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Paradigm Raises $850 Million for Early-Stage Crypto Venture Fund
Venture capital firm Paradigm said it has raised $850 million for its third fund, which will focus on early-stage crypto projects.
Paradigm was previously an early investor and contributor to projects such as cryptocurrency exchange Uniswap and Optimism, a way to scale the Ethereum blockchain. Paradigm, founded in 2018 by Coinbase Global Inc. co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang, is one of the industry’s largest venture capital investors. This is Paradigm’s first fund after Ehrsam released of a leadership role at the San Francisco-based company in October.