Pantera Capital

Pantera Capital is an investment firm based in Menlo Park, California, specializing in Bitcoin and other digital currencies, as well as companies operating within the blockchain space. Founded in 2003 by Dan Morehead, who previously served as chief financial officer and head of Macro Trading at Tiger Management, the firm transitioned from a focus on global macro hedge fund investments to exclusively target the burgeoning digital currency market by 2014. Pantera Capital believes that Bitcoin can revolutionize the way people conduct transactions, akin to the transformative impact of the Internet on communications and commerce. The firm engages in various stages of investment, including seed, early, and later-stage opportunities, while maintaining a particular interest in technology sectors such as financial technology, cybersecurity, and big data. Its investors include notable entities such as Benchmark and Fortress Investment Group.

Heidi M. von Allmen

Chief Investment Officer, Pantera Bitcoin Fund and Hedge Fund Analyst

Ryan Barney

Senior Investment Associate and Investor

Mary Blackburn

Associate

Paul Brodsky

Partner

David Cheung

Partner

Nolan Ford

Associate

Semir Gabeljic

Associate

Ron Glantz

Investor

Gorham C.F.A., Matthew Joseph

COO

Nihal Maunder

Junior Partner

Dan Morehead

Founder Co-Chief Investment Officer and CEO

Lauren Stephanian

Partner

Past deals in Mining

Rarify

Series A in 2022
Rarify is currently working on making a service where minting and selling digital assets can become a non-hassle for industries such as music, gaming, applications and entertainment.

MRGN Group

Seed Round in 2022
mrgn labs is a team focused on democratizing essential financial infrastructure for the betterment of mankind.

BitClout

Initial Coin Offering in 2021
BitClout is an open-source social media platform that builds a Proof-of-Work blockchain for its users. BitClout is a new type of social network that speculates on people and posts with real money, and it’s built from the ground up as its own custom blockchain. Its architecture is similar to Bitcoin, only it can support complex social network data like posts, profiles, follows, speculation features, and much more at significantly higher throughput and scale.

Bitso

Series C in 2021
Bitso SAPI de CV is a prominent online trading platform based in Mexico City, founded in 2014, that facilitates the buying and selling of Bitcoin and other cryptocurrencies. As Mexico's first Bitcoin exchange, Bitso allows users to trade Bitcoin with the Mexican Peso, providing a secure and professional environment for cryptocurrency transactions. Users can fund their accounts through various options, including in-person deposits at designated locations across Mexico. The platform operates with a central limit order book, similar to traditional currency exchanges, ensuring efficient trade execution. Additionally, Bitso offers an API that enables third-party applications, such as trading and charting tools, to integrate with its platform, along with a dedicated mobile application for seamless trading activities.

BitClout

Funding Round in 2021
BitClout is an open-source social media platform that builds a Proof-of-Work blockchain for its users. BitClout is a new type of social network that speculates on people and posts with real money, and it’s built from the ground up as its own custom blockchain. Its architecture is similar to Bitcoin, only it can support complex social network data like posts, profiles, follows, speculation features, and much more at significantly higher throughput and scale.

Wintermute

Series B in 2021
Wintermute Trading Limited is a global crypto market maker that specializes in proprietary trading and offers market making services to both crypto projects and exchanges. Founded in 2017 by experienced professionals from the high-frequency trading sector, the company is headquartered in London, United Kingdom. Wintermute develops its own algorithms and trading strategies, ensuring full compliance with the risk management and compliance practices of traditional financial markets. By leveraging its expertise, Wintermute plays a significant role in enhancing liquidity and efficiency within the cryptocurrency ecosystem.

Bitso

Series B in 2020
Bitso SAPI de CV is a prominent online trading platform based in Mexico City, founded in 2014, that facilitates the buying and selling of Bitcoin and other cryptocurrencies. As Mexico's first Bitcoin exchange, Bitso allows users to trade Bitcoin with the Mexican Peso, providing a secure and professional environment for cryptocurrency transactions. Users can fund their accounts through various options, including in-person deposits at designated locations across Mexico. The platform operates with a central limit order book, similar to traditional currency exchanges, ensuring efficient trade execution. Additionally, Bitso offers an API that enables third-party applications, such as trading and charting tools, to integrate with its platform, along with a dedicated mobile application for seamless trading activities.

