🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

Paradigm Targets Up to $850 Million for New Crypto Fund

Paradigm Targets Up to $850 Million for New Crypto Fund

Key Takeaways

  • Paradigm is aiming to raise between $750 and $850 million for a new crypto investment fund;
  • The fundraising efforts are happening during a bullish phase in the crypto market, bolstered by regulatory approvals like the SEC's nod for Bitcoin ETFs;
  • There's been a significant increase in venture capital investment into crypto projects, with a reported 52.5% rise in March.

Paradigm, a crypto-focused venture capital (VC) firm founded by Coinbase co-founder Fred Ehrsam and ex-Sequoia partner Matt Huang, is reportedly in the process of gathering funds for a new investment venture.

Sources close to the matter revealed to Bloomberg that the firm seeks an investment total ranging from $750 to $850 million.

What is Polygon in Crypto? (Animated Explainer)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is Polygon in Crypto? (Animated Explainer)

What is Polygon in Crypto? (Animated Explainer) What is Polygon in Crypto? (Animated Explainer)

This funding would be the largest since Paradigm successfully amassed $2.5 billion for a fund in November 2021 during the peak of a bull market frenzy.

The timing of Paradigm's fundraising efforts coincides with a bullish phase in the crypto market, which started with the SEC's approval of spot Bitcoin exchange-traded funds (ETFs) for trading in the US. This regulatory nod has infused the market with a renewed sense of vitality and legitimacy, encouraging investors and market spectators alike.

Further amplifying this positive momentum is the recent surge in venture capital flowing into crypto projects, which reportedly increased 52.5% month over month in March.

This aim is not just a reflection of the firm's growth ambitions but also acts as an indicator of the overall health and future possibilities of the crypto investment market.

In other news, 0G Labs has recently garnered $35 million in funding from over 40 crypto-centric companies for its innovative blockchain AI project.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating