
Pantera Capital Portfolio is a diverse and extensive collection of investments, showcasing the firm's forward-thinking approach to cryptocurrency and blockchain technology.
With a focus on early-stage companies, Pantera Capital has backed over 100 projects, including notable names like Bitstamp, Kraken, and Robinhood.
Investments in companies like BitPay and Coinbase demonstrate Pantera's confidence in the growth potential of the cryptocurrency market.
The firm's portfolio also includes investments in non-cryptocurrency related companies, such as a stake in a blockchain-based supply chain management platform.
Worth a look: Is Bain Capital a Private Equity Firm
Portfolio Overview
Pantera Capital's portfolio is a diverse and well-rounded collection of investments. They have invested in over 150 projects, with a focus on blockchain and cryptocurrency.
Their portfolio includes notable projects such as BitMEX, a leading cryptocurrency derivatives exchange, and Kraken, a popular cryptocurrency exchange.
Companies
Pantera Capital's portfolio is made up of a diverse range of companies. BitOasis, a cryptocurrency exchange, was acquired by Pantera Capital in July 2024.
Some of the notable companies in Pantera Capital's portfolio include Bitstamp, a cryptocurrency exchange that received a $10 million Series A investment. The Block and Terphane are also part of the portfolio.
For more insights, see: Pantera Capital

Bakkt, a digital asset platform, received a significant investment of $182 million in Series A funding. This investment was made in December 2018.
Here are some of the companies in Pantera Capital's portfolio:
- 0x
- Codex Protocol
- Ethereum
- Filecoin
- FunFair
- Gems
- Gifto
- ICON
- Origin Protocol
- XRP
- WAX
- Zcash
Pantera Capital also has a stake in Bitaccess, a cryptocurrency exchange that received a $120,000 seed investment.
Alibaba's Largest Investment
Alibaba's largest investment is in Lazada, a Southeast Asian e-commerce platform. Alibaba acquired a 83% stake in Lazada for $1 billion in 2016.
Lazada is a major player in the Southeast Asian e-commerce market, with operations in six countries. Alibaba's investment in Lazada has helped the company expand its reach and improve its services.
The acquisition has been a success, with Lazada's sales increasing significantly since the investment. Alibaba's investment in Lazada is a prime example of the company's strategic approach to investing in e-commerce platforms.
Alibaba's investment in Lazada has also helped the company gain a foothold in the Southeast Asian market. Alibaba has been able to leverage Lazada's existing network and expertise to expand its own operations in the region.
Lazada's sales have increased by over 100% since Alibaba's investment, making it a valuable addition to Alibaba's portfolio.
A unique perspective: Can a Private Company Sell Shares to the Public
Investments Activity

Pantera Capital's investments activity is quite impressive, with a focus on high-growth sectors. They have invested in over 130 blockchain technology companies.
One notable example is Prism, which received funding from Pantera Capital in April 2023. The investment was part of a Series A round, indicating a significant milestone for the company.
Another example is M^ZERO Labs, which received $22.5M in funding from Pantera Capital in April 2023 as part of a Seed VC round.
Here's a breakdown of Pantera Capital's investments activity:
Pantera Capital often co-invests with other firms, such as Human Capital and AirTree Ventures. This suggests a collaborative approach to investing, which can be beneficial for both the firm and the companies it invests in.
Investment Strategy
Pantera Capital's investment strategy is centered around blockchain and cryptocurrency investments. They have a strong focus on early-stage investments in promising projects.
One of their notable investments is in Bitstamp, a leading cryptocurrency exchange, which they invested in at a valuation of $60 million.
Investments and Companies

Pantera Capital is a prominent investor in the blockchain and cryptocurrency space, with a diverse portfolio of companies across various sectors.
The firm has made over 130 investments in blockchain technology, 110 in blockchain industry applications, and 110 in FinTech. They've also invested in high-tech companies, enterprise applications, and other sectors.
One notable aspect of Pantera Capital's investment strategy is their focus on co-investments. In fact, they often partner with other investors, such as Human Capital and AirTree Ventures, to support companies like Prism and M^ZERO Labs.
Here are some of the companies Pantera Capital has invested in:
Pantera Capital has also invested in several other notable companies, including Coinbase, Ethereum, and Filecoin.
Which Stage Does Generally Invest In?
Pantera Capital generally invests in various stages of company development, but if we look at the numbers, it's clear that they have a strong preference for investing in companies during their early growth stages.

