Pantera Capital, one of the Terra supporters, announced that it did not suffer any significant losses due to the collapse of the UST, and it liquidated 80% of its investment long before the collapse.
Pantera Capital, bit of a high-profile backer of Terra developer Terraform Labs, made a statement following the collapse of LUNA and UST. The company did not suffer a significant loss due to the collapse, and on the contrary, it made a large profit.
Pantera Capital made two investments in Terraform Labs last year. The company supported its $25 million round in January 2021 and a $150 million ecosystem fund in July 2021. However, the company made a significant profit as it exited these investments early. Paul Veradittakit, one of the Pantera Capital partners, noted that the company turned $1.7 million into $170 million.
Pantera also says it sold most of its remaining 20% of its LUNA investment when it noticed the UST’s stable deteriorating last week.
However, not all venture capital firms are as lucky as Pantera Capital. It is known that some leading venture capital firms that are supporters of Terra have suffered significant losses.
