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Pantera Capital

Venture Capital · Founded 2003 · Menlo Park, United States

#185 Investor Ranking 2026 Top 1% of investors worldwide

Investment fund focused exclusively on digital currency and blockchain tech

208 Portfolio companies+113% in 5 years
27 Unicorns
4 Decacorns
281 Investments
Jul 2026 Last investment
02 · Biggest holdings

Pantera Capital’s biggest current holdings.

Pantera Capital is a named shareholder in 9 companies. Dealroom estimates those stakes are worth about $1.5B in total — the disclosed percentage × each company’s latest valuation. The 9 biggest are below, each sized by that estimate.

#CompanyEst. stakeValuationEst. value
  1. 1 AlchemyEnterprise Software · Decacorn 6% $10.2B $612M
  2. 2 StarkWare IndustriesFintech · Unicorn 3% $8.0B $240M
  3. 3 Amber GroupFintech · Unicorn 8% $2.9B $232M
  4. 4 RippleFintech · Decacorn 0.4% $40.0B $160M
  5. 5 InjectiveFintech · Unicorn 12.5% $1.0B $125M
  6. 6 ZamaFintech · Unicorn 5.5% $1.0B $55M
  7. 7 1.5% $1.0B $15M
  8. 8 3.88% $359M $14M
  9. 9 0.9% $1.1B $10M

3 companies hidden on this public profile. Estimated value = Pantera Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying shareholder registers on Dealroom →

03 · Exits

Pantera Capital’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Pantera Capital’s transaction record.

$9.0B IPO · 2022
Entered Series B+Now $15BFintech
$4.4B IPO · 2025
Entered Series B+Now $505MFintech
$2.1B IPO · 2021
Entered Series ANow $256MFintech
$1.1B IPO · 2026
Entered Series ANow $1.1BFintech
04 · Portfolio analysis

Where Pantera Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 208 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA164
  2. Singapore14
  3. UK13
  4. Switzerland8
  5. UAE8
  6. British Virgin Islands6
  7. Hong Kong5
  8. India5
  9. Canada4
  10. Israel4
  11. South Korea4
  12. China3
By sectorCount
  1. Fintech174
  2. Enterprise Software35
  3. Gaming25
  4. Security15
  5. Media14
  6. Health8
  7. Energy4
  8. Hosting3
  9. Real Estate3
  10. Sports3
  11. Transportation3
  12. Jobs Recruitment2
By stage enteredCount
  1. Series A91
  2. Seed86
  3. Series B+25
By growth stageCount
  1. Early Growth128
  2. Breakout Stage99
  3. Late Growth46
05 · Portfolio market map

Inside Pantera Capital’s portfolio.

The 60 highest-funded portfolio companies, of 208 tracked.

The Ether Machine
Fintech
$239M
FTX
Fintech
Circle
Fintech · Decacorn
$15B
Ripple
Fintech · Decacorn
$40B
Amber Group
Fintech · Unicorn
$2.9B
Alchemy
Fintech · Decacorn
$10B
Near Protocol Project
Fintech · Unicorn
$1.4B
Coinbase
Fintech · Decacorn
$38B
Anchorage Digital
Fintech · Unicorn
$4.2B
Bakkt
Fintech
$256M
Avalanche Treasury Co
Fintech
$675M
Sharps Technology
Health
$70M
Gemini
Fintech
$505M
Helium
Security · Unicorn
$1.2B
Bitso
Fintech · Unicorn
$2.2B
Eightco Holdings
Fintech · Unicorn
$2.4B
StarkWare Industries
Fintech · Unicorn
$8.0B
CoinDCX
Fintech · Unicorn
$2.2B
Mantle
Fintech
$920M
BitClout
Fintech
$800M
RedotPay
Fintech · Unicorn
$1.0B
1inch Network
Fintech · Unicorn
$2.3B
Zama
Security · Unicorn
$1.0B
Optimism
Fintech · Unicorn
$1.6B
Pintu
Fintech
$452M
World
Fintech · Unicorn
$3.0B
Offchain Labs
Fintech · Unicorn
$1.2B
Meanwhile
Fintech
$328M
Braintrust
Jobs Recruitment
$400M
Kik
Media · Unicorn
$1.0B
OpenFX
Fintech
$376M
Abra
Fintech · Unicorn
$1.1B
Novig
Gaming
$500M
Veem
Fintech
$124M
M0
Fintech
$160M
Mina Foundation
Security
$368M
BloXroute Labs
Fintech
$280M
Nitra
Fintech
$200M
Azra Games
Gaming
$214M
Eco
Fintech
$240M
Sentient
Enterprise Software
$340M
Sentient Labs
Fintech
$340M
0x
Fintech · Unicorn
$1.1B
Ethena
Fintech
$120M
EDX Markets
Fintech
$304M
Unstoppable Domains
Hosting · Unicorn
$1.0B
Morpho
Fintech · Unicorn
$2.0B
Securrency
Fintech
$120M
Bcb Group
Fintech
$240M
BCB Group
Fintech
$239M
Figure Markets
Fintech
$240M
FloBiz
Fintech
$124M
Terraform Labs | Terra Money
Fintech
$100M
Ripio
Fintech
$200M
VALR
Fintech
$240M
Hivemapper
Transportation
$128M
Injective
Fintech
$160M
AZA Finance
Fintech
$140M
Andalusia Labs
Fintech · Unicorn
$1.0B
MonkeyTilt
Gaming
$120M
06 · Portfolio founders

Where Pantera Capital’s portfolio founders come from.

187 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States90
  2. Hong Kong9
  3. France8
  4. United Arab Emirates8
  5. India7
  6. Israel6
  7. United Kingdom6
  8. Argentina5
  9. Germany3
  10. Netherlands3
UniversityCount
  1. Stanford University14
  2. Harvard University7
  3. Harvard Business School6
  4. University of Pennsylvania6
  5. Princeton University5
  6. Dartmouth College4
  7. Georgia Institute of Technology4
  8. Queen's University4
  9. Massachusetts Institute of Technology3
  10. Stanford University Graduate School of Business3
Previous companyCount
  1. Alphabet | Google8
  2. Coinbase5
  3. Deloitte4
  4. Goldman Sachs4
  5. Stanford University4
  6. Bizongo3
  7. ConsenSys3
  8. Lyft3
  9. McKinsey & Company3
  10. Morgan Stanley3