According to the Block, Crypto investment company Pantera Capital has raised $164.7 million in private funding from investors, according to a Form D filing with the U.S. Securities and Exchange Commission (SEC) recently. Pantera declined to disclose the fund's revenue.

The money was raised via Venture Fund III, Pantera's cryptocurrency hedge fund. The fund was launched in July 2018 and has raised a growing amount of capital in the last two years. In 2018, the fund raised more than $71 million. In 2019, the firm raised nearly $96 million. This year the firm's funding grow by over 130%. 

A Form D is used to file a notice of an exempt offering of securities with the SEC, allowing companies to run their businesses without going through the IPO process and publicly sell stocks. 

The company had aimed to raise $175 million for Venture Fund III and announced in March 2019 that they had already raised $160 million. 

Pantera disclosed it had primarily invested in infrastructure, finance and exchanges in the digital asset space. One of its first investments was the institutional derivatives exchange Bakkt.