Pantera Eyes Mid-Stage Crypto Firms After Valuations Sink (1)

Pantera Capital is more open to venture capital opportunities at mid-stage companies in the crypto sector, which is suffering from a slump in global funding levels as artificial intelligence startups take the spotlight.

The greater willingness to evaluate mid-stage crypto businesses is “probably the bigger change in our strategy,” San Francisco-based Pantera’s Managing Partner Paul Veradittakit said in an interview in Singapore. The digital-asset industry is gathering in the city-state for a conference.

The valuation drop for series B and C funding rounds is larger than for early-stage investments, Veradittakit added. He also said that “a large part of our ...