How many investments has Paradigm made?

Paradigm has 179 tracked investments, 7 of which have exited, including 53 dated in the last 24 months.

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.

Who does Paradigm co-invest with?

Paradigm most often shares deals with Coinbase Ventures, Andreessen Horowitz, a16z crypto, among 365 tracked co-investors.

Paradigm

Venture capitalActively deployingoperating company · company profile

San Francisco · Pre-Seed–Late Stage · 31 people tracked

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

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Find your way into Paradigm

3,323 people in our graph share verified history with the Paradigm team — schools, employers, funds. One of them is your warm intro.

Laura Buhlerunlockedknows Matt Huang · together at Stripe (overlapped)

knows the team · via Twitter

×5knows the team · via Goldman Sachs

knows the team · via Stripe

knows the team · via Coinbase

×2knows the team · via Harvard University

✨ Fox Verdict

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 Learning Crypto & Web3 Deep Tech Robotics Asia-Pacific Denmark Europe Grand Cayman India Mexico San Francisco Singapore Switzerland United Kingdom United States

Source: firm website, verified Sep 15, 2026.

Stage

Pre-Seed–Late Stage

Check

$1M – $100M

San Francisco, CA, US

Leads rounds

Follows

Instruments

Equity

Founded

2018

Last 12 months

30 investments

AUM

$11.9B

Tracked investments

179

Team · 31 people

from the firm's website & curated & public directories

Fred Ehrsam· Co-Founder & Senior Advisor· San Francisco, CAin 𝕏

Fred Ehrsam co-founded Coinbase and later Paradigm, the crypto investment firm he started with Matt Huang in 2018. He stepped back from Paradigm's day-to-day management in 2023 and now serves as its senior advisor while running Nudge, the neurotechnology startup he founded to build non-invasive brain interfaces using focused ultrasound.

f•••@paradigm.xyzreveal

Matt Huang· Co-Founder & Managing Partner· San Francisco, CAin 𝕏

Matt Huang co-founded Paradigm with Fred Ehrsam in 2018 and leads the firm as its sole managing partner, building one of the largest investment platforms dedicated to crypto and frontier technology. A former Sequoia partner who made an early personal investment in ByteDance, he has steered Paradigm's positions in Uniswap, Optimism and other core crypto infrastructure.

m•••@paradigm.xyzreveal

Frankie· General Partner

General Partner at Paradigm working on the investing and research team. Formerly a machine learning engineer building deep learning models and infrastructure for fraud detection; holds a B.S. in computer science and mathematical economics from the University of Pennsylvania.

Georgios Konstantopoulos· General Partner & CTO· Washington DC-Baltimore Areain

Chief Technology Officer and General Partner at Paradigm, and CTO of Tempo, a payments network co-founded by Paradigm and Stripe. He leads Paradigm's open source strategy and invests in founders building with frontier technology; he previously worked as an independent consultant and researcher in cryptography, information security, and mechanism design, and holds an M.Eng. in Electrical & Computer Engineering from Aristotle University of Thessaloniki.

g•••@paradigm.xyzreveal

Reena Jashnani-Slusarz· General Partner

Alpin Yukseloglu· Partner, Investing & Research· San Francisco Bay Areain

Partner at Paradigm who has built infrastructure for consensus protocols, contributed to finding and fixing over $1B in open-source security vulnerabilities, and conducted ML research in collaboration with companies like OpenAI. Holds degrees in Electrical Engineering, Computer Science, and Business Administration from UC Berkeley.

Arjun Balaji· Partner· San Francisco, Californiain 𝕏

Arjun Balaji is a Partner at Paradigm working on investing and research. He was previously an independent consultant and engineer in crypto and physical infrastructure, and holds a B.S. in Computer Science and Neuroscience from Northeastern University.

Daniel Robinson· General Partner· San Francisco, Californiain

General Partner at Paradigm focused on research, with a background as a software engineer and protocol researcher working on programming languages, compilers, and market/mechanism design. Previously a litigation attorney at Paul, Weiss; holds a J.D. from Harvard Law School and an A.B. from Harvard University.

d•••@paradigm.xyzreveal

Ricardo de Arruda· Partner, Investing & Research· United Statesin

Partner at Paradigm focused on investing and research. Previously a data scientist at Allium working on petabyte-scale data infrastructure and fraud detection, and earlier a quantitative developer at macro hedge funds. Studied computer engineering and economics before leaving university.

