Crypto VC Paradigm Looks To Raise $750M For Investments
Portfolio Pulse from Murtuza Merchant
Crypto VC firm Paradigm, co-founded by Coinbase Global Inc. (NASDAQ:COIN) co-founder Fred Ehrsam, is reportedly raising a new fund between $750 million and $850 million. This follows a period of increased fundraising activity in the crypto sector, despite Paradigm's recent challenges, including a leadership shift and involvement in a class-action lawsuit related to its investment in FTX. The firm continues to invest in the crypto industry, with significant investments like in Merkle Manufactory.
April 03, 2024 | 7:33 pm
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Coinbase Global Inc. (NASDAQ:COIN) co-founder Fred Ehrsam's involvement in Paradigm's new fundraising effort highlights the company's continued influence in the crypto venture capital space.
The news of Paradigm, co-founded by a key figure from Coinbase, raising a significant new fund could be seen positively by investors, reflecting confidence in the crypto sector's growth potential. This association might bolster investor sentiment towards Coinbase, given its indirect involvement through its co-founder.
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