According to the data, Pantera Capital has made 72 investments at the seed stage, which is significantly more than their investments at any other stage. This suggests that they are looking for companies with high growth potential and are willing to take on more risk at an early stage.
Here's a breakdown of Pantera Capital's investments by stage:
As you can see, the seed stage is far and away the most popular stage for Pantera Capital's investments, followed closely by Series A investments.
Geographic Focus
Pantera Capital, a prominent venture capital firm, has a geographic focus that sets it apart from other investors.
Pantera Capital is based in San Francisco, California, and has a strong presence in the tech hub.
The firm's geographic focus is primarily on the United States, with a significant portion of its portfolio companies based in California and New York.
Pantera Capital has also made investments in companies based in other countries, including Canada and the United Kingdom.
However, its US-centric approach is reflected in its investment strategy, with a focus on domestic markets and companies.
Pantera Capital's geographic focus is a key factor in its investment decisions, with the firm carefully selecting companies that align with its domestic market strategy.
On a similar theme: Types of Private Investment Funds
Portfolio Performance

Pantera Capital's portfolio has delivered impressive returns, with a net worth of over $2 billion as of 2022. This remarkable growth is a testament to the firm's successful investment strategies.
The firm's early days saw a focus on venture capital investments in the blockchain space, with notable investments in companies like Bitstamp and Kraken. These investments helped establish Pantera Capital as a leader in the field.
Pantera Capital's portfolio has also seen significant returns from its investments in cryptocurrencies, with the firm's flagship fund returning over 100x its initial investment. This remarkable performance is a direct result of the firm's expertise in navigating the complex world of cryptocurrencies.
See what others are reading: Vc Fund Returns
IPOs and Public Companies
When evaluating the performance of a portfolio, it's essential to consider the IPOs and public companies held within it. Pantera Capital has invested in several notable companies, including Bakkt.
Bakkt, a digital assets platform, went public on November 20, 2020. This was a significant event in the crypto space.
Pantera Capital first invested in Bakkt on December 19, 2018, as part of a Series A funding round. The round size was $182 million.
A different take: Private Equity Returns vs Public Markets
13 Exits
Pantera Capital has made 13 notable exits from their portfolio, with their latest exit being the acquisition of Vauld by Nexo on July 5, 2022.
This exit marked a significant milestone for Pantera Capital, with Vauld reportedly valued at $XXM.
Here are the 13 exits in a concise list:
Each of these exits highlights the potential for significant returns on investment, demonstrating the value that Pantera Capital has been able to unlock for its investors.
Fund Information
Pantera Capital has a total of 10 funds in its portfolio.
The company has a range of funds with varying sizes, including Pantera Venture Fund II, which closed in October 2021 with a fund size of $29M.
Pantera Venture Fund III A, which closed in September 2020, had a fund size of $13.54M.
Pantera Venture Fund III, also closed in August 2020, had a significantly larger fund size of $164.71M.
The fund sizes of Pantera ICO Fund and Pantera Bitcoin & Digital Currency Fund II are listed as $XXM, indicating that the exact amounts are not publicly disclosed.
Here's a breakdown of the fund sizes for Pantera Capital's funds:
Partners and Services

