<p>Crypto investment company Pantera Capital has raised nearly $165 million in private funding from investors, according to a Form D filing with the U.S. Securities and Exchange Commission (SEC) on Friday. </p> <p>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 <a href="https://www.sec.gov/Archives/edgar/data/1732380/000090266418003183/xslFormDX01/primary_doc.xml">raised</a> over $71 million. In 2019, the firm <a href="https://sec.report/Document/0000902664-19-003406/primary_doc.html">raised</a> nearly $96 million. 2020 saw the firm's funding grow by over 130%. </p> <p>"We haven't raised an additional $167MM, it's just that the final legal closing of Fund III occurred in August this year so our filings were updated," Pantera co-chief investment officer Joey Krug told The Block in an email. </p> <p>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. </p> <p>The company had aimed to raise $175 million for Venture Fund III and <a href="https://medium.com/@PanteraCapital/block-reward-halving-and-venture-fund-iii-closing-pantera-blockchain-letter-march-2019-5a32df8bb9d0">announced</a> in March 2019 that they had already raised $160 million. </p> <p>Pantera Capital did not immediately respond to The Block's request for comment. </p> <p><b data-stringify-type="bold"><i data-stringify-type="italic">Disclosure:</i></b><i data-stringify-type="italic"> Pantera Capital made a small equity investment in The Block's last fundraise.</i></p> <p><em>This story has been updated.</em></p>