Pantera Capital
U.S. hedge fund
From Wikipedia, the free encyclopedia
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]
| Pantera Advisors, LLC | |
| Company type | Private |
| Founded | 2003 |
| Founder | Dan Morehead |
| Headquarters | , U.S. |
Area served |
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| Products | |
| AUM | US$5 billion (2025) |
| Website | Official website |
History
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] The fund was initially focused on global macro before focusing solely on blockchain with Paul Veradittakit.[8]
Funding
In 2013, Pantera launched the first institutional investment fund focused on Bitcoin in the United States. It was started with $13 million.[3][9] 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.[10][11]
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.[9]