BitGo

Venture Round in 2020
BitGo is the world's largest processor of on-chain Bitcoin transactions, processing 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies. BitGo supports over 200 coins and tokens, and has over $2 billion in assets in wallet. Our customer base includes the world's largest cryptocurrency exchanges and spans more than 50 countries. In 2018, we introduced BitGo Custody and launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. In 2019, we began providing clearing and settlement. Ben Davenport, Michael Belshe, and Will O'Brien founded BitGo in 2013. It has its headquarters in Palo Alto in California.

Coinme

Venture Round in 2020
Coinme Inc. is a blockchain financial technology company based in Seattle, Washington, that operates a network of bitcoin ATMs and provides digital wallet services. Established in 2014, Coinme became the first state-licensed Bitcoin ATM operator in the United States and has since expanded its reach through a partnership with Coinstar, creating the largest bitcoin kiosk network globally. The company's offerings include automated teller machines for cryptocurrency, a proprietary API that enables existing financial infrastructure to support digital currency transactions, and solutions for digital currency IRAs and 401(k)s. Coinme's services aim to facilitate easy access to the digital currency economy, allowing users to buy, sell, and exchange virtual currencies securely.

bloXroute Labs

Series B in 2019
bloXroute Labs, Inc. offers a blockchain scalability solution that enhances the capacity of cryptocurrencies and blockchains to process thousands of transactions per second without requiring protocol modifications. This solution operates beneath the consensus layer, allowing all nodes to maintain consensus over the blockchain state, regardless of transaction volume. The company's platform leverages a global network of servers optimized for performance through advanced techniques such as compression and encryption. By efficiently propagating transactions and blocks, bloXroute enables increased transaction throughput for various blockchains, making it a versatile and neutral solution for any node. Founded in 2018, bloXroute is based in Evanston, Illinois.

Meter.io

Seed Round in 2019
Meter.io is a cryptocurrency platform that focuses on resolving key challenges in the blockchain space, including volatility, scalability, and interoperability. It operates on a hybrid consensus protocol that enhances the functionality of smart contracts, allowing them to effectively scale and operate across various blockchain networks. By providing robust infrastructure, Meter.io empowers decentralized businesses to navigate the complexities of existing cryptocurrencies, facilitating smoother transactions and interactions within a multi-chain environment.

The Block

Seed Round in 2019
The Block is a prominent research, analysis, and news organization focused on the digital asset sector. Established in 2018 and headquartered in New York City, The Block operates with a team distributed across multiple time zones, enabling continuous coverage of the global cryptocurrency and blockchain landscape. The organization aims to serve as a comprehensive resource for individuals seeking to understand and navigate the evolving world of digital assets, including programmable money, distributed ledgers, and decentralized applications. Through its in-depth reporting and insights, The Block positions itself as a key player in the digital asset space.

Staked

Seed Round in 2019
Staked, LLC provides an infrastructure that assists institutional investors of digital currencies to compound crypto holdings through staking and lending. The company offers SLA for block rewards, automatic payouts, and detailed reporting. It supports staking and lending across various proof-of-stake currencies. The company was founded in 2018 and is based in Becket, Massachusetts.

Staked

Seed Round in 2019
Staked, LLC provides an infrastructure that assists institutional investors of digital currencies to compound crypto holdings through staking and lending. The company offers SLA for block rewards, automatic payouts, and detailed reporting. It supports staking and lending across various proof-of-stake currencies. The company was founded in 2018 and is based in Becket, Massachusetts.

Bgogo

Venture Round in 2018
Bgogo operates a digital asset exchange based in the Cayman Islands, enabling users to trade cryptocurrencies. The company distinguishes itself as a community-focused platform, claiming to be created by and for the community. It is notable for being the first digital asset exchange with supernode listing authority, which is intended to facilitate the listing of high-quality and promising digital assets. Bgogo's founding team comprises individuals with backgrounds in prominent technology firms, including Facebook, Twitter, IBM, and Alibaba. Additionally, the core engineering team includes several world champions from the ACM International Collegiate Programming Contest, highlighting the company's commitment to technical excellence.

