Paradigm closes fourth fund at $1.2 billion, broadens scope beyond crypto
VC & Fundraising ·
The crypto-focused venture firm will now also back startups in AI and robotics, according to The Block.
Paradigm has raised $1.2 billion for its fourth fund, a vehicle that will invest across crypto, AI, robotics, and other startup categories, per The Block. The firm, previously known for concentrating its capital on crypto-native companies, is widening its mandate to include sectors outside digital assets.
The move signals a shift in how one of crypto's venture firms is positioning its capital. Rather than restricting the new fund strictly to blockchain and token-related startups, Paradigm has structured the vehicle to allow bets on AI and robotics companies alongside its traditional crypto focus. The $1.2 billion figure represents the total size of the fourth fund raised for this expanded mandate.
The development has been corroborated across multiple accounts describing the raise, with separate summaries characterizing the capital as aimed at AI-related investments by the crypto-focused VC firm. A post on X also flagged the raise. Coverage of the story spans four distinct sources, indicating the fundraise drew attention beyond a single outlet.
What remains unclear from available reporting is how Paradigm intends to allocate the $1.2 billion across its now-broadened categories, or what proportion will go toward crypto-native startups versus AI and robotics ventures. Also unaddressed is the timeline for deploying the fund or which specific companies, if any, have already been identified as investment targets. Further disclosures from Paradigm or additional reporting may clarify how the firm balances its historical crypto focus against this new, wider mandate.