The blockchain-focused investment firm Pantera Capital is looking to raise up to $175 million for its third venture fund.

The San Francisco company has already raised around $71 million from 90 investors making an enormous jump from its previous venture fund of $25 million.  In 2013 the company raised $13 million in its debut venture fund.

Pantera has revealed the Venture Fund III ‘s first investment in a blog post. The firm is one of the founding investors in Bakkt, a crypto asset platform.

The new platform will be created by Intercontinental Exchange (ICE), the owner of the New York Stock Exchange in partnership with giant companies including Microsoft and Starbucks.

As reported, the investment firm revealed that it had generated a return of 10,136.15% over the past five years. It also said that it expects the Bitcoin price to reach $67,500 by the end of 2019.

Gianmarco Ebeling

Economics student with a passion for high-tech and innovation. Enthusiastic about the blockchain revolution and his potential to improve all aspects of our lives.

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