Pantera Capital Raises $71 Million for Third Crypto Venture Fund

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Blockchain investment company Pantera Capital has launched its third crypto fund with over $71 million already committed, according to public documents. A filing submitted by the company to the U.S. Securities and Exchange Commission (SEC) on Wednesday indicates that the new investment scheme, called Venture Fund III, started its first offering on July 31 and has raised $71.44 million from 90 investors. It’s still unclear at this stage how much more, if any, Pantera is seeking to raise for the fund, although a report from TechCrunch said on Thursday that the firm is targeting as much as $175 million in total. Prior filings with the SEC show that the firm at least raised $13 million for its Venture Fund II in 2016 and $25 million for its ICO Fund in 2017. Pantera also wrote in a blog post on Wednesday that Venture Fund III has already made its first blockchain bet,