Paradigm Sets Sights on $750 Million Fundraising Goal in Crypto Venture Capital Paradigm, the influential player in the world of crypto venture capital, is gearing
up for a major fundraising push with its latest investment fund. According to insiders cited by Bloomberg, Paradigm has its sights set on a substantial
$750 million to $850 million target. If it hits the lower end of that range, this fund will be the talk of the town, marking the largest industry investment since Andreessen Horowitz's colossal $4.5 billion crypto fund
earlier this year. Co-founded by Fred Ehrsam of Coinbase fame and former Sequoia Capital partner Matt Huang, Paradigm is known as a "research-driven technology investment firm" with a portfolio that includes big names like Uniswap, FTX, Cosmos, and Axie Infinity.
In 2021, Paradigm made waves with a record-breaking
$2.5 billion fund. Just last month, reports suggested they were aiming even higher with a potential
$1 billion raise.
Paradigm's Turbulent Ride: From FTX to SEC Battles However, it hasn't been all smooth sailing for Paradigm.
In October 2023, Matt Huang found himself testifying in the trial of FTX's Sam Bankman-Fried, who received a hefty prison sentence. Paradigm had invested heavily in FTX but was blindsided by the exchange's fraudulent activities and ultimately
had to write off its entire investment. On another legal front, Paradigm has thrown its weight behind Coinbase's
ongoing battle against the SEC. In a filed brief, they criticized the regulator's punitive approach and called for clearer rules
that don't stifle innovation. The clash between Coinbase and the SEC began when the exchange sought regulatory guidance, only to be met with resistance.
Now, Paradigm is standing in solidarity with Coinbase, highlighting the challenges faced by the industry under the current enforcement-heavy regulatory landscape.
