# Pantera Capital: portfolio, investments and team

> Pantera Capital is a vc firm based in United States. 196 investments on record, 22 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/pantera-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Pantera Capital

Last cheque observed Oct 2026; 196 cheques on record.

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Deploying now New fund $29M, Oct 2026 VC firm

Pre-seed Growth Pre-IPO Defi Token Blockchain

Follow Pantera Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fpantera-capital)

Deploying now

**51%** of best year **22** **cheques in 12 months**, 196 on record

Since the last cheque **16** days **00** hrs **00** min **00** sec

Median round **$13M** Cheque size, as they say **$5.0M – $100M** Rounds led **17 of 196** Sole investor **4 rounds** Mostly in **United States, 81%**

Pitch Pantera Capital

## Pantera Capital highlights

- 01 22 cheques in the last 12 months
- 02 Mostly Seed and Series A: 59% of its rounds
- 03 Sole investor in 4 rounds, median $10M

## What they do

> First U.S. institutional asset manager focused exclusively on blockchain technology. Since 2013, Pantera has invested in digital assets and blockchain companies, providing investors with the full spectrum of exposure to the space. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $5.0M – $100M as they say
- **Stages:** Pre-seed Growth Pre-IPO
- **Sectors:** Defi Token Blockchain
- **Based in:** Menlo Park, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **196 appearances**

- **2026** 17 rounds
- **Oct** **[Fission](https://millionrounds.com/company/fission)** Series A · US · Fintech Global **$10M** *Led*
- **Oct** **[Meanwhile](https://millionrounds.com/company/meanwhile)** Series B · BM · Pulse 2.0 **$38M** With 6 others
- **Sept** **[Dyad](https://millionrounds.com/company/dyad)** Series A · GB **$10M** With 1 other
- **Jul** **[World](https://millionrounds.com/company/world)** US · TechCrunch **$53M** *Led*
- **Jul** **[EDX Markets](https://millionrounds.com/company/edx-markets)** Series C · US · TechStartups **$76M** With 3 others
- **Jun** **[Orthogonal](https://millionrounds.com/company/orthogonal)** Seed · US **$4.3M** With 2 others
- **Jun** **[TurboFlow](https://millionrounds.com/company/turboflow)** Seed · HK **$6.0M** With 1 other
- **May** **[Zcash](https://millionrounds.com/company/zcash)** Venture · US **Undisclosed** With 3 others
- **Mar** **[OpenFX](https://millionrounds.com/company/openfx)** Series A · Ventureburn **$94M** With 7 others
- **Mar** **[Nitra](https://millionrounds.com/company/nitra)** Series B · US · Ventureburn **$187M** With 21 others
- **Mar** **[Vast](https://millionrounds.com/company/vast)** Series A · US · Ventureburn **$500M** With 7 others
- **Mar** **[Empery Digital](https://millionrounds.com/company/empery-digital)** US **$25M** With 1 other
- **Feb** **[Based](https://millionrounds.com/company/based)** Series A · Ventureburn **$12M** *Led*
- **Feb** **[Novig](https://millionrounds.com/company/novig)** Series B · US · Ventureburn **$75M** *Led*
- **Feb** **[Prometheum](https://millionrounds.com/company/prometheum)** US · Ventureburn **$23M** *Led*
- **Feb** **[Bakkt](https://millionrounds.com/company/bakkt)** US **$48M** With 3 others
- **Jan** **[Sentient](https://millionrounds.com/company/sentient)** Venture · US **Undisclosed** With 5 others
- **2025** 38 rounds
- **Dec** **[Surf](https://millionrounds.com/company/surf)** Seed · US · Ventureburn **$15M** *Led*
- **Dec** **[Fin](https://millionrounds.com/company/fin)** Series A · US **$17M** With 3 others
- **Dec** **[SEGG Media](https://millionrounds.com/company/segg-media)** US **$2.5M** With 2 others
- **Nov** **[Ripple](https://millionrounds.com/company/ripple)** Growth · US · Crunchbase News **$500M** With 9 others
- **Nov** **[Azra Games](https://millionrounds.com/company/azra-games)** Venture · US **$19M** With 4 others
- **Oct** **[Accountable](https://millionrounds.com/company/accountable)** Series A · Ventureburn **$7.5M** *Led*
- **Oct** **[Evernorth](https://millionrounds.com/company/evernorth)** Ventureburn **$1.0B** With 5 others
- **Oct** **[Helius Medical Technologies](https://millionrounds.com/company/helius-medical-technologies)** US · Ventureburn **$500M** *Led*
- **Oct** **[TransCrypts](https://millionrounds.com/company/transcrypts)** Seed · US · Ventureburn **$15M** *Led*
- **Oct** **[Coinflow](https://millionrounds.com/company/coinflow)** Series A · US · Ventureburn **$25M** *Led*
- **Oct** **[Meanwhile](https://millionrounds.com/company/meanwhile)** Series B · BM · TechStartups **$82M** With 7 others
- **Oct** **[Bee Maps](https://millionrounds.com/company/bee-maps)** Series A · Ventureburn **$32M** *Led*
- **Oct** **[SharpLink](https://millionrounds.com/company/sharplink)** US **$77M** With 3 others
- **Sept** **[Raiku](https://millionrounds.com/company/raiku)** Seed · Ventureburn **$11M** *Led*
- **Sept** **[M0](https://millionrounds.com/company/m0)** Series B · Ventureburn **$40M** With 4 others
- **Sept** **[aPriori](https://millionrounds.com/company/apriori)** Series A · US · Ventureburn **$20M** With 5 others
- **Sept** **[Satsuma Technology](https://millionrounds.com/company/satsuma-technology)** Debt · GB **$108M** With 3 others
- **Sept** **[CleanCore Solutions](https://millionrounds.com/company/cleancore-solutions)** US **$175M** With 2 others
- **Sept** **[Solana Company](https://millionrounds.com/company/solana-company)** US **$500M** With 2 others
- **Aug** **[M0](https://millionrounds.com/company/m0)** Series B · CH **$40M** With 5 others
- **Aug** **[TON Strategy Company](https://millionrounds.com/company/ton-strategy-company)** US **$558M** With 3 others
- **Aug** **[Multipli](https://millionrounds.com/company/multipli)** Venture **$5.0M** With 2 others
- **Aug** **[Subzero Labs](https://millionrounds.com/company/subzero-labs)** Seed · US **$20M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **12 named**

