Crypto VC firm Paradigm raises $1.2B to invest in ‘technical frontier’ startups

Crypto venture capital firm Paradigm has raised $1.2 billion for its third fund, shifting its investment strategy to include AI and robotics alongside its traditional cryptocurrency focus. The firm aims to support the 'technical frontier' by backing startups in these emerging sectors while maintaining its commitment to blockchain and financial system innovation.
Crypto VC firm Paradigm has raised $1.2 billion — its third venture fund and fourth overall — with the aim of investing in the “technical frontier,” the firm’s founder Matt Huang announced Wednesday.
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