Source: Coindesk
Summary
Paradigm, a venture capital firm focused on crypto startups, has raised $1.2 billion for its third fund, Fund III, reported Coindesk. The firm was founded in 2018 and has invested in various crypto companies. This new fund brings Paradigm’s total assets under management to $5.5 billion, according to the firm’s co-founder, Matt Huang.
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The announcement sounds ambitious.
Paradigm’s Fund III is its largest to date, with $1.2 billion raised. The firm’s co-founder, Matt Huang, said the fund will focus on early-stage investments in crypto startups. This is Paradigm’s third fund since its founding in 2018. The firm has invested in notable crypto companies. Paradigm’s total assets under management now stand at $5.5 billion.
Because what the world really needed was another billion dollars to chase the same old crypto dreams.
Author: Evan Null
