First reported by en.bloomingbit.io
Paradigm Raises $1.2 Billion Fund to Expand Into AI
Crypto VC Firm Paradigm Raises $1.2B, Expands Into AI and Robotics Investments
Paradigm, a crypto-focused venture capital firm founded in 2018, has raised $1.2 billion for its fourth fund. For the first time, the firm is expanding beyond crypto into artificial intelligence, robotics, and other frontier technologies, while continuing its core crypto investments in platforms like Hyperliquid and Kalshi. The firm has raised over $4 billion total since its inception.
Key quotes
We continue investing in crypto and the reinvention of markets and the financial system
first in crypto, and now across AI, robotics and other frontiers
From the article
Paradigm, which has raised over $4 billion to invest in crypto since 2018, is moving into AI for the first time as it seeks to invest in the estimated $540 billion industry.
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