Pantera Capital

Pantera Capital is an investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency, and crypto assets.

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Dan Morehead


Dan founded Pantera Capital Management LP in 2003. He also co-founded and was CEO of Atriax, an electronic foreign exchange platform. Prior to that, he was head of macro trading and CFO at Tiger Management, global head of FX options at Deutsche Bank in London, and managed derivatives trading units and a global macro fund in North America and Japan at Bankers Trust. Dan began his career at Goldman Sachs as a mortgage-backed securities trader. He graduated magna cum laude from Princeton University with a B.S. in Civil Engineering and received the Carmichael Prize.

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joey krug


Joey joined Pantera to help manage the digital asset funds in 2017. He is also the co-founder of Augur, a decentralized prediction market platform and solution to the oracle problem designed to allow people to speculate on anything. It was the first ICO on Ethereum. Prior to joining Pantera, Joey built a point of sale system enabling Bitcoin payments with sound and Bluetooth. He also started an AngelList syndicate which is now one of the top fifteen by backing.

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Paul Veradittakit


As a partner at Pantera, Paul focuses on the firm’s venture capital and hedge fund investments. Since joining in 2014, he has helped launch Pantera Venture Fund II and the firm’s currency funds, executing over sixty investments. Paul also sits on the board of OpenToken and BitOasis, is a mentor at The House Fund, Boost VC, and Alchemist, and is an advisor to Orchid, Origin, and Icon. Paul’s prior experience includes working as an associate at Strive Capital, where he focused on investments in the mobile space, including an early stage investment in App Annie. He also performed partnerships and growth for Urban Spoils, a daily-deal aggregation startup, and worked with LECG and Hatch Consulting. Paul graduated from the University of California, Berkeley.


Lauren Stephanian


Lauren joined Pantera in 2018 to focus on the firm's Venture and ICO funds. Lauren has an extensive technical background, having received a degree in Computer Science from Columbia University and starting off her career as a software developer. Her previous experience includes working on a trading platform, trading at a top-tier bank, and venture capital. 

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William joined Pantera to focus on quantitative trading strategies utilized by the Digital Asset Fund.  He previously worked at Zero-One Capital where he established himself as a proven investor in digital assets and a distinguished technologist in the fields of algorithms and machine learning. William holds active US patents and an outsized track record of innovation and leadership through prior experience at NASA JPL, Korenvaes Capital, Broadcom, and Project Orca (Broadcom-Google).  William graduated double B.S./M.S. in Electrical Engineering from the California Institute of Technology in addition to a B.S. in Business, Economics, and Management from the Linde Institute of Caltech.

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Bill Healy


Bill joined Pantera in early 2018 to manage the Capital Formation and Investor Relations functions of the firm.  Prior to joining Pantera, he co-founded Deutsche Bank’s Hedge Fund Priority Client group and managed ING Barings’ emerging markets institutional debt sales team.  Bill began his career at Chase Manhattan Bank in their Sao Paulo and London offices, where he advised multinational corporations on cross-border funding activities of their Latin America-domiciled operations.  Bill graduated from George Washington University with a B.A. in International Business.  He is a Chartered Alternative Investment Analyst Association (CAIA) member.

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Matt Gorham, CFA


Matt originally joined Pantera in 2005 as a global macro trader and risk analyst. Prior to rejoining Pantera he was a portfolio analyst at Aperio Group, a quantitatively-oriented investment firm. He was also an equity trader at LPL Financial Services. Matt earned his B.A. in Economics from the University of California, Berkeley. He holds the Chartered Financial Analyst designation and is a member of the CFA Society of San Francisco.

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Ryan Davis


Ryan joined Pantera in 2018 as Chief Financial Officer, where he oversees all finance and accounting across the firm’s various fund strategies.  He previously served as the CFO of Echelon Asset Management, an online marketplace lending platform that manages a half-billion dollars, and as Vice President of Finance at Lightspeed Venture Partners. Ryan began his career in Fund Management and Investor Relations at Bridgewater Associates.  Ryan graduated from Cal Poly, San Luis Obispo with a B.A. in Economics.

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paul brodsky


Before working with Pantera, Paul had a fourteen year career on Wall Street as an option and CMO trader at Kidder Peabody and Drexel Lambert. He subsequently spent seventeen years as a founder and portfolio manager for Spyglass Capital and QB Asset Management, and then consulted investors on their macro asset allocation process, producing the widely read MAI letter. Paul joined Pantera in October 2017.

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Heidi currently focuses on strategic initiatives of the firm. She originally joined Pantera in 2004, serving as CIO of Pantera Bitcoin Fund, co-CIO of Pantera Über Consumer Fund, and senior macro analyst of Pantera Global Macro Fund. She developed many of the quantitative models for the Pantera Fundamental FX Systems Fund and discretionary investment themes for Pantera Global Macro Fund. Heidi was a research analyst with Belgravia Capital and worked at, an internet incubator. She began her career as a financial analyst at Morgan Stanley. Heidi graduated Phi Beta Kappa with a B.A. in Economics, magna cum laude, from Colgate University, and received an M.B.A. from Harvard Business School.

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Dennis joined Pantera in 2018 as the Director of Trading.  He previously was a Partner at Cambrian Capital, an investment firm focused on global energy and natural resources sectors, where he led the firm’s trading and operations.  Prior to that, Dennis was the Controller at Menta Capital, a quantitatively-oriented investment firm.  He also served as a unit manager at State Street, one of the world’s largest asset administrators.  Dennis graduated from the University of California, Davis with a B.A. in Economics and an M.B.A. from the University of California, Berkeley.