Pantera Capital has a strong network of partners and customers, including YieldStreet, which they partnered with on February 17, 2022.
The company has also partnered with DODO Exchange, a Hong Kong-based business, as of June 30, 2020. Additionally, Pantera Capital has a partnership with PsyOptions, another US-based business.
Here are some of Pantera Capital's strategic partners and customers:
Pantera Capital offers investment services through its PANTERA BLOCKCHAIN FUNDS, which are open to accredited investors seeking to invest $100,000 or more in digital assets or blockchain-enabled companies.
Services
Pantera Capital offers investment opportunities through its venture funds and cryptocurrency funds, which manage over $700 million.
Investors can choose from two venture funds and four cryptocurrency funds, all of which are open to accredited investors who are willing to invest at least $100,000 in digital assets or blockchain-enabled companies.
Pantera Capital's investment firm is exclusively focused on cryptocurrency and blockchain technology, making it a great option for those looking to invest in this space.
Discover more: Pension Investment in Private Equity

The firm has a strong track record of co-investing with other prominent investors, including Polychain, Coinbase, and Alameda Research.
Here are some of the top co-investors of Pantera Capital:
- Polychain: 6 companies
- Coinbase: 19 companies
- Alameda Research: 7 companies
- Tiger Global Management: 6 companies
These co-investors have shown confidence in Pantera Capital's investment strategy and have chosen to partner with them on multiple occasions.
Partners & Customers
Pantera Capital has a network of strategic partners and customers. They have collaborated with YieldStreet, a company based in the United States, since February 17, 2022.
Pantera Capital also partnered with DODO Exchange, a business from Hong Kong, on June 30, 2020. Unfortunately, the news snippet for this partnership is not publicly available.
PsyOptions, another US-based company, is also a partner of Pantera Capital. However, the details of their partnership are not disclosed.
Silicon Valley Bank, a US-based financial institution, serves as a vendor for Pantera Capital. They have a strong relationship with the bank, as evidenced by 10 sources.
Here is a list of Pantera Capital's partners and customers:
Latest News

Prism, a lending platform for startup tech companies and employees, has announced the launch of its origination services following a combined Seed and Series A fundraising of $26 million led by Pantera Capital and Human Capital.
Prism allows employees of pre-IPO companies to borrow against company equity for personal use, with a strict underwriting process and competitive rates.
The platform aims to help startup workers access their slice of the $2 trillion locked up in private U.S. tech companies, which is traditionally inaccessible prior to a public listing or acquisition.
Prism focuses exclusively on technology companies with valuations of $1 billion or higher.
So far, the company has signed multiple agreements to begin originating loans in the coming months and has a pipeline of over $100 million in loan volume.
Ari Stiegler, Prism's CEO and co-founder, is also the managing partner of Flux Capital and has directed over $200 million in transactions across venture capital, real estate, and direct investments.
You might like: Definition of Startup Capital
About Pantera Capital

Pantera Capital is a digital asset investment firm founded in 2013 by Dan Morehead and Joe McGinn.
They have a strong focus on investing in blockchain technology and cryptocurrencies.
Pantera Capital's flagship fund, the Pantera Venture Fund, was launched in 2013 with a $20 million investment.
The firm has a global presence, with offices in San Francisco, New York, and Hong Kong.
Pantera Capital's investment strategy is centered around supporting the growth of blockchain and cryptocurrency companies.
Expand your knowledge: Private Equity Investment Returns
Frequently Asked Questions
Who are the shareholders of Pantera Capital?
Pantera Capital's shareholders include Benchmark, Fortress Investment Group, and Ribbit Capital. These notable investors have a stake in the company's success and growth.
How much is Pantera Capital worth?
Pantera Capital's current market value is $170.54 billion. Its worth has increased by 0.26% in the last 24 hours.
Is Pantera Capital a hedge fund?
Yes, Pantera Capital is a hedge fund, specifically focused on digital assets. It also operates as a venture capital firm, investing in cryptocurrencies and blockchain technology.
Sources
- https://tracxn.com/d/venture-capital/pantera-capital/__d04rGCSR3UY_tzmolj_8VW2i038fL71D_Rd9G2yY-Z0
- https://parsers.vc/fund/panteracapital.com/
- https://www.cbinsights.com/investor/pantera-capital
- https://cryptoslate.com/companies/pantera-capital/
- https://panteracapital.com/blockchain-letter/ton-our-largest-investment-ever/
Featured Images: pexels.com