Prominent crypto venture capital firm Paradigm has announced its third fund, raising $850 million dedicated to investing in early-stage crypto projects.Founded in 2018, Paradigm was built on the belief that crypto will be one of the most important technical and economic shifts of the coming decades, and the firm has funneled investments towards a wide array of companies to help achieve that aim.In a In response to the changing landscape around crypto, Paradigm announced its intention in 2023 to engage in crypto policy, appointing Washington veteran Alex Grieve—who worked for former Speaker of the House John Boehner and later for the DTCC—as its Paradigm has raised our third fund: an $850M venture fund focused on crypto projects at the earliest stage. pic.twitter.com/IGjwzUH98s— Matt Huang (@matthuang) June 13, 2024Paradigm has a history of successful early-stage investments, including participating in the seed round for decentralized exchange However, Paradigm’s investment record hasn’t been without controversy. The firm famously Paradigm was originally founded by Huang and Fred Ehrsam, who had previously co-founded Coinbase alongside Brian Armstrong. According to Paradigm’s website, Huang did not immediately respond to Edited by Andrew Hayward
