The investment firm Pantera Capital received the main part of financing for its third cryptocurrency fund, the amount of which is planned to increase to $ 175 million.

According to the information received, at the moment $ 125 million invested in the Fund. In August last year, the company declared that she attracted $ 71.44 million from 90 investors.

According to him, the initial fundraising took place with the participation of wealthy people, family investment firms and other persons who could quickly translate money. However, desradics with optimism looks at the closure of the last transaction of the Fund, which is scheduled for March. According to him, Pantera "holds many meetings" with a new category of sponsors: institutional investors, such as charitable funds and even pension funds. He expects more large investment ahead, but they will take more time.

The new fund will "invest in the later stages of development to support more mature companies" than past funds focus focused on investment in startups. Veradiakit says that such an approach will allow the firm to play a more active role in the development of growing companies, including borrowing places in the Board of Directors. "This is just what we want to do," he said.

Half capital in the Fund will be reserved for subsequent funding to invest $ 3 to $ 8 million to participate in the share capital of up to 15%. At the initial stage, the Foundation will send investments in the amount of from $ 1 to $ 3 million with participation shares of 10-20%. Previous two Pantera Foundation invested in 44 companies. According to forecasts, the new fund will support from 30 to 50 companies.

Last year, there was information that the income of Pantera Capital from investments in cryptocurrency exceeded 10,000% over the past five years. The company is known for its investments in cryptocurrency exchanges, such as Bitstamp, Korbit and ShapeShift, as well as in the startup blockchain, including Ripple and Circle.