Paradigm, a top tier crypto-focused investment firm based in San Francisco, has closed its third fund, raising $850 million to invest in early-stage, crypto related projects. The fund’s close, in terms of its size and being the third of its kind, makes it one of the largest in the sector’s history. Co-founded in 2018 by Matt Huang and Fred Ehrsam, Paradigm aims to capitalize on the ongoing growth in crypto, while reaffirming its commitment to technological and economic advancements in the sector. The fundraising comes amidst a broader surge in venture capital investments in crypto and blockchain technologies, reflecting increasing investor confidence and sentiment in the space.
Paradigm Closes $850M for Third Crypto Fund
