{"id":367610,"date":"2021-11-16T06:53:59","date_gmt":"2021-11-16T03:53:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/paradigm-unveils-new-2-5b-crypto-fund\/"},"modified":"2021-11-16T06:53:59","modified_gmt":"2021-11-16T03:53:59","slug":"paradigm-unveils-new-2-5b-crypto-fund","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/paradigm-unveils-new-2-5b-crypto-fund\/","title":{"rendered":"# Paradigm unveils new $2.5B crypto fund"},"content":{"rendered":"

“# Paradigm unveils new $2.5B crypto fund <\/strong>”
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Crypto investment firm Paradigm has revealed a new\u00a0$2.5 billion\u201dNew Venture Fund\u201d to expand its investment into cryptocurrency companies and protocols.<\/p>\n

According to a Nov. 15\u00a0announcement<\/a>, Paradigm co-founders Fred Ahrsam and Matt Huang stated that \u201cthe fund and its size are reflective of crypto being the most exciting frontier in technology<\/a>.\u201d <\/p>\n

The Financial Times reported that the funding pool is now the largest among VC crypto funds, edging out Andreesen Horowitz\u2019s (a16z) $2.2 billion raise in June of this year.<\/p>\n

The announcement did not state which sectors within the cryptocurrency industry the New Venture Fund will be allocated to. <\/p>\n

Paradigm has historically invested in crypto projects that utilize Web 3.0 to deploy their app<\/a>lications, with roughly 11 of the 40 companies and projects in its portfolio comprising DeFi protocols. Paradigm has also invested in crypto-native exchanges, borrowing and lending platforms. Some of the biggest names in its portfolio<\/a> include Coinbase, FTX, Uniswap, and Sky Mavis.<\/p>\n

Despite Paradigm\u2019s new fund claiming the title of crypto\u2019s largest, Ehrsam tweeted<\/a> that he and Huang are \u201cjust getting started.\u201d<\/p>\n

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Just getting started https:\/\/t.co\/V8fXb3hCTt<\/a><\/p>\n

\u2014 Fred Ehrsam (@FEhrsam) November 15, 2021<\/a><\/p><\/blockquote>\n