DW **Daniel Wayne Morehead** Manager of a limited liability company that directly owns the General Partner i Filing they signed

GK **Glenn Kennedy** Executive Officer i Filing they signed

KW **Katrina W. Paglia** Chief Compliance Officer & Chief Legal Officer i Filing they signed

KP **Katrina Paglia Setrin** Chief Compliance Officer i Form ADV

LW **Lars W. Ahlstrom** Chief Executive Officer i Filing they signed

LV **Lisa Volekaert** Director i Filing they signed

MA **Marc Adam Selfon** Chief Financial Officer i Filing they signed

MW **Matthew W. Gorham** Chief Operating Officer i Filing they signed

RW **Ryan W. Davis** Chief Financial Officer i Filing they signed

SW **Scott W. Lennon** Director i Filing they signed

SW **Steve W. Waterhouse** Chief Technology Officer & Partner of the Management Company i Filing they signed

TW **Todd William Slattery** Chief Operating Officer i Form ADV

We also hold **55** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$4.0B** assets it manages Oct 2026

**5+** funds on file numbered funds in its name

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Pantera Capital Partners LP
- **SEC number:** CRD 284342

Funds on its Form ADV

**15** private funds, **$4.6B** in gross assets · filed Nov 2024

Hedge **11** Venture **4**

- Pantera Venture Fund III L.P. *Venture* 304 investors $1.4B
- Pantera Blockchain Fund L.P. *Hedge* 647 investors $1.2B
- Pantera Bitcoin Fund LTD. *Hedge* 232 investors $412M
- Pantera Blockchain Venture Fund L.P. *Hedge* 2 investors $346M
- Pantera Venture Fund II L.P. *Venture* 53 investors $224M
- Pantera Liquid Token Fund L.P. *Hedge* 782 investors $220M
- Pantera Early-Stage Token Fund L.P. *Hedge* 470 investors $179M
- Pantera Venture Fund III A L.P. *Venture* 78 investors $115M
- Pantera Solana Fund L.P. *Hedge* 27 investors $110M
- Pantera Early Stage Token Master Fund L.P. *Hedge* 191 investors $97M

And 5 more on the filing.

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 3 we have independently watched raise

Hedge Funds Summit Venture Funds

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$29M**

raised in Oct 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Growth Pre-IPO

Median round joined **$13M** the round, not its cheque Alone, median **$10M**

Led 17 of 196 rounds **9%**

- **Said size:** $5.0M – $100M
- **Sole investor:** 4 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed *50*
- Series A *47*
- Venture *45*
- Series B *17*
- Token sale *6*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Coinbase Ventures](https://millionrounds.com/fund/coinbase) 34
- [Hashed](https://millionrounds.com/fund/hashed) 16
- [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) 15
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 15
- [Blockchain Capital](https://millionrounds.com/fund/blockchain-capital) 11
- [CMT Digital](https://millionrounds.com/fund/cmt-digital) 11

