Pantera nears $175M target for its new venture fund — here are the main takeaways from its March investor letter6

Pantera Capital, the California-based digital asset investor, is close to hitting the $175 million target for its a new venture fund, the firm said in an investor letter out Wednesday.

Already, it has raised $160 million for the aptly named Venture Fund III, which has put some capital to work, according to the letter. Pantera said it expects the fund to be involved in total of 35 deals across the market. The firm also hinted at where it might be looking to get in on new deals, noting opportunities in the market for cryptocurrency exchanges, as an example.

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