Paradigm, a venture capital firm founded to invest in cryptocurrency companies, raises a new $1.2 billion fund to expand beyond digital assets. Multiple outlets report the fund is Paradigm’s fourth, and it is designed to support “technical frontier” startups, including artificial intelligence and robotics, while maintaining a continued commitment to crypto investments. Bloomberg reports the firm will make more bets outside the sector with the new vehicle, broadening its investment scope. CoinDesk similarly states that leadership backs AI and robotics startups but says the firm remains committed to crypto. TechCrunch describes the focus as extending beyond Paradigm’s cryptocurrency roots into robotics and AI. The Block also reports the fund invests across crypto, AI, robotics, and other startups. PYMNTS cites remarks from managing partner Alana Palmedo indicating that crypto remains an important area, even as the firm pursues additional frontiers. The reporting is consistent that the new fund totals $1.2 billion and targets a wider set of frontier technologies.
Paradigm raises $1.2 billion fund to back AI and robotics alongside crypto
Paradigm, a venture capital firm founded to invest in cryptocurrency companies, raises a new $1.2 billion fund to expand beyond digital assets. Multiple outlets report the fund is Paradigm’s fourth, a...
- Paradigm raises a new $1.2 billion venture fund.
- The fund expands Paradigm’s investment focus beyond cryptocurrency.
- Reported target areas include artificial intelligence and robotics.
- Sources describe the move as broader “technical frontier” investing while maintaining crypto involvement.
- The $1.2 billion fund is described as Paradigm’s fourth fund.
Crypto venture firm Paradigm has raised its fourth fund, a $1.2 billion vehicle that will invest in crypto, AI, robotics, and other startups.
1 hour agoCryptocurrency-focused venture capital firm Paradigm raised $1.2 billion in a new fund to invest in spaces like artificial intelligence and robotics, Bloomberg News reported Wednesday (July 8). “Crypto was the first frontier for us, and it continues to be a really exciting one,” managing partner Alana Palmedo said, per the report. “But there’s so much […] The post Paradigm Raises $1.2 Billion in Shift From Crypto to AI appeared first on PYMNTS.com.
1 hour agoFor Paradigm, the technical frontier will stretch beyond its cryptocurrency investment roots. This fund is expected to expand its investment focus to include robotics and AI.
1 hour agoThe firm's latest fund backs AI and robotics startups but leadership says it remains committed to crypto investing.
3 hours agoParadigm, the venture firm founded to invest in cryptocurrency companies, has raised a new $1.2 billion fund to make more bets outside of the sector, including artificial intelligence and robotics.
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