Paradigm, a crypto-focused investment firm based in San Francisco, announced a new US$2.5 billion venture fund to continue funding next generation crypto companies and protocols.
The firm said that the size of the fund is reflective of crypto being the most exciting frontier in technology.
Coinbase’s Co-founder Fred Ehrsam and Sequoia Capital’s former partner Matt Huang said in a joint statement that the new fund will invest alongside its existing flagship fund across all stages and geographies.
Paradigm added that it will continue supporting companies at all stages from even “when there’s just a glimmer of an idea”.
Fred Ehrsam and Matt Huang, Co-founders and Managing Partners at Paradigm said in a statement,
“Our mission at Paradigm remains unchanged: to be the earliest and most helpful partner to crypto entrepreneurs and communities. We’ll continue incubating ideas. We’ll continue investing at the earliest stages when there’s just a glimmer of an idea.
We’ll also partner with later-stage category leaders, and support companies at every stage in between. There has never been a more exciting time to work in crypto, and we are grateful to our limited partners for their ongoing support and to the entrepreneurs who’ve entrusted us as their partners.”
This article first appeared on Fintech News Switzerland.
Featured image: (From left) Matt Huang and Fred Ehrsam, Co-founders and Managing Partners at Paradigm