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International Business Times

Business

Marvie Basilan

Paradigm Reportedly In Talks To Raise Up To $850M For Crypto Venture Fund

Paradigm Crypto Andreessen Horowitz Bitcoin blockchain Chainalysis Coinbase Sam Bankman-Fried

Paradigm is reportedly holding discussions for an $850 million fund that could well be the largest crypto-related funding drive since May 2022. (Credit: Marco Verch/flickr)

KEY POINTS

It would be the largest crypto-focused fund yet since Andreessen Horowitz's $4.5 billion in 2022
Paradigm's largest funding drive was in November 2021 at $2.5 billion
Paradigm has invested in Coinbase, Chainalysis, Blast and Magic Eden

Web3 venture firm Paradigm is reportedly in talks with various investors to raise up to $850 million for a new cryptocurrency venture fund that, if successful, would be the largest fundraising project since venture capital firm Andreessen Horowitz raised a record $4.5 billion in May 2022.

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