Pantera Capital attracted over $71 million from 90 investors for the opening of a venture fund focused on the blockchain and cryptocurrency markets. The project plans to raise up $175 million, according to TechCrunch.
Partner of the firm Paul Veradittakit says the new fund will invest in cryptocurrencies which are being traded on stock exchanges. In addition, it will use machine learning for algorithmic investment.
Pantera Capital already has two venture funds. The first one ($13 million) has a hedge fund structure and focuses exclusively on the ICO. The second fund ($25 million) is engaged in investments in bitcoin.