Paradigm has raised a $1.2 billion fund that will invest across crypto, artificial intelligence, robotics, and other frontier technology startups, marking a broader shift in how major crypto venture firms are deploying capital. The new vehicle is Paradigm’s fourth overall fund and its third venture-focused fund. The firm’s original 2018 fund remains an open-ended vehicle investing in both public and private crypto companies, while its later funds have focused on venture investments. Paradigm previously raised a $2.5 billion venture fund in 2021 and an $850 million venture fund in 2024. The latest fund shows that ... (full story)