Crypto Hedge Fund Pangea Fund Closed $85 Million Financing with Alameda Research and Others

Pangea Fund, a crypto hedge fund, closed an $85 million round of funding with participation from Bain Capital, ParaFi, Alameda Research and others. Individual investors include USV co-founder Brad Burnham, Apollo Global Management co-founder Josh Harris, Multicoin Capital partner Kyle Samani, and others. Founded by former Messari analyst Ryan Watkins and Daniel Cheung, formerly of Jennison Associates, Pangea Fund will focus on long-only strategies.