With Pantera Capital’s Blockchain Fund set to close in early May, CEO Dan Morehead outlined the company will do the same with a second fund next year, before coming back with an even “larger and more diversified” fund in 2024.
during an April 12 investor conference call regarding the company’s new $200 million Pantera Select Fund that will back “growth stage” crypto firms that are ready to generate revenue, as opposed to firms in early funding stages that being sought out via the Blockchain Fund.Dan Morehead suggested it could be in early May:
Moving forward, Morehead also noted that the company will then shift its focus to closing the Blockchain Fund II 2023, which will “essentially be the same” as the former variation of the fund and look to obtain further deals in the “early-stage private token space, and new deals in the early venture space.”
The Pantera Select Fund is also expected to close in early May with around $200 million worth of capital. The firm stated that the fund will be used to support and scale companies that are already open for business:
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