Fundraising Fox

Pantera Capital

San Francisco · Seed–Series A · 19 people tracked

Fox Verdict
Sign up to see your fit

Investment thesis

Pantera focuses on investments across the blockchain and cryptocurrency ecosystem, from companies building products and services to early-stage token protocols and liquid digital assets. The firm leverages its technical expertise and market reputation to identify opportunities throughout the maturity spectrum, with approximately half of portfolio company investments led by the firm.

Invests inCrypto & Web3San Francisco

Source: firm website, verified Jul 17, 2026.

Stage
Seed–Series A
HQ
San Francisco, US
Leads rounds
Leads
Founded
2013
AUM
$4B

Team · 19 people

from the firm's website
Cosmo Jiang· General Partnerin𝕏

Oversees liquid token strategies and joined from Nova River where he managed a fundamental, thesis-driven digital asset fund. Brings over five years of digital asset investing experience and ten years in traditional finance from roles at Hitchwood Capital, Apollo Global Management, and Evercore Partners.

Dan Morehead· Founder & CEOin𝕏

Founded Pantera Capital Management in 2003 to invest exclusively in blockchain assets. Previously served as Head of Macro Trading and CFO at Tiger Management under Julian Robertson, and began his career at Goldman Sachs as their first Asset-Backed Securities trader.

Franklin Bi· General Partnerin𝕏

Focuses on early-stage venture and token investing and portfolio development. Has led investments across DeFi, infrastructure, and Web3 gaming since joining in 2019. Previously founded J.P. Morgan's blockchain group Onyx in 2015 and co-founded Scale8 Partners, an advisory firm for early-stage DeFi protocols.

Paul Veradittakit· Managing Partnerin𝕏

Founding member of Pantera's investment team who has backed over 200 strategic investments and facilitated major acquisitions across the blockchain ecosystem since 2014, including investments in Circle, Alchemy, Amber, Arbitrum, and other industry-defining companies now serving billions of users.

Dennis· Director of Trading

Joined Pantera in 2018 as Director of Trading. Previously served as Partner at Cambrian Capital where he led trading and operations, and held controller and management positions at Menta Capital and State Street.

Elsa Backdahl Nordenfalk· Senior Director of Capital Formationin

Joined Pantera in 2022 focused on business development and investor relationships globally. Has been in the blockchain industry since 2017, previously leading business development for CoinShares in French-speaking and Nordic regions. Holds the Chartered Financial Analyst designation.

Jay Yu· Investment Analystin𝕏

Joined Pantera in 2025 focused on venture investments and research. Conducted research on decentralized autonomous organizations and trusted execution environments at Stanford University and IC3, with peer-reviewed publications at top academic venues.

Jeff· Product Manager

Joined Pantera in 2022 as Product Manager of hedge funds. Senior Managing Director at Guggenheim Partners with extensive background across asset classes. Also created The American Flag Football League with partnerships and production on major media outlets.

Joey Shin· Investment Analystin𝕏

Joined Pantera in 2026 focused on DeFi and infrastructure investments. Previously served as investor at IOSG Ventures, focusing on consumer infrastructure and DeFi. Conducted research on MEV and zero-knowledge proofs at FranklinDAO while studying at University of Pennsylvania.

Jonathan Gieg· Community Managerin𝕏

Joined Pantera in 2021 to enhance portfolio experience and support the founder community. Previously founded Irvine Crypto, an educational cryptocurrency-focused organization in 2017.

Katrina Paglia· Chief Legal Officerin𝕏

Oversees legal, regulatory, compliance, and human resources functions. Previously served as Director & Associate General Counsel at Coinbase, General Counsel at Capstone Investment Advisors, and held legal roles at Och-Ziff Capital Management and major financial institutions.

Kerry Wong· Head of Investor Relations

Previously served as Director of Investor Relations at Scalar Capital and managed prime brokerage operations at Barclays Bank and capital markets roles at Citibank.

Marc Zelsman· Chief Financial Officer

Brings over two decades of alternatives experience. Previously spent 13 years at Apollo Global Management as Managing Director in Credit and Private Equity divisions, and held controller positions at Strategic Value Partners and Bear Stearns Merchant Banking.

Mason Nystrom· Investorin𝕏

Joined Pantera in 2024 focused on venture and growth investments. Previously served as investor at Variant, an early-stage crypto fund, and as Senior Research Analyst at Messari covering web3 infrastructure, NFTs, and DeFi.

Matt Gorham· Analystin

Originally joined Pantera in 2005 as a global macro trader and risk analyst. Previously served as portfolio analyst at Aperio Group and equity trader at LPL Financial Services. Holds the Chartered Financial Analyst designation.

Nick Zurick· Talent Leadin

Joined Pantera in 2022 to lead the firm's talent practice. Previously served as first Leadership Recruiting hire at Robinhood where he built leadership teams and processes. Has extensive background in executive search within technology.

Paul Brodsky· Portfolio Managerin

Experienced investor in traditional and digital asset markets who founded and managed successful hedge funds including Spyglass Capital focused on MBS derivatives and QB Partners focused on macro strategies. Rejoined Pantera in 2023 after overseeing PostModern Partners crypto fund.

Scott Melker· President

Brings over 30 years of global financial market and blockchain experience. Previously founded and served as CEO of Candy Digital, a web3 fan engagement platform, and held COO roles at Moore Capital Management and Fortress Investment Group.

Tom Rose· Senior Director of Capital Formation

Joined Pantera in 2025 to focus on business development and relationships with U.S. investors. Previously served as Strategic Advisor at Rock Lake Advisors and held capital markets roles at Vesttoo and 3iQ Digital Assets, with earlier experience at BlackRock and Neuberger Berman.

Frequently asked questions

What stage does Pantera Capital invest at?
Pantera Capital invests at the Seed, Series A stages.
What sectors does Pantera Capital focus on?
Pantera Capital focuses on Crypto & Web3.
Where is Pantera Capital located?
Pantera Capital is headquartered in San Francisco, US.
Does Pantera Capital lead rounds?
Yes, Pantera Capital leads investment rounds.

Similar investors

Featured in lists