Published: 13.04.2022
Article reading time:
1 min.
Large investment company Pantera Capital announced that it has raised $1.3 billion for its Blockchain Fund project aimed at financing Web3 startups.
Pantera Capital announced that it has raised $1.3 billion for its Blockchain Fund, which will invest in Web3 startups, early-stage tokens, and tokens with established liquidity levels. The company plans to launch the fund as early as 2023.
The funds will be used to support projects that the company considers promising. Pantera Capital originally planned to raise $600 million for the fund, launched last June. It brings together four other funds: Liquid Token, Early Stage Token, Venture and Bitcoin.
The company also announced the launch of a new, fifth Pantera Select Fund for $200 million. It will be focused on more mature projects that can already make a profit on their own. The new fund is smaller and therefore more “concentrated” than typical growth funds, the company said.
Earlier, Pantera Capital Investment Director Joey Krug and CEO Dan Morehead said that cryptocurrencies are now very dependent on macroeconomic factors. However, company executives are confident that the worst for digital currencies is over and now the market will only grow.
Source: Bits
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