera Capital has invested into several organizations here are their top three investments by money raised (some aren’t Pantera Capitals lead investments).
- Gemini
Gemini is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets. It is a New York trust company that is regulated by the New York State Department of Financial Services and was founded in 2014 by Cameron and Tyler Winklevoss.
- Bakkt
Crypto derivatives provider Bakkt closed a $300 million Series B fundraising round and shared additional details about its upcoming mobile application in a blog post. According to the post, authored by CEO Mike Blandina, Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, Pantera Capital and Bakkt parent firm Intercontinental Exchange (ICE) all participated in the funding round.
Bakkt is a custody service that stores Bitcoin in a secure form, known as cold storage. It looks after large amounts of Bitcoin on behalf of institutional investors. ICE then offers a Bakkt-branded Bitcoin futures product. This is where traders are able to bet on the rising or falling price of Bitcoin. All the Bitcoin used to back the trades is stored in Bakkt’s secure custody.
Diversity Investments
Pantera Capital has made 23 diversity investments. Their most recent diversity investment was on Mar 7, 2022, whenSpace Runners raised $10M.
- How many diversity investments has this organization made over time?
- Which diversity types has this organization most actively invested in?
Exits
Pantera Capital has had 18 exits. Pantera Capital’s most notable exits include Wyre, Coins.ph, and BitGo.
Which industries has this organization had the most exits in?
Conclusion
Pantera Capital was founded by former Tiger Management Head of Macro Trading and CFO Dan Morehead. Pantera’s global macro strategy invested over $1 billion of institutional allocations. In 2013, Pantera created the first blockchain hedge and venture funds in the United States Based in Menlo Park, CA, Pantera originally focused on global macro hedge fund investments. Pantera Capital continues to be a powerhouse in the Digital Asset industry and does not show any signs of slowing down. Hope you had a fantastic reading.
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