Today news
About the same in other media
30.11 - 03:35
Paradigm unveils new $2.5B crypto fund
Reading now: 352
Crypto investment firm Paradigm has revealed a new $2.5 billion”New Venture Fund” to expand its investment into cryptocurrency companies and protocols.
According to a Nov. 15 announcement, Paradigm co-founders Fred Ahrsam and Matt Huang stated that “the fund and its size are reflective of crypto being the most exciting frontier in technology.”
The Financial Times reported that the funding pool is now the largest among VC crypto funds, edging out Andreesen Horowitz’s (a16z) $2.2 billion raise in June of this year.
The announcement did not state which sectors within the cryptocurrency industry the New Venture Fund will be allocated to.
Paradigm has historically invested in crypto projects that utilize Web 3.0 to deploy their applications, with
Read more on cointelegraph.comAbout this in other media
Leading cryptocurrency exchange completes Series B with a $300M valuation cointelegraph.com /2 years ago
‘New Blow’ as Large Crypto Exchanges Are Told to Pay British Tech Tax cryptonews.com /2 years ago
Cryptocurrency exchange Coinstore enters India despite pending curbs on trade economictimes.indiatimes.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
