Paradigm, a crypto venture capital firm based in San Francisco, has successfully raised $850 million for a new fund that will focus on supporting early-stage crypto projects. The firm has a history of backing innovative initiatives such as Uniswap, Optimism, and Flashbots, all of which are at the forefront of the crypto space.

In a recent statement, Paradigm expressed its commitment to nurturing and advancing projects in their nascent stages. The firm emphasized the importance of not only investing in crypto but also actively contributing to its development. With the launch of projects like Foundry and Reth, Paradigm aims to drive progress in the crypto industry and is dedicated to furthering these efforts in the years to come.

This $850 million fund marks Paradigm’s third fund since its inception in 2018 by Fred Ehrsam, co-founder of Coinbase Global, and Matt Huang, former partner at Sequoia Capital. In 2021, Paradigm made headlines with a $2.5 billion crypto fund, surpassing other major players in the field. Despite the recent downturn in the crypto market in 2022, Paradigm’s new fund remains the largest in the industry.

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