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22.11 - 19:43
Paradigm One Bags Record-breaking $2.5b for Largest Crypto Venture Fund
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blockchain.newsCrypto investment firm Paradigm One smashed a previous record of $2.2 billion with $2.5 billion for the largest cryptocurrency venture fund ever, aimed at the “next generation of crypto companies and protocols.”
Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang’s largest new venture-capital fund will invest alongside Paradigm’s flagship fund in big and small cryptocurrency companies, with as much as $100 million-plus as little as $1 million.
The booming digital assets’ market rise has helped crypto firms bag big sums of cash since this year’s sprint in digital-assets prices raised crypto capital-raising activity. Paradigm’s fund showcases a potential further rise in the crypto industry in terms of market value.
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