Fundraising Fox

Paradigm

Venture capitalActively deploying

San Francisco · Pre-Seed–Late Stage · 38 people tracked

Also known as PARADIGM ADVISORS, L.L.C. · Paradigm Green Fortitudo · Paradigm One · Paradigm One (Cayman) · Paradigm One (US) · PARADIGM OPERATIONS LP · Paradigm Three · Paradigm Three (Cayman) · Paradigm Three (US) · Paradigm Two · Paradigm Two (Cayman) · Paradigm Two (US)

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Investment thesis

Paradigm positions itself as a frontier technology investment firm that both builds and invests in companies from the earliest stages. Its focus spans crypto, AI, robotics, and other new technological frontiers, reflecting an emphasis on backing foundational technology at inception.

Invests inAI & Machine LearningCrypto & Web3Deep TechRoboticsAsia-PacificDenmarkEuropeGrand CaymanIndiaMexicoSan FranciscoSingaporeSwitzerlandUnited KingdomUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Late Stage
Check
$1M – $100M
HQ
San Francisco, CA, US
Leads rounds
Follows
Instruments
Equity
Founded
2018
AUM
$11.9B
Tracked investments
130

Team · 38 people

from the firm's website & curated & public directories
Alexander Walterspiel· Partnerin
Casey Caruso· Partnerin𝕏
Charlie Noyes· General Partnerin𝕏
Dan Miller· Partnerin
Doug Feagin· Partnerin𝕏
Matt Mizbani· Partnerin𝕏
Ciamac Moallemi· Research Advisor
Loren Siebert· Angelin𝕏

What they invest in

from 98 of 130 portfolio companies

Crypto & Web3 ×65Fintech ×52Enterprise Software ×19AI & Machine Learning ×17Data & Infrastructure ×13Developer Tools ×11SaaS ×9Cloud Computing ×5

HQs:United States×31Canada×2Israel×2Brazil×1India×1Mexico×1

Investments · 130 tracked

founders shown can be your intro path
Coinbasecoinbase.comin𝕏NASDAQ: COIN

Coinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers.

Crypto & Web3FintechLos Angeles, US

Brian Armstrong(Founder/CEO)in

GTEgte.xyz𝕏✓ verified

GTE is a decentralized exchange platform that enables trading of stocks, crypto, and commodities from a single account on a blockchain-based system, offering centralized-exchange-level speed and performance with decentralized properties.

Crypto & Web3Fintech

Phantomphantom.appin𝕏✓ verified

Phantom is a multichain cryptocurrency wallet designed for consumer accessibility and ease of use.

ConsumerCrypto & Web3Fintech

Tempotempo.xyzin𝕏✓ verified

Tempo is a Layer 1 blockchain designed specifically for stablecoin payments, enabling fast cross-border transfers, global payouts, and machine-to-machine transactions for financial institutions and fintech platforms.

Cloud ComputingCrypto & Web3Fintech

3Jane3jane.xyz𝕏

3Jane provides credit infrastructure and capital solutions for fintech lenders and cryptocurrency-native businesses, offering warehouse lines, forward-flow programs, and credit facilities ranging from $5M to $200M.

Crypto & Web3Fintech

Acquirednorth.cloudin

North provides cloud cost management software that helps organizations optimize their cloud spending and licensing across public cloud providers.

AI & Machine LearningCloud ComputingEnterprise SoftwareFintechSaaS

Across DeFi Seedacross.to𝕏

Across is a blockchain bridge that enables fast token transfers between different blockchain networks.

Crypto & Web3Fintech

Agoraagora.xyz𝕏

Agora builds a governance platform for crypto protocols, enabling onchain community coordination around protocol upgrades and ecosystem funding.

Crypto & Web3GovTech

Nick van Eck(CEO)

Agora Financeagora.financein𝕏

Agora operates a stablecoin platform focused on institutional adoption of regulated stablecoin infrastructure.

Crypto & Web3Enterprise SoftwareFintech

Nick van Eck(Founder & CEO)

Aiarenaaiarena.io
Amber Groupambergroup.io

Amber Group is a digital assets investment and portfolio management firm that serves institutional and individual investors with trading, liquidity provision, and infrastructure solutions for crypto and Web3 projects.

Crypto & Web3Fintech

Andromedaandromeda.ai𝕏

Andromeda operates a marketplace connecting AI teams with GPU compute providers, enabling buyers to source distributed compute capacity at scale and sellers to monetize spare infrastructure through a standardized platform with automated benchmarking and unified contracting.

