Leading to the cryptocurrency industry, venture capital firm Pantera Capital has raised $160 million for the work of the project investment Venture Fund III. Thus, the company has not reached the goal of $175 million, but decided to stop fundraising until the end of the month.

NOW AVAILABLE: Our March #Blockchain Letter, Block Reward Halving and Venture Fund III Closinghttps://t.co/vUjXVOMYHv pic.twitter.com/F1XMqpzHOx

— Pantera Capital (@PanteraCapital) March 26, 2019.

Note that a Venture Fund III has already invested in 11 portfolio companies totaling $38 million under a new Fund Pantera Capital intends to sell 35 deals with an average cost of $3.5 million With an average share of firms in each of the projects should be 11%. I should add that the two transactions were a natural continuation of the previous one.

The company invested in players following market segments: Finance, payments, exchanges, blockchain private solutions and infrastructure.

Pantera Capital is actively investing in the trading platform because, in the past these investments were well off. Note that the firm participated in the funding round Bakkt to $182 million with Microsoft, the Boston Consulting Group and others.

Additionally, the representatives of venture capital firms recognize that in the past some correlation between price of bitcoin and the approaching date of Kalinga took place. So, in 2012 the bottom was reached in 376 days before the event, and in 2016 for 320 days. Thus, if the output of secondary, this time the first cryptocurrency can reach the low of June 10 for 348 days to reduce the reward for the block, according to the company.

We will remind, one of the last investments, Pantera Capital has become a cryptocurrency broker Tagomi.

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