Pantera Capital to Raise $125M

Closing funding round with $175M target amount is scheduled for March
22 February 2019   805

The company Pantera Capital has attracted $ 125 million investment for the opening of a venture fund focused on the blockchain and cryptocurrency, CoinDesk reported.

Closing funding round is scheduled for March. The target amount of the project is $ 175 million and, therefore, the company has already managed to collect most of the funds.

According to representatives of Pantera Capital, the company held negotiations with a multitude of investors, including institutionalists, endowments and pension funds.

The new fund plans to support from 30 to 50 companies. The previously created two Pantera Capital funds have so far invested a total of 44 projects.

Among the priority investment areas of Pantera Capital are custodial solutions, stock exchanges, asset management, institutional tools and infrastructure.

Pantera Capital takes part in the capital of the Bakkt cryptocurrency platform, service for institutional investors Staked, startups Synthetic Minds and Blockfolio.

Liquid Exchange to Announce Refund to GRAM Investors

Exchange returned funds in accordance with the terms of the sale, since the main TON network was not launched by October 31, 2019
16 January 2020   104

Liquid cryptocurrency exchange canceled the sale of rights to Gram tokens and announced that it would return all funds to investors.

In a message, the exchange indicates that it is obliged to return all funds in accordance with the terms of the sale, since the main Telegram Open Network (TON) network was not launched by October 31, 2019 due to a conflict with the U.S. Securities and Exchange Commission ( SEC).