Pantera Capital is set to raise $1 billion for a new cryptocurrency fund
🐈⬛ Pantera Capital, a venture capital firm, is planning to gather $1 billion for its forthcoming cryptocurrency fund, Pantera Fund V, as reported by Bloomberg, based on information from insiders.
💰The fund is slated to invest in early-stage startup equities and tokens. Additionally, Pantera Fund V is looking for limited partners who can bring a minimum of $25 million in capital.
👀 The anticipated size of the fund is $1.25 billion, with a launch date projected for April 2025.
🕐 Previously, Pantera Capital’s Liquid Token Fund reported a 66% profit in the first quarter of 2024. This profit surge was driven by successful investments in Solana ($SOL), Ribbon Finance ($RBN), Aevo (AEVO), and Stacks ($STX).