Key Takeaways
- • Paradigm, the crypto-focused investment firm, is launching a new $2.5 billion venture fund, announced Monday by co-founders and managing partners Matt Huang and Fred Ehrsam.
- • The new fund will operate alongside Paradigm's existing flagship fund and will be used to invest in the next generation of crypto companies and protocols.
- • Paradigm's portfolio includes 40 investments to date, including Uniswap, FTX, Fireblocks, BlockFi and Matrixport, according to the firm's website.
- • Paradigm recently led token sales and investment rounds for automated market maker Osmosis and decentralized derivatives exchange dYdX, per prior Blockworks reporting.
Summary
Crypto-focused investment firm Paradigm is launching a new $2.5 billion venture fund, according to an announcement made Monday by co-founders and managing partners Matt Huang and Fred Ehrsam, as reported by Blockworks. The capital will be used to "continue investing in the next generation of crypto companies and protocols." The new vehicle will operate alongside Paradigm's existing flagship fund.
In a blog post, Huang and Ehrsam framed the fund's size as a reflection of crypto's standing as "the most exciting frontier in technology." They noted that cryptocurrencies are still owned by less than ten percent of the global population, adding that "the journey is just beginning, and the potential of crypto has never been more clear." The company declined to provide further comment beyond the blog post when contacted by Blockworks.
Paradigm invests in crypto companies, protocols and currencies across stages, from early-stage to late-stage. According to the firm's website, its portfolio includes 40 investments to date, including Uniswap, FTX, Fireblocks, BlockFi and Matrixport. In recent months, the firm has led token sales and investment rounds for automated market maker Osmosis and decentralized derivatives exchange dYdX, Blockworks previously reported.
In a blog post, Huang and Ehrsam framed the fund's size as a reflection of crypto's standing as "the most exciting frontier in technology." They noted that cryptocurrencies are still owned by less than ten percent of the global population, adding that "the journey is just beginning, and the potential of crypto has never been more clear." The company declined to provide further comment beyond the blog post when contacted by Blockworks.
Paradigm invests in crypto companies, protocols and currencies across stages, from early-stage to late-stage. According to the firm's website, its portfolio includes 40 investments to date, including Uniswap, FTX, Fireblocks, BlockFi and Matrixport. In recent months, the firm has led token sales and investment rounds for automated market maker Osmosis and decentralized derivatives exchange dYdX, Blockworks previously reported.
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