AI & Machine LearningCloud ComputingData & Infrastructure

Antaresantaresindustries.comin𝕏

Advanced ManufacturingParker, US

DONALD G MACK(Executive Officer, Director)

Antares
Antares Nuclear

EnergyRedondo Beach, US

Julia DeWahl(Executive Officer, Director, Promoter)Jordan Bramble(Executive Officer, Director, Promoter)Alexander Hartz(Director)Alana Palmedo(Director)

BoardJack Altman(Director)

Argentargent.xyz
Ashbyashbyhq.comin𝕏

Ashby is a recruiting software platform that serves as an applicant tracking system (ATS) and all-in-one hiring management tool for talent teams.

Enterprise SoftwareHR TechSaaSSan Francisco, US

Benjamin Encz(Founder)inAbhik Pramanik(Co-Founder & VP of Engineering)in

ATOMcosmos.networkin𝕏

Cosmos develops an open-source blockchain technology stack and enterprise solutions for businesses and governments to deploy and scale digital ledgers.

Crypto & Web3Enterprise SoftwareFintechNew York City, US

Axiomaxiom.xyz𝕏

Axiom develops OpenVM, a zero-knowledge virtual machine that enables cryptographic verification of software program execution.

Crypto & Web3Developer Tools

Aztecaztec.network𝕏

Aztec is a Layer 2 blockchain network on Ethereum that enables programmable privacy for decentralized applications through client-side zero-knowledge proofs and a dual state architecture.

Crypto & Web3Developer Tools

Zac

Babylonbabylonlabs.ioin𝕏

Babylon Labs develops trustless infrastructure that enables Bitcoin to be used as collateral in decentralized finance and through a Bitcoin staking protocol for blockchain validation.

Crypto & Web3

Babylon Biosciencesbabylon.bioin

Babylon is a digital health company that develops prescription medications and treatments for specific health conditions.

Digital HealthHealthtechMedical Devices

BoardMichelle Arkin(PhD)

Betdexbetdex.com
Bitsobitso.comin𝕏

Bitso is a fintech platform offering cryptocurrency trading, U.S. stock and ETF investing, yield-earning opportunities on crypto holdings, and cross-border payment services.

Crypto & Web3FintechMexico City, MX

Daniel Vogel(Founder & CEO)

Blastblast.io𝕏

Blast is a blockchain platform that offers yield on USD deposits for users and holders, with an associated mobile application.

Crypto & Web3New York, US

Thomas J. Horan(Executive Officer, Director, Promoter)Margo Walton(Director)

Blowfishblowfish.xyz𝕏

Blowfish provides fraud detection and prevention APIs for Web3 wallets, identifying and blocking malicious transactions and decentralized applications across 10+ blockchain networks.

Crypto & Web3Cybersecurity

Blur Privateblur.io𝕏

Blur is an NFT marketplace enabling faster trading with zero marketplace fees and native cryptocurrency rewards through a community-driven token system.

Crypto & Web3Marketplaces

Catenacatena.xyzin𝕏

Catena is building a financial institution purpose-built for AI agents, combining a technology platform with a national trust bank charter to enable agents to transact safely under human-defined policies.

AI & Machine LearningEnterprise SoftwareFintech

Sean Neville(CEO)Matt Venables(CTO)

Catena Labscatenalabs.comin𝕏

Catena is building a financial institution purpose-built for AI agents, combining a technology platform with a national trust bank to provide regulated banking with deterministic policy enforcement and immutable audit trails.

AI & Machine LearningEnterprise SoftwareFintech

Sean Neville(CEO)Matt Venables(CTO)

Chainalysischainalysis.comin𝕏

Chainalysis provides investigative services and training programs for cryptocurrency compliance and risk mitigation.

AI & Machine LearningCrypto & Web3CybersecurityData & InfrastructureFintechNew York City, US

Rakib Azad(Executive Officer)Jonathan Levin(Executive Officer, Director, Promoter)Michael Gronager(Executive Officer, Director, Promoter)

BoardPhilippe Botteri(Director)Sarah Tavel(Director)

Citadel Securitiescitadelsecurities.com
Code4rena Decentralized audit competitionscode4rena.com𝕏

Code4rena was a platform that organized security audits and bug bounties for decentralized finance projects, connecting security researchers with blockchain development teams.

Crypto & Web3Cybersecurity

Compoundcompound.finance
Compound Labs

San Francisco, US

Robert Leshner(Executive Officer, Director)Geoffrey Hayes(Director)

Conduithelloconduit.comin𝕏

Conduit automates freight handoff and transfers through digital tools, addressing the analog processes that occur when freight changes hands between logistics operators.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US

Conrad Lilleness(Founder)in

Conduitconduit.aiin𝕏

Conduit provides an AI agent platform for the hospitality industry that automates guest interactions across multiple channels, handles bookings and upsells, manages internal operations, and delivers leadership insights integrated with existing systems.

AI & Machine LearningEnterprise SoftwareSaaSSan Francisco, US

Cole Rubin(Founder)inPunn Kam(Founder)in

Conduitconduit.financialin𝕏

Conduit provides infrastructure for global financial transactions, serving clients who need fast and reliable payment processing across different markets and regulatory environments.

