What to know:
- Paradigm raises a $1.2B fourth fund to back crypto, AI, robotics startups.
- New fund is Paradigm’s fourth vehicle and third venture-focused investment fund.
- Paradigm says crypto remains core as it expands into frontier technology areas.
Paradigm has raised $1.2 billion for its fourth fund, widening its investment reach beyond crypto. The new vehicle will back startups and companies in crypto, AI, robotics, and other frontier technology areas, according to details shared by the firm.
A spokesperson said the fund is the firm’s fourth vehicle and its third venture-focused fund. The update follows a February report that said the company was seeking up to $1.5 billion.
Paradigm introduced its first fund in 2018 as an open-ended investment vehicle. It invests in both public and private crypto companies. Later funds are venture-oriented, including the new vehicle announced under its mandate.
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How Paradigm Is Widening Its Strategy
In 2021 the firm raised a $2.5 billion venture fund. It also raised a venture fund of $850 million in 2024. The raise keeps the company active across crypto and newer tech markets.
Paradigm announced it will continue to invest in crypto while exploring other frontier technologies such as AI and robotics. The firm stated that it supports startups at various stages of development, including early-stage startups and more established businesses.
With the move, the company joins other crypto investors who are diversifying beyond crypto. Framework Ventures and Haun Ventures have expanded mandates. Investors attributed this to the maturing crypto market and the rapid expansion of AI.
They pointed to larger funds seeking opportunities. One of them is the synergy between blockchain and adjacent industries. These are software, automation, and advanced computer and infrastructure markets related to frontier technology.
Why Paradigm Goes Beyond Crypto
Paradigm has cited some non-crypto investments as illustrations of its broader portfolio. They include drone delivery company Zipline, manufacturing platform SendCutSend, space defense startup True Anomaly, and AI research company Nous Research.
The firm also pointed to crypto investments. These are Hyperliquid, prediction markets platform Kalshi, and stablecoin blockchain project Tempo, which was co-founded with Stripe. The examples show crypto remains part of the strategy.
The company plans to keep funding open-source research and software. It named blockchain projects Foundry and Reth. It referred to AI tools Centaur and EVMbench, a security research project in partnership with OpenAI.
Paradigm is a startup co-founded by Matt Huang and Fred Ehrsam that was established in 2018. Huang is a former partner at Sequoia Capital. Ehrsam co-founded Coinbase. As of the end of 2025, the firm managed nearly $12 billion in total assets.
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