Pantera Capital Aims to Raise $1 Billion for New Crypto Fund

Venture firm Pantera Capital is setting its sights on raising $1 billion for its latest venture in the cryptocurrency space, the Pantera Fund V. According to a Bloomberg report citing sources familiar with the matter, the new fund will focus on early-stage equity and token investments.

Pantera Capital, known for its proactive engagement in the burgeoning field of digital currencies, plans to channel investments into startup equity and early-stage tokens through this substantial new fund. The firm is also actively seeking limited partners with at least $25 million in capital to contribute to this endeavor.

The target for Pantera Fund V is ambitiously set at $1.25 billion, with a planned launch date in April 2025. This initiative comes on the heels of a successful first quarter in 2024 for Pantera's Liquid Token Fund, which reported a remarkable 66% return. This growth was largely driven by investments in notable crypto assets such as Solana (SOL), Ribbon Finance (RBN), Aevo (AEVO), and Stacks (STX).

In a recent move further cementing its commitment to the crypto sector, Pantera Capital invested $8 million in InfiniGods, a company that specializes in developing mobile blockchain games and is pioneering a gaming ecosystem within the Web3 space. This investment reflects Pantera's ongoing strategy to diversify its portfolio and strengthen its presence in innovative sectors of the market.

Pantera Capital's ambitious plans for Fund V underscore the firm's belief in the potential of blockchain technology and digital assets to revolutionize the financial landscape. As the crypto market continues to evolve, Pantera's strategic investments are set to play a pivotal role in shaping the future of digital finance.