Pantera Capital Raises $600M for a New Crypto Fund
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24 November
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Venture capital firm Pantera Capital has attracted a total of $600 million for a new fund aimed at investing in cryptocurrency startups, The Information reports.

According to the publication, 75% of this amount has been provided by institutions.

The high participation of these contrasts with the launch of previous structures, which were mainly funded by representatives of the venture capital sector.

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According to sources, Pantera Capital expects funds raised for its fourth fund to reach $1 billion by March 2022.

At the end of October, the company had a total of $6.4 billion in assets under management (AUM).

In November, Pantera competitor Paradigm announced the launch of a new $2.5 billion venture fund.

In June, Andreessen Horowitz, another venture capital firm, rolled out a third crypto fund of $2.2 billion.

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