Pantera Capital Raises $115 Million Worth In Its Target Goal Of $175 Million USD In Funding
Pantera Capital Has Already Secured Two-Thirds Of $175 Million USD Funding Goal
A blockchain investment fund from New York called Pantera Capital has recently announced that it has already been able to raise two-thirds of its funding goal from venture capital investment: $175 million USD.
The company has announced to the media that they already plan to get the rest of the money during the first quarter of 2019 and that the investments are coming as expected until now. According to Pantera Capital, the company will use the money to invest in companies like Synthetic Mind, Bakkt and Blockfolio, among other three undisclosed crypto companies.
Problems With SEC
One of the main issues that Pantera Capital is currently facing is unfortunately, that 25% of the capital held by the company could be considered non-compliant by the United States Securities and Exchange Commision (U. S. SEC).
The trouble started after the SEC charged filed against Paragon Coin Inc. and CarrierEQ Inc., which issues tokens last year. This means that the companies issued Initial Coin Offerings (ICOs) after the SEC warned they that they should not do it.
Now, the main issue is that Pantera Capital is invested in some of the companies that did something similar last year. Because of this, there is a great chance that the company might not be as compliant as it wants to be right now.
At the moment, the two companies have registered their funds as securities now and will refund customers that lost money by investing in them. Problems of this sort could harm Pantera Capital directly because of the investments that the company has made in these and other companies.
Despite these issues, the company has affirmed that at least a third of its assets are completely functional and have no danger related to them. The firm is very optimistic about the future, though, and believes that at least 75% of its funds are compliant with the current regulation.