Crypto VC Paradigm in Talks to Raise Over $750 Million for Fund
- New fund would be industry’s largest since crypto downturn
- Paradigm was a major investor in bankrupt exchange FTX
This article is for subscribers only.
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.