Enterprise SoftwareFintechSaaS

Matt Zisow(Founder)

Conduitconduit.xyzin𝕏

Conduit provides enterprise-grade blockchain infrastructure for production use cases, including rollups, Layer 1 chains, RPC nodes, and professional deployment services.

Crypto & Web3Enterprise SoftwareFintech

Crownbrl.xyzin

Crown is a Brazilian fintech infrastructure provider that issues BRLV, a stablecoin pegged 1:1 to the Brazilian real and fully backed by federal government securities.

Crypto & Web3Enterprise SoftwareFintechSão Paulo, BR

BoardAndré Lara Resende(Strategic Advisor)

D3d3.inc
Deworkdework.xyz𝕏

Dework provides web3-native project management and contributor coordination tools for decentralized autonomous organizations, enabling teams to create bounties, manage contributor credentials, and pay workers using DAO tokens.

Crypto & Web3Future of WorkSaaS

Divine Research Under-collateralized credit systemdivine.inc𝕏

Divine develops an unsecured lending platform using stablecoins that enables borrowers in underserved markets to access credit through progressive trust-building mechanisms.

Crypto & Web3Fintech

dYdXdydx.exchangein𝕏

dYdX is a decentralized exchange for trading perpetuals that uses zero-knowledge proofs to provide security and privacy.

Crypto & Web3Fintech

Antonio Juliano(Founder)inIvo Crnkovic-Rubsamen(CEO)

El Doradoeldorado.ioin𝕏

El Dorado provides a USD-denominated card issued in the US for use internationally, serving non-US residents.

Fintech

Ellipsis Labsellipsislabs.xyzin𝕏

Ellipsis Labs develops infrastructure and applications to improve decentralized finance systems, aiming to replace traditional financial foundations with blockchain-based alternatives that offer security, scalability, and speed.

Crypto & Web3Fintech

Etherealizeetherealize.comin𝕏

Etherealize develops financial infrastructure for trading, settlement, and privacy on the Ethereum blockchain, serving institutional clients including banks, asset managers, and hedge funds looking to move assets onchain.

Crypto & Web3Enterprise SoftwareFintechAustin, US

Vivek Raman(Executive Officer)in

Euler Labseuler.finance𝕏

Euler is a modular lending platform that enables users to create custom lending vaults and allows those vaults to serve as collateral for other vaults through its Ethereum Vault Connector.

Crypto & Web3Fintech

Exponentialexponential.fi
Fireblocksfireblocks.comin𝕏

Fireblocks provides infrastructure and platform services for managing digital assets and transactions, serving enterprises and startups that build and operate blockchain-based financial solutions.

Crypto & Web3Data & InfrastructureFintech

Michael Shaulov(Chief Executive Officer, Co-Founder)Pavel Berengoltz(Chief Technology Officer, Co-Founder)Idan Ofrat(Chief Product Officer, Co-Founder)

Flashbots MEV R&Dflashbots.net

Flashbots is a research and development organization that mitigates negative externalities from Maximal Extractable Value (MEV) on blockchains, primarily Ethereum, through infrastructure and tools for block building, transaction protection, and MEV distribution.

Crypto & Web3Data & InfrastructureDeveloper Tools

Fractalfractal.is
Friendfriend.tech
Gauntletgauntlet.xyzin𝕏

Gauntlet is a team focused on financial systems research and analysis, with expertise in quantitative analysis, smart contracts, and blockchain infrastructure.

Crypto & Web3Data & InfrastructureFintech

Rei Chiang(Executive Officer)Tarun Chitra(Executive Officer, Director)

Genesis Digital Assetsgenesisdigitalassets.comin

Genesis Digital Assets builds and operates data center infrastructure for high-performance computing workloads.

Cloud ComputingData & InfrastructureDeep TechEnergy

Gitcoingitcoin.co𝕏

Gitcoin operates a directory and knowledge base for funding mechanisms, platforms, and research in decentralized networks, Ethereum, and public goods.

Crypto & Web3Data & InfrastructureGovTechLafayette, US

Kevin OwockiKyle Weiss(Executive Officer, Director)Michael Kriak(Director)Matt Huang(Director)

Hanghang.com

An AI-powered marketing platform that enables marketers to create personalized customer messaging and loyalty experiences through smart audience segmentation, self-cleaning data, and automated offer generation.

AI & Machine LearningMarketing Tech

Harmonicharmonic.funin𝕏

Harmonic builds an advanced reasoning engine, a mathematical and computational tool for solving complex problems across scientific and technical domains.

AI & Machine LearningDeep Tech

Tudor Achim(Co-Founder and CEO)Vlad Tenev(Co-Founder and Executive Chairman)

Harmonicharmonic.gg𝕏

Harmonic provides configurable block building infrastructure for Solana validators, allowing them to customize transaction ordering and builder selection while maintaining network decentralization and fair transaction inclusion.

