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Pantera Capital

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Pantera Capital
Pantera Advisors, LLC
TypePrivate
Founded2003; 23 years ago (2003)
FounderDan Morehead
Headquarters
Menlo Park, California
,
U.S.
Area served
Key peoplePaul Veradittakit (Managing Partner)
Franklin Bi (General Partner)
Cosmo Jiang (General Partner)
Products
AUMUS$5 billion (2025)
WebsiteOfficial website

Pantera Capital is an American venture capital and hedge fund firm focused on digital assets headquartered in San Francisco, California.[1][2] The fund specializes in cryptocurrencies and blockchain technology.[3][4] It is one of the largest digital asset funds in the world by managed assets.[5]

History

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The firm was founded in San Francisco, California in 2003 by Dan Morehead, before opening offices on Silicon Valley's Sand Hill Road.[6] Morehead was previously the Head of Global Macro Trading and CFO at Tiger Management and is seen as one of the fund's "tiger cubs."[7]

Funding

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In 2013, Pantera launched the first institutional investment fund focused on Bitcoin in the United States. It was started with $13 million.[3][8] By December 2017, the fund was up 25,004%, with compound annual returns around 250 percent since its inception.[2] The fund opened an office in New York during the early 2000s and established operations in Puerto Rico in 2021.[9][10]

Pantera launched its second and third venture funds in 2014 and 2018, respectively. Venture Fund II raised $25 million while Venture Fund III raised $175 million.[8]

See also

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References

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  1. ↑ "Pantera Capital Management LP". Bloomberg. Retrieved 2025-04-02.
  2. 1 2 Popper, Nathaniel (2017-12-19). "A Bitcoin Hedge Fund's Return: 25,004% (That Wasn't a Typo)". The New York Times. ISSN 0362-4331. Retrieved 2021-06-03.
  3. 1 2 Leising, Matthew (27 February 2021). "Coinbase Mafia Shows How Tight a Circle Holds Sway Over Bitcoin". Bloomberg. Retrieved 2021-06-03.
  4. ↑ Fletcher, Laurence (2020-05-21). "Crypto hedge funds struggle to recover from 'bloodbath'". Financial Times. Retrieved 2021-06-03.
  5. ↑ Kharif, Olga (December 27, 2023). "Crypto Hedge Funds Gear Up for 'Token Mania' After 2023 Rebound". Bloomberg. Retrieved January 14, 2024.
  6. ↑ Ballentine, Claire (13 May 2021). "Crypto Fund Pantera Says Bitcoin Energy Concern to Impact Market". Bloomberg. Retrieved 2021-06-03.
  7. ↑ "How a former Goldman trader built a $US5.6b crypto behemoth". Australian Financial Review. 2022-01-24. Retrieved 2024-01-15.
  8. 1 2 Loizos, Connie (August 15, 2018). "Crypto firm Pantera Capital is looking to raise up to $175 million for a new venture fund". TechCrunch. Retrieved January 15, 2026.
  9. ↑ Francesca, Maglione (December 11, 2021). "Zero Taxes, Golf and Beach Houses Create a Crypto Island Paradise". Bloomberg. Retrieved January 14, 2024.
  10. ↑ Sigalos, MacKenzie (2022-01-16). "Bitcoin millionaires are moving to Puerto Rico for lower taxes and island living". CNBC. Retrieved 2024-01-15.
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