Paradigm Targets $850M Fund Amid Crypto Bull Market

The venture capital firm aims to secure the largest fund since the 2022 crash, reflecting renewed market confidence.

Paradigm is in talks to raise up to $850 million for a new fund, aiming to capitalize on the current bull market.
If successful, this fund would be the largest since the crypto crash of 2022, signaling a significant recovery in the market.
The fund aims to support investments in the crypto space, including a recent $55 million Series A for Succinct.
Paradigm has a history of substantial investments, including a $2.5 billion fund in 2021 and $278 million in FTX.
The firm is also focusing on policy with the launch of a public policy arm to guide US policymaking.