Crypto & Web3

Hype
Hyperliquidhyperfoundation.org

Frequently asked questions

What stage does Paradigm invest at?
Paradigm invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Paradigm's typical check size?
Paradigm typically writes checks of $1M – $100M.
What sectors does Paradigm focus on?
Paradigm focuses on AI & Machine Learning, Crypto & Web3, Deep Tech, Robotics.
Where is Paradigm located?
Paradigm is headquartered in San Francisco, US.
Does Paradigm lead rounds?
Paradigm typically participates in rounds rather than leading them.

From the blog

visit blog ↗

Media · Podcasts & interviews

featuring the team

Matt Huang on X: "Paradigm’s 4th fund $1.2B to invest and build in crypto, AI, robotics, and other areas of the technical frontier https://t.co/Svy5ncVTbm" / X

Matt Huang · x.com

Paradigm Dan Robinson & Justin Slaughter on why DeFi is more than just a tokenization machine

Bankless · Dan Robinson

08 BASS Dan Robinson - Paradigm

Stanford Blockchain Club · Dan Robinson

DeFi 2.0: How This Changes Everything with Paradigm’s Head of Research, Dan Robinson

Bankless · Dan Robinson

Paradigm co-founder Matt Huang regrets investing in SBF and FTX

CryptoKrave · Matt Huang

Paradigm founders Fred Ehrsam and Matt Huang

UpOnly · Fred Ehrsam

Images

Paradigm photoParadigm photoParadigm photoParadigm photoParadigm photoParadigm photo

Co-investors · 126

$100K – $10M
$500K – $50M
Pantera Capital

Both backed Coinbase · Amber Group · ATOM · Bitso +7 more

$5M – $100M
Sequoia Capital

Both backed Catena · Catena Labs · Harmonic · Kalshi +6 more

$4.4M – $214M
$1M – $20M
$1M – $100M
Kindred Ventures

Both backed Coinbase · dYdX · Magic Eden · o1Labs +2 more

$250K – $2M
Index Ventures

Both backed Fireblocks · Harmonic · Argent · Linktree +1 more

$540K – $10.8M
$100K – $15M
Hack VC

Both backed Across DeFi Seed · Agora · Gauntlet · N3XT +1 more

$3M
$100K – $10M
114 more co-investors

Coatue ManagementUnion Square Ventures (USV)Tiger Global ManagementAbstractGeneral CatalystCaffeinated CapitalThrive CapitalBlockchain CapitalDragonfly9Yards CapitalParaFi CapitalFounders FundGreylock PartnersMenlo VenturesTodd and Rahul’s Angel FundShrug CapitalAglae VenturesAccelKhosla VenturesTechstarsLong Journey VenturesDCVC (Data Collective)Innovation EndeavorsSouth Park CommonsWingEclipse VenturesStandard CapitalTenaya CapitalPolychain CapitalK2 GlobalTrust FundMVP VenturesAsymmetricCompoundAngel Collective Opportunity FundKR1GV (Google Ventures)Craft VenturesNew Enterprise Associates (NEA)Uncork CapitalFJ LabsUnknown VenturesFoundation CapitalGreat Oaks Venture CapitalCanaan PartnersC2 InvestmentsPrecursor VenturesHeadlineFlybridge Capital PartnersStellar CapitalAdditionAmplify PartnersResolute VenturesIA Ventures8VCBuckley Ventures Management Company LlcNot Boring CapitalPear VCKortschak Investments L.P.Vibe CapitalCyberstartsGeneral PartnershipUnusual VenturesAwesome People VenturesGeneral AtlanticSaga VenturesKearny JacksonBrainchild HoldingsMoxxie Ventures8-Bit CapitalARCH Venture PartnersShaan All AccessHeartcore CapitalPolygonFf Venture CapitalLocus VenturesOyster VenturesHouseYes VC305 VenturesBasementGraph VenturesAdverb VenturesConvictionScalar CapitalVenture HighwayAthletico VenturesWormhole CapitalConversion CapitalCorrelation VenturesVerified CapitalEvolution Equity PartnersColor CapitalSID Venture PartnersLudlow VenturesAnti8090 IndustriesDeerfield Management CompanyCambrian VenturesPositive Sum CapitalRebel FundKrillion VenturesPTC PolymarketSignal Peak VenturesTunitas VenturesDrummond Road CapitalGround Up VenturesTreble CapitalProton EnterprisesRomulus CapitalPronomos CapitalTriplePoint CapitalEMERGENT VENTURESFlight Ventures

Firms observed investing alongside Paradigm, from public investor directories. Shared companies are the overlap with Paradigm's recorded portfolio.

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