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Tier 1Active

Pantera Capital

AIDeFiInfrastructurePaymentsDePIN

Fund snapshot

Lookout tier
Tier 1
Lookout score
95/100
AUM
$3.8B
Vintage
2013
Check size
$1M – $50M
Stage
Seed, Series A, Series B, Liquid
Role
Leads rounds

Lookout's read

How Lookout reads this fund.

The original US crypto fund and still the bellwether for institutional-scale conviction. Its explicit $200M+ AI-crypto carve-out makes it one of the most serious large-cap allocators to the thesis Lookout tracks. Size and breadth are the moat; the risk is a multi-strategy giant rarely moving first on the frontier.

Fund thesis

What they back.

Within a decade every crypto company becomes an AI company — so capital should span venture equity, early-stage tokens and liquid tokens for full-cycle exposure.

Portfolio

Notable bets · 5

3 with realized tokens or exits

Bittensor

2024
AITokenToken live

Sentient

2024
AISeedActive

Circle

2025
StablecoinGrowthIPO

Arbitrum

2023
L2TokenToken live

Sahara AI

2024
AISeries AActive

In their orbit

Deals Lookout covers.

Team

Who runs the capital.

Dan Morehead

@dan_pantera

Founder & Managing Partner

Ex-Tiger Management head of macro; founded Pantera in 2003, launched its bitcoin fund in 2013.

Cosmo Jiang

@cosmo_jiang

General Partner (liquid/AI)

Leads Pantera's AI-crypto and liquid token strategy.

Co-investors

Who they ride with.

Facts public-source · tier & read are Lookout judgment · profile updates continuously