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Investor profile

Pantera Capital

Venture capital firm · Founded 2003 · Active in 2026

Pantera Capital is a venture capital firm based in USA, founded in 2003. The page below shows 26 Power Law outcomes from Pantera Capital's portfolio — 23 unicorns ($1B+ valuation) and 0 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Fintech · Other · Cybersecurity; top portfolio geographies are USA · France · Hong Kong. Pantera ranks #185 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

26 Power Law outcomes Power Law Ranking #185 · Global · 26 Power Law outcomes · Active 2026
Unicorns ↑ 77% 5y
23
Decacorns ↑ 100% 5y
4
Thoroughbreds ↑ 700% 5y
9
01 · Exits

Pantera’s biggest exits.

Pantera portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$73.6B IPO · 2021
Entered Series B+Now $46.0B
$3.0B IPO · 2022
Entered Series B+Now $26.6B
$2.1B IPO · 2021
Entered Series ANow $450M
$1.6B IPO · 2025
Now $239M
$1.1B IPO · 2025
Entered Series B+Now $642M
$1.1B IPO · 2026
Entered Series ANow $1.1B
03 · Portfolio analysis

The 26 Pantera Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA15
  2. France2
  3. Hong Kong2
  4. British Virgin Islands1
  5. Canada1
  6. Mexico1
  7. Singapore1
  8. UAE1
  9. India1
  10. Israel1
By sectorCount
  1. Fintech22
  2. Other2
  3. Cybersecurity2
By stage enteredCount
  1. Series B+9
  2. Series A9
  3. Seed5
Estimated holdings

Pantera’s biggest current holdings.

An estimate of Pantera’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 9 companies where Pantera is a named shareholder, worth about $1.5B in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 AlchemyEnterprise Software · Decacorn 6% $10.2B $612M
  2. 2 StarkWare IndustriesFintech · Unicorn 3% $8.0B $240M
  3. 3 Amber GroupFintech · Unicorn 8% $2.9B $232M
  4. 4 RippleFintech · Decacorn 0.4% $40.0B $160M
  5. 5 InjectiveFintech · Unicorn 12.5% $1.0B $125M
  6. 6 ZamaFintech · Unicorn 5.5% $1.0B $55M
  7. 7 1.5% $1.0B $15M
  8. 8 3.88% $359M $14M
  9. 9 0.9% $1.1B $10M

3 companies hidden on this public profile. Estimated value = Pantera’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →

04 · Portfolio market map

Pantera's 26 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
26 of 26 Power Law outcomes
05 · Power Law comparison

How does Pantera stack up?

Pantera in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Pantera's portfolio founders come from — and where they studied.

33 founders across the 26 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Alphabet | Google are the deepest single pipelines.

LocationCount
United States22
Russia4
Portugal3
United Kingdom1
Tunisia1
View on app →
UniversityCount
Stanford University7
University of Lisbon Higher Technical Institute - Tecnico Lisboa3
Estonian Academy of Security Sciences2
Macalester College2
University of Washington2
Yeshiva University2
Princeton University2
Lomonosov Moscow State University1
The University of Manchester1
Bowdoin College1
+2 more →
Origin companyCount
Alphabet | Google3
Brightcove3
Coinbase2
LinkedIn2
Docker2
Apple1
Nutanix1
Lyft1
Coursera1
PayPal1
+17 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about Pantera Capital

An AI-synthesized read of the highest-engagement posts about Pantera on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Pantera Capital

Recent press, funding announcements, and portfolio moves mentioning Pantera — pulled live from Dealroom's news feed.

See all news

Want the full picture on Pantera Capital?

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