Panthera capital is a crypto hedge fund that also acts as a venture capital backer to Bitcoin or crypto startups. It has attracted investment from institutional investors such as Fortress Investment Group and ventures capital firms Benchmark Capital and Ribbit Capital among others.

From its list of portfolio, the firm invests in a mixture of assets including cryptocurrencies such as Bitcoin, Ox, FunFair, Omise and Civic; startups such as BitPesa, BitOasis, Center.io, and BTCjam; and exchanges such as Bitstamp, Kraken and Poloniex.

The crypto hedge funds attracted much attention by returning 25,000 percent over its lifetime through the end of last year but saw a 45.7 percent reduction in its fund for the month of March alone this year.

Currently, they are managing over $700mm across two venture funds and five cryptocurrency funds (Venture Fund III, Digital Asset Fund, ICO Fund, Bitcoin Fund, and Long-Term ICO Fund). It is open to accredited investors seeking to invest $100,000 or more in digital assets or blockchain-enabled companies and hence most suitable for institutional investors.

The firm was founded in 2013 by Dan Morehead, the then chief financial officer and head of Macro Trading at Tiger Management, and focused on global macro hedge fund investments until 2014.