About Pantera Capital
Pantera Capital is a venture capital firm founded in 2003. It is primarily based out of San Francisco, United States. As of Oct 2026, Pantera Capital is an active investor, having invested in 282 companies, with 14 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Blockchain Technology to High Tech and FinTech. Most recently it participated in the $***** Series B round of Meanwhile Overall, Pantera Capital portfolio has seen 17 unicorns, 16 IPOs and 27 acquisitions including key companies like Circle, Coinbase and CoinDCX. A lot of funds co-invest with Pantera Capital, with names like Coinbase sharing a substantial percentage of its portfolio. Pantera Capital has team of 26 people including 9 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 5 more
Deals in last 12 months
Pantera Capital's List of Top Investments
Pantera Capital has a portfolio of 282 companies, including 17 unicorns. Their most notable investments are in SynFutures and DODO.Their portfolio spans across United States, United Kingdom, Singapore and 38 more locations. They have invested in Blockchain Technology, High Tech, FinTech and 21 other sectors, across stages such as Seed, Series A and 5 more. Here is the list of top investments by Pantera Capital:1. Circle
Cross-border payment solution for businesses focusing on cryptocurrency. It offers a payments API for payment processing, a payouts API for global payouts solutions, and more. The mobile application is available for Android users.
Key facts about Circle
- Founded Year: 2013
- Location: Boston (United States)
- Stage: Public
- Total Funding till date: $1.51B
- Employee Count: 1,533 as on Sep 30, 2026
- Investors: 2020 Ventures, K2 Global and 57 Others
- Latest Funding Round: Post IPO, Sep 22, 2026, $*****
- Highlight: Public
2. Coinbase
Online platform for crypto portfolio. It offers solutions for consumers such as regular trading platforms, wallets for storing cryptocurrencies, crypto exchanges, USD-backed stable coins, and more. It also provides solutions for businesses such as custodian services, crypto-based payment acceptance solutions, and more.
Key facts about Coinbase
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $547M
- Employee Count: 7,025 as on Sep 30, 2026
- Investors: Intel, 2020 Ventures and 149 Others
- Latest Funding Round: Post IPO, Aug 13, 2021, $*****
- Highlight: Public
3. CoinDCX
Provider of cryptocurrency exchange services. This platform enables users to trade various digital assets through a secure and intuitive interface. It offers tools for buying, selling, and managing portfolios of cryptocurrencies, catering to both retail and professional traders. The service focuses on providing liquidity and market access for a wide range of blockchain-based tokens.
Key facts about CoinDCX
- Founded Year: 2018
- Location: Mumbai (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $247M
- Employee Count: 101 as on May 31, 2026
- Investors: Steadview, Temasek and 32 Others
- Latest Funding Round: Series D, Oct 15, 2025, $*****
- Highlight: Editors' Pick
4. Bitso
Online trading and exchange platform for cryptocurrency. The platform enables users to buy and sell digital currencies through app-based and web platforms. It supports a wide range of digital currencies including Ripple, Bitcoin, Ether, XRP, Litecoin among others. It also provides market analysis charts and insights as a reference to the trader. The app is available on iOS and Android devices.
Key facts about Bitso
- Founded Year: 2014
- Location: Mexico City (Mexico)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $331M
- Employee Count: 884 as on Sep 30, 2026
- Investors: Bond Capital, RAA Capital and 38 Others
- Latest Funding Round: Series C, May 05, 2021, $*****
- Highlight: Editors' Pick
5. BitGo
Platform that offers crypto based financial services. It offers custody, trading, and lending solutions to institutional investors and crypto platforms. It provides regulated and insured custody for digital assets, with a cold storage to manage counterparty risk. Its solutions include features like whitelisting, user level permissions, and velocity controls.
