Paradigm has been discussing its new crypto fund for the past few months as markets rebounded.
Venture capital firm Paradigm has closed a third fund to invest in crypto and blockchain-based projects at an early stage.
According to an announcement on June 13, the VC firm has completed an $850 million investment fund, making it one of the largest crypto fund raises in history. Paradigm has been discussing the new fund for the past few months following the rebound in crypto markets.
“When we founded Paradigm in 2018, we believed that crypto would be one of the most important technical and economic shifts of the coming decades. Six years later, that belief has only gotten stronger,” said Paradigm’s co-founder and managing partner, Matt Huang.
