Pantera Early-Stage Token Fund II LP is a hedge fund based in San Francisco, California. According to its most recent Form D, filed Apr 17, 2026, the fund has sold $52,370,969 of interests to 119 investors since its first sale in Apr 2018. The filing does not set a minimum investment. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Katrina Paglia; Matthew Gorham; Pantera Liquid and Early-Stage Token GP LLC.
- Total raised
- $52,370,969Cumulative sales reported on Form D
- Investors
- 119
- First sale
- Apr 1, 2018
- Minimum investment
- None set
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Katrina Paglia; Matthew Gorham; Pantera Liquid and Early-Stage Token GP LLC
- Latest Form D
- Apr 17, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and HedgeMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures
Size compared with every hedge fund
Raised more than 57% of the 1,051 hedge funds based in California, and more than 46% of all 10,157 that report sales.