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Crypto VC Paradigm in Talks to Raise Over $750 Million for Fund
More venture capitalists are racing to raise new funds following a crypto comeback. Crypto-focused firm Paradigm is in talks with investors to raise between $750 million and $850 million for a new fund, according to people familiar with the matter who asked not to be identified discussing private information. Paradigm — founded by Coinbase Global Inc. co-founder Fred Ehrsam and ex-Sequoia Capital partner Matt Huang — is one of the largest players in the industry. If the deal is completed at $750 million, the fund will be the industry’s biggest since the crash. The high point for crypto VC fundraising came in ... (full story)