Cypherium

Venture Round in 2018
Cypherium Blockchain, Inc. is a New York-based company that provides a hybrid blockchain platform designed to enhance scalability, decentralization, and commercial viability. Established in 2018, Cypherium employs a unique consensus mechanism that combines proof-of-work and Byzantine fault tolerance to achieve high transaction throughput and efficient contract execution. The platform is permissionless, allowing developers to create innovative applications while offering users an intuitive interface to access these functionalities. Additionally, Cypherium focuses on promoting financial inclusivity through protocol interoperability, delivering a distributed ledger technology that offers significant privacy and security advantages for businesses.

Bgogo

Venture Round in 2018
Bgogo operates a digital asset exchange based in the Cayman Islands, enabling users to trade cryptocurrencies. The company distinguishes itself as a community-focused platform, claiming to be created by and for the community. It is notable for being the first digital asset exchange with supernode listing authority, which is intended to facilitate the listing of high-quality and promising digital assets. Bgogo's founding team comprises individuals with backgrounds in prominent technology firms, including Facebook, Twitter, IBM, and Alibaba. Additionally, the core engineering team includes several world champions from the ACM International Collegiate Programming Contest, highlighting the company's commitment to technical excellence.

Coinsuper

Series A in 2018
CoinSuper Fintech (HK) Co., Ltd., doing business as Coinsuper, provides digital asset trading and customized services for professionals and individuals. It offers financial advisory, compliance, wealth management, and cryptocurrency and financial technology. The company was founded in 2017 and is based in Central, Hong Kong.

Mithril

Initial Coin Offering in 2018
Mithril is a decentralized social network ecosystem that leverages blockchain technology to reward content creators for their contributions. Founded in 2017 and based in Taipei, Taiwan, Mithril integrates its ERC-20 social media token, MITH, into both new and existing social media platforms. The MITH token serves as a utility within the Mithril ecosystem, allowing users to spend it on various services, including dating applications, premium content channels, and live-streaming platforms. Additionally, Mithril features Lit, a platform that facilitates social mining, and Mithril Vault, a digital asset management tool for Mithril tokens. The Mithril Merchant Network aims to enable retail acceptance of MITH as a payment method, initially targeting retailers in Taiwan, Singapore, and Hong Kong. With a focus on meeting the needs of the younger generation of social media users and early crypto adopters, Mithril seeks to create a valuable ecosystem that benefits both users and partner merchants.

BitGo

Series B in 2017
BitGo is the world's largest processor of on-chain Bitcoin transactions, processing 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies. BitGo supports over 200 coins and tokens, and has over $2 billion in assets in wallet. Our customer base includes the world's largest cryptocurrency exchanges and spans more than 50 countries. In 2018, we introduced BitGo Custody and launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. In 2019, we began providing clearing and settlement. Ben Davenport, Michael Belshe, and Will O'Brien founded BitGo in 2013. It has its headquarters in Palo Alto in California.

ShapeShift

Series A in 2017
ShapeShift AG, founded in July 2014 and based in Zug, Switzerland, operates a web and API platform that facilitates the conversion of Bitcoin and various altcoins with a focus on consumer protection and efficiency. The platform allows users to exchange a range of cryptocurrencies, including Litecoin, Peercoin, and Dogecoin, among others. In 2019, ShapeShift enhanced its services to enable users to self-custody their crypto assets, providing the capability to buy, sell, trade, track, send, and receive digital currencies without relying on third-party trust. Additionally, ShapeShift offers several tools and services such as the ShapeShift Lens Extension for payments, a mobile application for asset exchanges, and the Shifty Button for businesses to accept Bitcoin and other cryptocurrencies. The company also operates CoinCap.io, a real-time crypto market data service, and acquired the hardware wallet company KeepKey in 2017.

Coins.ph

Series A in 2016
Coins.ph is a financial technology company based in Pasig City, Philippines, founded in 2014. It operates a mobile wallet that provides consumers and small businesses with access to a range of financial services. The platform enables users to transfer money, pay bills, load mobile phones, and engage in cryptocurrency transactions, including buying and selling bitcoins. Coins.ph also facilitates local and international remittances, online shopping, and game credits, making financial transactions more accessible through mobile devices and blockchain technology. The company offers features such as ATM cash pickup, merchant services, and a user-friendly mobile application, allowing customers to manage their finances without the burden of minimum cash-in amounts or monthly fees. Coins.ph operates as a subsidiary of PT Go-Jek Indonesia.

