Pantera Capital was founded in 2003 by CEO Dan Morehead, a former chief financial officer and head of macro trading at hedge fund Tiger Management. Pantera announced in March 2013 that it had shifted its focus to bitcoin and other digital currencies, having previously been primarily working with global macro hedge-fund investments, the company launched Pantera Bitcoin Fund as first cryptocurrency fund in U.S. Pantera’s portfolio investments include bitcoin services provider BitPesa, exchange platform Bitstamp, BitPagos Inc., 21 Inc., Ripio Credit Network, ChangeTip, Circle and Xapo. In 2014, Pantera announced a partnership with Fortress Investment Group, Benchmark and Ribbit Capital to create a shared bitcoin investment fund led by Pantera, Pantera Bitcoin Partners. In October 2017, Pantera Capital along with Blockchain Capita and Polychain Capital contributed $50 million to Kik Interactive Inc's presale. In the same month Pantera raised $5 million in video streaming token pre-sale.