Key facts about BitGo
- Founded Year: 2013
- Location: Palo Alto (United States)
- Stage: Public
- Total Funding till date: $170M
- Employee Count: 200 - 499 as on Mar 01, 2026
- Investors: K2 Global, Goldman Sachs and 40 Others
- Latest Funding Round: Series C, Jan 24, 2024, $*****
- Highlight: Public
Pantera Capital's Year-on-Year Investment Trends
Pantera Capital has invested in 282 companies over the last 13 years, with an average of 19 new investments annually in the last 10 years. In 2025, it made 37 investments, while as of Oct 2026, it has made 11 investments in this year. Its most recent first time investment was in Orthogonal and most recent follow-on round was in Meanwhile.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 9 | 2 | 11 |
2025 | 35 | 2 | 37 |
2024 | 22 | 3 | 25 |
2023 | 14 | 3 | 17 |
2022 | 41 | 9 | 50 |
2021 | 27 | 13 | 40 |
2020 | 10 | 4 | 14 |
2019 | 10 | 1 | 11 |
2018 | 15 | 3 | 18 |
2017 | 4 | 1 | 5 |
Pantera Capital's Investments by Stage
Pantera Capital has made 89 investments in Seed stage with an average round size of $9.33M, 79 investments in Series A stage with an average round size of $21.2M and 20 investments in Series B stage with an average round size of $38.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 89 |
Series A | 79 |
Series B | 20 |
Post IPO | 11 |
Series D | 6 |
Others | 2 |
Note: We have considered here, only first round of investments
Pantera Capital's Investments by Sector
Pantera Capital has a diverse portfolio, with companies operating in the Blockchain Technology, FinTech, Blockchain - Industry Applications, High Tech and Enterprise Applications. Notably, it has invested in 266 Tech companies, 221 Blockchain companies, 166 Enterprise (B2B) companies and at least 157 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Blockchain Technology | 161 |
FinTech | 140 |
Blockchain - Industry Applications | 134 |
High Tech | 127 |
Enterprise Applications | 63 |
Others | 120 |
Note: We have considered here, only first round of investments
Pantera Capital's Investments by Geography
Pantera Capital has made most investments in United States (114), followed by United Kingdom where it has made 13 investments.Country | No. of Investments |
|---|---|
United States | 114 |
United Kingdom | 13 |
Singapore | 10 |
China | 8 |
India | 5 |
Others | 55 |
Note: We have considered here, only first round of investments
Pantera Capital's recent investments
Pantera Capital has made 11 investments in 2026 so far. Meanwhile and Orthogonal are the latest among them.Here are the most recent investments by Pantera Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 08, 2026 | Bermuda | Series B | 8029 | [+5] | |
Jun 22, 2026 | United States | Seed | 1809 | [+5] | |
Jun 22, 2026 | China | Seed | 1647 | [+1] | |
Apr 27, 2026 | South Korea | Series A | 9336 | ||
Apr 2026 | Pakistan | Seed | 1446 | [+4] |
Unicorns in Pantera Capital's Portfolio
Pantera Capital has 17 unicorns in its portfolio - TOP, Zama, Humanity Protocol and others. The most recent unicorn in their portfolio is TOP. It became a unicorn in 2025.Here is a list of unicorns in Pantera Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
58 | Developer of blockchain infrastructure and software tools for message applications | 2022 | Dubai | Series A | xniohtb | ||
66 | Developer of fully homomorphic encryption solutions for blockchain privacy applications | 2019 | Paris | Series B | nrjnhsh | ||
56 | Developer of a decentralized identity blockchain protocol | 2023 | Hong Kong | Seed | ibkhkia | ||
45 | Developer of infrastructure for internet native economic and financial systems | 2021 | Palo Alto | Series A | uzrlopm | ||
51 | Blockchain Research & Development Organization | 2020 | - | Series B | {ux{vdb |
IPOs and Publicly Listed companies in Pantera Capital's Portfolio
