Paradigm Raises $1.2 Billion Fund for Crypto and AI

Paradigm closed a $1.2 billion fund, its largest to date. The venture capital firm will use the capital to back startups in crypto and artificial intelligence. It also plans to invest in robotics.

Paradigm built its reputation on early bets in crypto companies such as Coinbase and Uniswap. The new fund marks a shift beyond pure blockchain. The firm said it sees opportunities at the intersection of crypto, AI, and robotics, though it did not disclose specific allocation targets.

The $1.2 billion raise gives Paradigm firepower to write larger checks. The fund is one of the bigger venture vehicles closed this year, according to data from PitchBook. For crypto markets, the expansion suggests top crypto VCs are looking beyond tokens and protocols for growth. Some capital that once flowed exclusively into crypto projects may now target AI or robotics ventures.

Paradigm did not name its limited partners or offer a timeline for deploying the fund. The firm's earlier funds were smaller and more concentrated on crypto. The new vehicle broadens its scope at a time when AI and robotics are attracting massive investment across Silicon Valley.

For investors tracking shifts in crypto venture capital, AlphaScala's crypto market analysis provides broader context on where institutional money is moving.