Zcash

Seed Round in 2016
Zcash offers total payment confidentiality, while still maintaining a decentralized network using a public blockchain. Unlike Bitcoin, Zcash transactions automatically hide the sender, recipient, and value of all transactions on the blockchain. Only those with the correct view key can see the contents. Users have complete control and can opt-in to provide others with their view key at their discretion. Zcash transactions do not depend on the cooperation of other parties. Additionally, full nodes in the Zcash network only need to store a small persistent state.

Filament

Series A in 2016
Filament builds blockchain hardware and& software solutions for enterprise and IoT. Filament’s distributed blockchain capabilities leverage open protocols so that devices are able to independently process and record transactions, ensuring digital trust. Its new trusted application software and Blocklet Chip, currently in beta, are designed to communicate and interact with multiple blockchain technologies natively. The software, implemented on existing hardware, will deliver a secure distributed ledger technology solution. The Blocklet Chip will allow industrial corporations and enterprises to seamlessly extract the value of recording and monetizing data assets, at the edge of the network, on the sensors themselves.

Filament

Series A in 2015
Filament builds blockchain hardware and& software solutions for enterprise and IoT. Filament’s distributed blockchain capabilities leverage open protocols so that devices are able to independently process and record transactions, ensuring digital trust. Its new trusted application software and Blocklet Chip, currently in beta, are designed to communicate and interact with multiple blockchain technologies natively. The software, implemented on existing hardware, will deliver a secure distributed ledger technology solution. The Blocklet Chip will allow industrial corporations and enterprises to seamlessly extract the value of recording and monetizing data assets, at the edge of the network, on the sensors themselves.

Earn.com

Series B in 2015
Earn USA, Inc. operates a social networking platform that allows users to earn digital currency by replying to emails and completing various tasks. Formerly known as 21E6, LLC, the company rebranded in September 2017 and has been incorporated since 2013, with its headquarters in San Francisco, California. As a subsidiary of Coinbase, Inc., Earn USA, Inc. aims to create a token-based ecosystem where users can receive payments in digital currency for their contributions. The platform facilitates decentralized digital currency transactions, enabling users to earn money on any device and in any location without the necessity of a bank account. This innovative approach positions Earn USA, Inc. as a potential pioneer in the application of digital currency for everyday users.

ChangeCoin

Seed Round in 2014
ChangeCoin is a micropayment infrastructure for the Internet that specializes in the fields of micropayments, bitcoin, social commerce, digital currencies, and payments. It was founded in 2016 and headquartered in San Francisco, California.

Bitaccess

Seed Round in 2014
Bitaccess Inc. is a technology company based in Ottawa, Canada, founded in November 2013. The company specializes in manufacturing Bitcoin Automatic Teller Machines (BTMs) and providing software solutions for financial technology (Fintech) businesses across more than 15 countries. Bitaccess enables its clients, which range from start-ups to large corporations, to access public blockchain technology through its secure and user-friendly platform. The company’s offerings include infrastructure, compliance, and support services, utilizing smart contracts and hardware security to facilitate efficient financial transactions and customer onboarding. Bitaccess is committed to making digital currency accessible to individuals and businesses alike.

Bitstamp

Venture Round in 2014
Bitstamp owns and operates a digital currency marketplace that allows companies and individuals from all around the world to buy and sell bitcoin, litecoin, ethereum, ripple, and bitcoin cash. Damijan Merlak and Nejc Kodric founded Bitstamp in 2011. It has its headquarters in London in the United Kingdom with additional offices in Luxembourg and Berkeley in California.

Xapo

Series A in 2014
Xapo operates a digital banking and bitcoin security platform that provides a comprehensive suite of financial tools and vault services for secure bitcoin storage. The company offers two primary products: an easy-access bitcoin wallet and a highly secure cold storage vault. This dual approach allows users to manage their bitcoin conveniently for everyday transactions while ensuring robust security for long-term savings. Xapo's platform includes a peer-to-peer payment system and access to digital currency, enabling users to utilize their bitcoin globally. The firm emphasizes the importance of trust in the digital currency space, employing a team of financial services and security experts to create a reliable and user-friendly storage experience for bitcoin users.
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