Paradigm Secures $850M for New Early-Stage Crypto Investments
Paradigm, a leading venture capital firm in the crypto space, has announced the close of its third venture fund, a substantial $850 million initiative to support early-stage crypto projects.
Founded in 2018, Paradigm has maintained a strong belief in the transformative potential of crypto technology. “Six years later, that belief has only gotten stronger,” the company stated , highlighting the rapid advancements and widespread adoption of cryptocurrencies.
Paradigm has been in talks about this new fund over the past few months, particularly following the resurgence in crypto markets. According to an announcement made on June 13, the company has successfully closed an $850 million investment fund, marking it as one of the largest crypto fund raises to date.
Paradigm’s notable investments include Uniswap, which revolutionized decentralized exchanges through the use of Automated Market Makers (AMMs), Optimism, which developed a leading model for blockchain scaling, and Flashbots, which redefined block building through the concept of Miner Extractable Value (MEV).
However, the firm also experienced setbacks, such as the $278 million investment in the now-defunct crypto exchange FTX, which was written down to zero in November 2022.
Despite the setbacks, the company’s focus on pioneering early-stage work continues, with Paradigm emphasizing its commitment to investing in early-stage crypto projects. In addition to its investment activities, Paradigm is dedicated to building a positive future for the crypto industry.
“It’s more important than ever to accelerate a positive future for crypto, not just as investors but as builders.”
In 2021, Paradigm secured a $2.5 billion fund, which was then the largest crypto investment
