Pantera Capital Already Raises Over $70 Million for Its Third Crypto Fund

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Pantera Capital, one of the largest US-based institutional holders of cryptocurrencies, has already raised more than $70 million for its third crypto fund. And the first investment by Pantera Venture Fund III went to Intercontinental Exchange’s Bakkt. $175 Million Crypto Venture Fund Pantera Capital, a Menlo Park, California based cryptocurrency investment fund, is reportedly looking to raise up to $175 million for its third venture fund. This will make Pantera Venture Fund III much bigger than its predecessors, which were closed at just $25 million and $13 million respectively. And SEC filings show the firm already got $71,445,000 in capital commitments from ninety investors. Pantera partner Paul Veradittakit told Techcrunch that this figure is just a “first close,” and explained that the much larger target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting