{"id":430792,"date":"2022-04-13T05:34:01","date_gmt":"2022-04-13T02:34:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/pantera-to-close-blockchain-fund-soon-after-raising-1-3b-double-the-target\/"},"modified":"2022-04-13T05:34:01","modified_gmt":"2022-04-13T02:34:01","slug":"pantera-to-close-blockchain-fund-soon-after-raising-1-3b-double-the-target","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/pantera-to-close-blockchain-fund-soon-after-raising-1-3b-double-the-target\/","title":{"rendered":"# Pantera to close Blockchain Fund soon after raising $1.3B \u2014 double the target"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40d40a73566\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40d40a73566\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/pantera-to-close-blockchain-fund-soon-after-raising-1-3b-double-the-target\/#%E2%80%9D_Pantera_to_close_Blockchain_Fund_soon_after_raising_13B_%E2%80%94_double_the_target_%E2%80%9C\" >&#8221; Pantera to close Blockchain Fund soon after raising $1.3B \u2014 double the target &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Pantera_to_close_Blockchain_Fund_soon_after_raising_13B_%E2%80%94_double_the_target_%E2%80%9C\"><\/span>&#8221; Pantera to close Blockchain Fund soon after raising $1.3B \u2014 double the target &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMzY2MDFiYjktNTdjNS00MWNhLWE1NWItYzQxNDZjNWE5ZDgxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Crypto hedge fund giant Pantera Capital is set to close a blockchain fund next month that is backed by around $1.3 billion worth of capital. <\/p>\n<p>The Pantera Blockchain Fund was announced in May last year, with plans to raise $600 million to invest in early-stage tokens, venture equity, Web3 firms and tokens with strong liquidity. It has since surpassed that target significantly, with the firm revealing last month that the fund had <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/panteracapital.com\/conference-call\/blockchain-fund-final-closing-call-mar-2022\/\">topped<\/a> $1 billion. <\/p>\n<p>The latest $1.3 billion figure was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/panteracapital.com\/conference-call\/pantera-select-fund-launch-call-april-2022\/\">noted<\/a> during an April 12 investor conference call regarding the company\u2019s new $200 million Pantera Select Fund that will back \u201cgrowth stage\u201d crypto firms that are ready to generate revenue, as opposed to firms in early funding stages that being sought out via the Blockchain Fund. <\/p>\n<p>While a specific closing date for the fund wasn\u2019t detailed, Pantera Capital CEO Dan Morehead suggested it could be in early May: <\/p>\n<blockquote><p>\u201cWe\u2019re wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ing up the Blockchain Fund, I think it\u2019s gonna be about $1.3 billion and over the next three or four weeks, and as some of the big institutions that have very detailed due diligence processes wrap up, we will be done with that fund.\u201d<\/p><\/blockquote>\n<p>Moving forward, Morehead also noted that the company will then shift its focus to closing the Blockchain Fund II 2023, which will \u201cessentially be the same\u201d as the former variation of the fund and look to obtain further deals in the \u201cearly-stage private token space, and new deals in the early venture space.\u201d <\/p>\n<p>\u201cWe will come back with a larger and more diversified and probably longer investment period growth-stage fund, in say 2024,\u201d Morehead added. <\/p>\n<p>The Pantera Select Fund is also expected to close in early May with around $200 million worth of capital. The firm stated that the fund will be used to support and scale companies that are already open for business: <\/p>\n<blockquote><p>\u201cThe Fund is expected to invest in about 10 companies over the next 18 months or so. We will primarily focus on more mature, revenue-generating  companies than our typical Seed and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> A venture investments.\u201d<\/p><\/blockquote>\n<p>Pantera stated that the fund will invest in firms across multiple crypto sectors such as blockchain infrastructure, nonfungible token (NFT) platforms, Web3 gaming, the Metaverse, exchanges and decentralized finance (DeFi). <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Hedge fund report says Bitcoin price is \u2018at a relatively inexpensive place\u2019<\/em><\/strong><\/p>\n<p>In the firm\u2019s April 5 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter, the Pantera CEO also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/panteracapital.com\/blockchain-letter\/its-called-the-70s\/\">stated<\/a> that the funds will be \u201csmaller, more targeted, and therefore more concentrated than a typical growth fund\u201d as he emphasized his bullishness on having multiple deals already in place: <\/p>\n<blockquote><p>\u201cFor the first time in our nine years, we have three very compelling growth-stage deals locked in all at the same time. That catalyzed us to offer a special fund to help Limited Partners gain exposure to these growth-stage deals plus seven to nine more we will invest in over the next year.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are now -56% below the 11-year exponential growth trend.  The markets have rarely been so cheap relative to the trend.<\/p>\n<p>Crypto is undervalued in my opinion.<\/p>\n<p>More thoughts here:  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/JKVGi8BHwR\">https:\/\/t.co\/JKVGi8BHwR<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/95F32y6RPc\">pic.twitter.com\/95F32y6RPc<\/a><\/p>\n<p>\u2014 Dan Morehead (@dan_pantera) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dan_pantera\/status\/1511785708377149443?ref_src=twsrc%5Etfw\">April 6, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/pantera-to-wrap-up-blockchain-fund-soon-after-raising-1-3b-double-the-target\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Pantera to close Blockchain Fund soon after raising $1.3B \u2014 double the target &#8220; Crypto hedge fund giant Pantera Capital is set to close a blockchain fund next month that is backed by around $1.3 billion worth of capital. The Pantera Blockchain Fund was announced in May last year, with plans to raise $600&#8230;<\/p>\n","protected":false},"author":1,"featured_media":430793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMzY2MDFiYjktNTdjNS00MWNhLWE1NWItYzQxNDZjNWE5ZDgxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75719,80823,74892,93542,117],"class_list":["post-430792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-funding","tag-pantera-capital","tag-tokens","tag-web3","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/430792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=430792"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/430792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/430793"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=430792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=430792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=430792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}