{"id":51018,"date":"2021-10-11T19:26:08","date_gmt":"2021-10-11T16:26:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51018"},"modified":"2025-09-02T21:26:23","modified_gmt":"2025-09-02T18:26:23","slug":"media-paradigm-to-launch-venture-fund-for-crypto-startups","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/media-paradigm-to-launch-venture-fund-for-crypto-startups\/","title":{"rendered":"Media: Paradigm to launch venture fund for crypto startups"},"content":{"rendered":"<p>The investment firm Paradigm plans to establish a venture fund worth between $1.25 billion and $1.5 billion to finance cryptocurrency startups. As reported by <a href=\\\"https:\/\/www.coindesk.com\/business\/2021\/10\/11\/coinbase-co-founders-venture-firm-raising-15b-fund-document-shows\/\\\">CoinDesk<\/a>.<\/p>\n<p>According to the publication, the fundraising will close on November 12. According to a person familiar with Paradigm&#8217;s operations, the company recently held rounds among family offices in Silicon Valley.<\/p>\n<p>Earlier this year, Ribbit Capital and Paradigm led the Series A round for Indian cryptocurrency exchange CoinSwitch Kuber <a href=\"https:\/\/forklog.com\/en\/news\/coinswitch-kuber-raises-15-million-in-series-a-led-by-ribbit-capital-and-paradigm\">for $15 million<\/a>.<\/p>\n<p>In February, the investment firm invested in the blockchain startup Fireblocks \u2014 in the round it <a href=\"https:\/\/forklog.com\/en\/news\/paradigm-and-galaxy-digital-backed-custodian-fireblocks-raises-133-million\">raised $133 million<\/a>.<\/p>\n<p>In the spring, <a href=\"https:\/\/forklog.com\/en\/news\/paradigm-leads-75-million-series-b-for-starkware\">Paradigm led<\/a> an investment round for the Ethereum scaling solution StarkWar, <a href=\"https:\/\/forklog.com\/en\/news\/paradigm-hedge-fund-and-partners-to-buy-10-of-lido-tokens\">agreed to acquire 10% of the tokens<\/a> <span data-descr=\\\"decentralized finance\\\" class=\\\"old_tooltip\\\">DeFi<\/span>-project Lido and <a href=\"https:\/\/forklog.com\/en\/news\/paradigm-fidelity-coinbase-and-square-join-new-crypto-alliance\">joined a new cryptocurrency alliance<\/a> Crypto Council for Innovation.<\/p>\n<p>In June, the decentralized cryptocurrency derivatives exchange dYdX closed a Series C round <a href=\"https:\/\/forklog.com\/en\/news\/defi-platform-dydx-closes-65-million-series-c-led-by-paradigm-and-other-investors\">worth $65 million<\/a>, which was led by Paradigm.<\/p>\n<p>The firm also invested in <a href=\"https:\/\/forklog.com\/en\/news\/paradigm-and-founders-fund-invest-in-dj-3laus-nft-platform\">NFT platform by DJ 3LAU<\/a> and the project <a href=\"https:\/\/forklog.com\/en\/news\/axie-infinity-nft-game-developers-raise-152-million-from-a16z-and-paradigm\">Sky Mavis, which created the NFT game<\/a> <a href=\"https:\/\/forklog.com\/en\/news\/axie-infinity-nft-game-developers-raise-152-million-from-a16z-and-paradigm\">Axie Infinity<\/a>.<\/p>\n<p>As reported in June, the leading Silicon Valley venture firm Andreessen Horowitz <a href=\"https:\/\/forklog.com\/en\/news\/andreessen-horowitz-launches-third-crypto-fund-worth-2-2-billion\">launched its third crypto fund<\/a> with $2.2 billion in assets for investments in startups across all stages\u2014from seed to late-stage.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investment firm Paradigm plans to establish a venture fund worth between $1.25 billion and $1.5 billion to finance cryptocurrency startups. CoinDesk reports.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,1608],"class_list":["post-51018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-paradigm"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=51018"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51018\/revisions"}],"predecessor-version":[{"id":51019,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51018\/revisions\/51019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=51018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=51018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=51018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}