According to a press release from the renowned cryptocurrency VC Paradigm, the organization has successfully raised $850 million for its third fund, which will focus on investing in early-stage cryptocurrency projects.
The company stated in the announcement that Paradigm has been a highly reputable venture capitalist in the cryptocurrency field for the past few years. In 2021, Paradigm also established a $2.5 billion venture fund to support cryptocurrency companies and protocols.
Paradigm recently led several rounds of funding for various cryptocurrency startups, such as raising $55 million for zero-knowledge proof startup Succinct Labs in March. It also participated in a $18 million Series A funding round for Web3 infrastructure startup Privy in November 2023.
