Pantera Venture

Pantera venture funds offer investors actively managed, multi-stage exposure to companies building products and services in the nascent blockchain ecosystem. In 2013, Pantera launched the first exclusively blockchain venture fund and has subsequently raised two more since. Most recently, Pantera successfully raised $175 million for its third fund. Venture funds invest primarily in private equity of early-stage businesses focused on building out blockchain capabilities across various industries and commercial functions.

Funding Closed

Venture
Fund III

Launched in 2018, Fund III focused on companies enabling the institutionalization of digital assets as an asset class.

Performance highlights

Vintage:

2018

Fund Size:

175M

Investments:

32

TVPI:

4.2x

IRR:

124.9%

Values are denoted as of June 30, 2021, are estimates, unaudited, and subject to change based on the manager’s final determination of value and final audit.

Funding Closed

Venture
Fund II

Launched in 2014, Fund II targeted cross-border payments, regional exchanges, and developer tools.

Performance highlights

Vintage:

2014

Fund Size:

23M

Investments:

36

TVPI:

4.9x

IRR:

38.8%

Values are denoted as of June 30, 2021, are estimates, unaudited, and subject to change based on the manager’s final determination of value and final audit.

Funding Closed

Venture
Fund I

Launched in 2013, Fund I primarily focused on companies that enabled investors to buy, store, and speculate on Bitcoin.

Performance highlights

Vintage:

2013

Fund Size:

12M

Investments:

8

TVPI:

15.4x

IRR:

53.2%

Values are denoted as of June 30, 2021, are estimates, unaudited, and subject to change based on the manager’s final determination of value and final audit.

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