16 of Pantera Capital's portfolio companies have become public. BitGo got listed on the New York Stock Exchange (NYSE), in Jan 2026 at marketcap of $1.92B and Circle got listed on the New York Stock Exchange (NYSE) at marketcap of $6.22B.Here are Pantera Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 22, 2026 | - | - | 4953 | |
Jun 05, 2025 | Mar 26, 2014 | Series B | 3126 | |
Mar 13, 2025 | Jul 04, 2025 | Post IPO | 9521 | |
Apr 26, 2024 | Sep 02, 2025 | Post IPO | 5024 | |
Jul 25, 2023 | Apr 08, 2025 | Post IPO | 8553 |
Acquired companies in Pantera Capital's Portfolio
27 companies from Pantera Capital's portfolio have been acquired. The most recent acquisition was Bloxroute in Jul 2026 by FalconX for $*****.Here are Pantera Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2026 | - | - | 2103 | |
Mar 19, 2026 | Aug 18, 2024 | Seed | 4723 | |
Feb 13, 2026 | Aug 25, 2014 | Series A | 4854 | |
Jan 13, 2026 | May 01, 2020 | Series A | 2365 | |
Nov 25, 2025 | Nov 08, 2022 | Seed | 9390 |
Team profile of Pantera Capital
Pantera Capital has a team of 26 members including 9 Partners and 6 Principals located in United States and United Arab Emirates. Pantera Capital's team does not sit on the board of any company as of now.Here is a list of top team members in Pantera Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | - | - | ||
Partner | Washington | - | - | |
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | Dubai | - | - |
Co-investors of Pantera Capital
Over the past 13 years, 1528 investors have co-invested in Pantera Capital's portfolio companies. This includes funds and angels.
- Invested before Pantera Capital: Coinbase, Polychain and 399 others have invested in rounds before Pantera Capital. There are 7 companies where Coinbase has invested before Pantera Capital and 6 companies where Polychain has invested before Pantera Capital.
- Top Co-investors of Pantera Capital: 771 investors entered a company along with Pantera Capital. These include investors like Coinbase (29 companies).
- Invested after Pantera Capital: A total of 356 investors have invested in Pantera Capital's portfolio after their investments. Top Investors include Coinbase (9 companies), Alameda Research (8 companies) and Digital Currency Group (6 companies).
Recent News related to Pantera Capital
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Circle raises INR 25 Cr led by Nexus Venture PartnersEnablers•Oct 14, 2026•Circle, Nexus Venture Partners, Titan Capital, Circle and 6 others
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Founders Fund Leads $5 Million Token Buy in AnvilCryptocurrency•Oct 06, 2026•Founders Fund, Bullish, Pantera Capital
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World Foundation Raises $52.5 Million in WLD Token SaleCryptocurrency•Jul 24, 2026•Eightco, SIG, Bain Capital Crypto, Pantera Capital and 4 others
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S&P Dow Jones Indices and Pantera Capital Launch New Index for Digital AssetsPR Newswire•Jul 21, 2026•S&P Global, Pantera Capital
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TurboFlow raises $6M from Pantera to build Asia’s on-chain prediction market hubCryptopolitan•Jun 23, 2026•Pantera Capital, DCG, SIG, Digital Currency Group
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Orthogonal Raises $4.3M Seed Funding for AI Agent Orchestration and Payments InfrastructureThe SaaS News•Jun 23, 2026•Orthogonal, Pantera Capital, Pioneer Fund, Outbound Capital and 6 others
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Sahara AI token SAHARA fell by about 60% in a short period of timeJun 09, 2026•Binance, Sahara AI, Pantera Capital, Polychain Capital
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Rialo Testnet Launches; Elastics and Saturn Announce Seed FundingKuCoin•May 10, 2026•Pantera Capital, Rialo
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KB Financial partners with Pantera Capital to advance blockchain strategyKorea Herald•May 03, 2026•Pantera Capital, https://kbfinancialgroup.com
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