If Paradigm completes the raise, it would be it’s largest since it raised a $2.5 billion fund at the peak of the last cycle’s bull run in November 2021.
Crypto venture capital firm Paradigm is reportedly negotiating a raise of up to $850 million for a new fund.
Paradigm is discussing with investors to raise between $750 million to $850 million as crypto markets have come back over the past months, Bloomberg reported on April 3, citing people familiar with the matter.
A $750 million raise would be the largest for crypto since May 2022, when Silicon Valley-based VC firm Andreessen Horowitz (a16z) raised a record-setting $4.5 billion.