**Pitching Pantera Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Pantera Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Coinbase Ventures** Corporate VC **34** rounds together](https://millionrounds.com/fund/coinbase)[**Hashed** VC firm **16** rounds together](https://millionrounds.com/fund/hashed)[**Digital Currency Group** VC firm **15** rounds together](https://millionrounds.com/fund/digital-currency-group)[**Y Combinator** Accelerator **15** rounds together](https://millionrounds.com/fund/y-combinator)[**Blockchain Capital** VC firm **11** rounds together](https://millionrounds.com/fund/blockchain-capital)[**CMT Digital** VC firm **11** rounds together](https://millionrounds.com/fund/cmt-digital)[**Dragonfly Capital Partners** VC firm **10** rounds together](https://millionrounds.com/fund/dragonfly-capital-partners)[**Framework Ventures** VC firm **10** rounds together](https://millionrounds.com/fund/framework-ventures)[**Founders Fund** VC firm **9** rounds together](https://millionrounds.com/fund/founders-fund)[**Animoca Brands** Accelerator **7** rounds together](https://millionrounds.com/fund/animoca-brands)[**FundersClub** VC firm **7** rounds together](https://millionrounds.com/fund/fundersclub)[**Galaxy Digital** Private equity **7** rounds together](https://millionrounds.com/fund/galaxy-digital)

## Recently backed

The latest companies Pantera Capital put money into.

[**Fission** $10M · Oct 2026](https://millionrounds.com/company/fission)[**Meanwhile** $38M · Oct 2026](https://millionrounds.com/company/meanwhile)[**Dyad** $10M · Sept 2026](https://millionrounds.com/company/dyad)[**World** $53M · Jul 2026](https://millionrounds.com/company/world)[**EDX Markets** $76M · Jul 2026](https://millionrounds.com/company/edx-markets)[**Orthogonal** $4.3M · Jun 2026](https://millionrounds.com/company/orthogonal)

## Mentioned on podcasts

Episodes that name Pantera Capital in their description, not their title.

- [BRAVE Southeast Asia Tech](https://millionrounds.com/podcasts/brave-southeast-asia) 23 Nov 2022 · 40 min Chia Jeng Yang: FTX Meltdown vs. SE Asia Crypto, Blockchain Regulators & Web3 Founder Advice - E217 Mentions [Antler](https://millionrounds.com/fund/antler)[Pantera Capital](https://millionrounds.com/fund/pantera-capital)[Rocket Internet](https://millionrounds.com/fund/rocket-internet-6) *+1* Apple PodcastsShow page
- [BRAVE Southeast Asia Tech](https://millionrounds.com/podcasts/brave-southeast-asia) 8 Apr 2021 · 40 min Paul Veradittakit on Crypto VC, Non-Linear Pathing & Startup vs. VC Leadership - E49 With [Paul Veradittakit](https://millionrounds.com/person/paul-veradittakit) Mentions [Boost VC](https://millionrounds.com/fund/boost-vc)[Pantera Capital](https://millionrounds.com/fund/pantera-capital)[Strive Capital](https://millionrounds.com/fund/strive-capital-2) *+1* Apple PodcastsShow page
- [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 6 Aug 2020 · 59 min The State of Prediction Markets and Crypto in 2020 with Joey Krug With [Joey Krug](https://millionrounds.com/person/joey-krug) Mentions [Pantera Capital](https://millionrounds.com/fund/pantera-capital) Apple PodcastsShow page
- [Village Global Podcast](https://millionrounds.com/podcasts/village-global) 12 May 2019 · 1h 18m The State of Prediction Markets and Crypto in 2019 with Joey Krug With [Joey Krug](https://millionrounds.com/person/joey-krug) Mentions [Pantera Capital](https://millionrounds.com/fund/pantera-capital)[Brett Bolkowy](https://millionrounds.com/person/brett-bolkowy) Apple PodcastsShow page

## Quick answers about Pantera Capital

### What does Pantera Capital invest in?

Pantera Capital invests most often at Seed and Series A (59% of the rounds on record), in sectors such as Defi, Token and Blockchain.

### How active is Pantera Capital?

196 investments on record, 22 of them in the last 12 months, and it led 17. The most recent was in Oct 2026.

### What has Pantera Capital invested in recently?

Its most recent investments on record: Fission (Series A, Oct 2026), Meanwhile (Series B, Oct 2026) and Dyad (Series A, Sept 2026).

### How big are Pantera Capital's cheques?

The median round it joins is $13M. It says it writes cheques of $5.0M to $100M.

### Does Pantera Capital lead rounds?

Sometimes: it led 17 of its 196 investments on record (9%).

### Where does Pantera Capital invest?

Most of the companies it backs are in the United States (81%), Bermuda (6%) and the United Kingdom (6%).

### Is Pantera Capital investing now?

Yes: it is actively investing, with 22 investments in the last 12 months.

### Who does Pantera Capital invest alongside?

Most often Coinbase Ventures (34 rounds together), Hashed (16 rounds together) and Digital Currency Group (15 rounds together).

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