According to a press release from the renowned cryptocurrency VC Paradigm, the organization has successfully raised $850 million for its third fund, which will focus on investing in early-stage cryptocurrency projects.
The company stated that Paradigm has been a highly reputable venture capital investor in the cryptocurrency field in recent years. In 2021, Paradigm also established a $2.5 billion venture fund to support crypto companies and protocols.
Paradigm has recently led several rounds of fundraising for various cryptocurrency startups, such as raising $55 million for the zero-knowledge proof startup Succinct Labs in March. It also participated in an $18 million Series A funding round for the Web3 infrastructure startup Privy in November 2023.
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