Pantera Bitcoin Advisors LLC
Micro VC, based in San Francisco, California, reporting $85.3M of fund assets across 3 funds.
Composed from this organization's classification, location and filed figures.
21 additional co-investors and affiliates, 1 event, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 dealswith Blockchain Capital
Invests most often alongside Blockchain Capital (2 shared deals) and Collab+currency Management (2 shared deals).
pair last observed on record 29 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Member, Pantera Venture Ii Gp LlcWhy: Named with investment responsibilityNo route on file yet
- Member, Pantera Venture Ii Gp LlcWhy: Named with investment responsibilityNo route on file yet
Relationship network
7 connected entities
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Pantera Bitcoin Advisors LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Pantera Bitcoin Advisors LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
13 companies on record, 8 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.Stated thesis versus observed behaviour
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
27 current, 7 departed
Decision makers
- Daniel Wayne Morehead · Member, Pantera Venture Ii Gp LlcWhy this person: Named with investment responsibility
- Steven Richard Waterhouse · Member, Pantera Venture Ii Gp LlcWhy this person: Named with investment responsibility
Who else at this firm · 1 person, grouped by function
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Chief Operating Officer
- Member, Pantera Venture Ii Gp Llc
- Member, Pantera Venture Ii Gp Llc
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
1 vehicle, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Nazare Ventures Fund I LP | Fund | 2024 form d first sale | Early deployment | unknown | unknown | $10.1M of $10.1M | Sep 20, 2024 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
24 co-investors
Co-investors
- 2026-09-292 shared deals · recurring
- 2026-09-292 shared deals · recurring · this firm led 1
- 2026-09-161 shared deal · one time
Evidence and history
6 dated events, 19 observations from 1 source
Timeline
- seen on or beforeSep 12, 2026Pantera Bitcoin Advisors LLC: INSTITUTIONAL_VC -> MICRO_VC (venture manager, reported GAV $0.0M across 1 vehicles)Classification changedClassificationInference
- Mar 31, 2015Pantera Venture Fund LP first reported on Form ADV by Pantera Bitcoin Advisors LLC (Venture Capital Fund), GAV $18,107,035
- Mar 31, 2015Pantera Venture Fund II LP first reported on Form ADV by Pantera Bitcoin Advisors LLC (Venture Capital Fund), GAV $4,525,522
- Feb 1, 2015Steven Richard Waterhouse joined Schedule A of Pantera Bitcoin Advisors LLC as Member, Pantera Venture Ii Gp Llc
- Jun 1, 2014Lars Bjorn Ahlstrom joined Schedule A of Pantera Bitcoin Advisors LLC as Chief Operating Officer
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jun 9, 2016 · 3 private fundsShowHide
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- PANTERACAPITAL.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jun 9, 2016
- Private funds reported
- 3 (2 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $85.3Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Pantera Capital Management LP (Managing Member), owns 50% to 75%; Pantera Bitcoin Partners LLC (Managing Member, Pantera Bitcoin Advisors Llc), owns 75% or more
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 12, 2026Micro VC (probable, 80%)Venture manager, reported GAV $0.0M across 1 vehicle
- Sep 12, 2026Institutional venture firm (probable, 70%)Venture manager with no reported fund assets yet (scale unknown)
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC adviser type | Exempt reporting adviser | Jun 9, 2016 | Fact | Form ADV |
| First Form ADV filing | 2013-12-05 | Jun 9, 2016 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2016-06-09 | Jun 9, 2016 | Fact | Form ADV |
| Venture share of reported funds | 1 | Jun 9, 2016 | Fact | Form ADV |
| Business phone | Jun 9, 2016 | Fact | Form ADV | |
| Headquarters | San Francisco, CA | Jun 9, 2016 | Fact | Form ADV |
| Office address | Jun 9, 2016 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Jun 9, 2016 | Fact | Form ADV |
| Private funds reported | 3 | Jun 9, 2016 | Fact | Form ADV |
| Private fund gross assets (reported) | $85.3M | Jun 9, 2016 | Fact | Form ADV |
| Venture funds reported | 2 | Jun 9, 2016 | Fact | Form ADV |
| Website | Sep 12, 2026 | Fact | Form ADV | |
| Website | Jun 9, 2016 | Fact | Form ADV |
How this is scored
Scores, classification basis and filing advisersMicro VC, probable · 2 filing advisers share this firmShowHide
Venture manager, reported GAV $0.0M across 1 vehicle
One of 2 advisers that share panteracapital.com; the firm is Pantera. Pantera Capital. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
- importance
- gav: 0.28 · funds: 0.08 · people: 0.08 · investments: 0 · co investors: 0
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
- emerging manager
- fund count: 1 · reported gav: $85.3M · first adv filing: 2013-12-05 · years since first filing: 12.8
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Grouped with firm2026-09-12
- Organization classification changed2026-09-12
- Adviser's first ADV filing2013-12-05source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.