Paradigm Launches $ 2.5 Billion Crypto Fund

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“This new fund and its size reflect the fact that crypto is the most exciting frontier in technology,” the co-founders said. The company’s portfolio so far includes 40 different investments, such as companies like Uniswap, FTX, Fireblocks, BlockFi and Matrixport, according to its website.

Crypto-focused investment firm Paradigm is launching a new $ 2.5 billion venture capital fund, the firm’s co-founders and managing partners Matt Huang and Fred Ehrsam announced on Monday.

The investment will be used to “continue to invest in the next generation of crypto companies and protocols.” The fund will also operate alongside Paradigm’s existing flagship fund, the co-founders said.

“This new fund and its size reflect the fact that crypto is the most exciting frontier in technology. Over the past decade, crypto has come a long way. But cryptocurrencies are still owned by less than ten percent of the world’s population, ”Huang and Ehrsam wrote in a blog post.

“The journey has only just begun and the potential of crypto has never been clearer,” they added.

Fred Ehrsam and Matt Huang; Source: Paradigm

The company declined to provide additional comment beyond the blog post at the request of Blockworks on Monday.

Over the past several months, the company has led token sales and investment tours for automated market maker Osmosis and decentralized derivatives trading firm, dYdX, Blockworks previously reported.

Paradigm invests in crypto companies, protocols and currencies from the early stage to the late stage and in the middle stages.

The company’s portfolio also includes 40 different investments to date, such as companies like Uniswap, FTX, Fireblocks, BlockFi and Matrixport, according to its website.

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Jacquelyn Melinek

Jacquelyn Melinek is a Houston-based journalist who covers funds and digital asset markets. She previously reported on energy markets for S&P Global Platts and Bloomberg News and is published in more than 65 news organizations. She graduated from the University of North Carolina at Chapel Hill with a degree in Media and Journalism.

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