Pantera Capital Eyes $175 Mln With Third Venture Fund

Crypto-oriented investment giant Pantera Capital has opened its third venture fund that is poised to raise $175 mln (a huge sum of money compared to their $13 mln debut five years ago). According to a recently published SEC filing, the crypto hedge fund has already attracted $71 mln worth of investments since the end of July.

This August, Pantera Capital recorded 10,000 percent capital return over the last five years. The company has recently announced the first pick for its third venture fund– an ICE-backed Bakkt exchange, which is expected to bring crypto adoption to a new level with big-name partnerships.