Paradigm Plans to Raise a $ 750 Million for its Cryptocurrency Fund – The Biggest Since the Crash of 2022

According to anonymous sources, Paradigm, one of the leading companies in the cryptocurrency industry, is reportedly in talks to raise a new fund worth $750 million to $850 million. Founded by Coinbase's Fred Ehrsam and former Sequoia Capital partner Matt Huang, the firm is in a prominent position in the crypto venture capital space.

If successful, this fund would be the largest in the industry since the crypto market crash. The peak of crypto venture capital funding was in May 2022, when Andreessen Horowitz raised a staggering $4.5 billion. This was followed by a sharp decline in digital asset prices, from which the sector is still recovering.

The company in question also has significant fundraising efforts in its history. In 2021, it raised a $2.5 billion fund, the largest crypto investment vehicle at the time. More recently, in September, it was claimed that Paradigm was aiming to raise $1 billion in funding. However, the firm refused to comment on current funding talk.