Storm Slivkoff· Research Partner· Berkeley, California, United Statesin

Research Partner at Paradigm focused on data science and data engineering, building open-source tools and conducting research on decentralized systems, optimization, and prediction markets. Holds a Ph.D. in neuroscience from UC Berkeley and undergraduate degrees in bioengineering and applied math from Rice University.

Alana Palmedo· Managing Partner· San Francisco, Californiain 𝕏

Managing Partner at Paradigm who joined at the firm's founding and co-leads its investing, research, and management efforts alongside Matt. She serves on the CFTC Innovation Advisory Committee and the boards of Crown and True Anomaly (Observer), with 20 years of asset management experience from Cascade Investments, Russell Investments, and Boston University. She holds an MBA from MIT Sloan and a B.S. in Finance from Pacific Lutheran University.

a•••@paradigm.xyzreveal

Alex Grieve· VP of Government Affairs· Washington DC-Baltimore Areain

Alex Grieve leads government affairs at Paradigm. He previously was VP at Tiger Hill Partners running its crypto practice, served as the Republican government affairs lead at DTCC, and was an aide to Speaker John Boehner. He holds an MBA from Yale School of Management and a B.A. from Colgate University.

Alex Popescu· Chief Compliance Officer· United Statesin

Alex Popescu is Chief Compliance Officer at Paradigm. He previously spent fourteen years in legal and compliance roles at Fortress Investment Group, most recently as Director of Compliance for its Credit and Real Estate business. He holds a J.D. from Brooklyn Law School and a B.A. from Columbia University.

Ben Hinshaw· Deputy General Counsel· San Francisco, California, United Statesin

Deputy General Counsel at Paradigm who began his legal career at Gunderson Dettmer advising venture-backed tech companies and VC firms, and previously served as Associate General Counsel at Khosla Ventures. He also founded Willow Labs, a wildfire analytics platform, and holds a B.A. and J.D. from UC Berkeley.

Chris Kraeuter· Head of Communications· San Francisco, California, United Statesin 𝕏

Chris Kraeuter leads communications at Paradigm, having previously handled communications at the Solana Foundation, advised the Ethereum Foundation, and led financial communications at Intel. Earlier he worked with Slack, Meta, and venture firms including Accel, KKR, and a16z, and began his career as a business journalist.

Ciamac Moallemi· Research Advisor· New York, New York, United Statesin

Dan McCarthy· Head of Talent

Dan McCarthy leads talent at Paradigm, helping portfolio companies build teams. He previously recruited at Google, was Clever's first recruiter and later head of talent, and led Lime's executive recruiting across San Francisco and Shenzhen. He holds a B.A. in Political Science from Stanford.

David Swain· Chief Marketing Officer· San Francisco Bay Areain 𝕏

David Swain is Chief Marketing Officer at Paradigm. He previously served as VP of Partnerships and Content Strategy at Strava, joining via the acquisition of Prokit, which he co-founded and led as CEO, and spent nearly a decade in leadership roles at Meta including Head of Global Communications for Instagram.

Dominique Little· Government Affairs Lead· Washington, District of Columbia, United Statesin

Dominique Little leads government affairs at Paradigm, focusing on policy around digital assets. She previously worked for U.S. Senator Cory Booker as a Legislative Correspondent covering technology and telecommunications, and holds a B.A. in Political Science from Rutgers University-New Brunswick.

Jordan Qualls· Chief Financial Officer· San Francisco, California, United Statesin

Jordan Qualls is Paradigm's CFO, having previously served as the firm's Controller and as VP of Finance & Operations at UP Partners. He spent nearly a decade at PwC in Capital Markets and Asset Management, is a California CPA, and holds a B.S. in Economics & Accounting from UC Santa Barbara.

Josie Franciose McGuinn· Head of Events· San Francisco, California, United Statesin 𝕏

Josie leads internal and external events at Paradigm. She previously spent over 15 years as Director of Events at the Sundance Institute and holds a B.A. in Marketing Communications and Public Relations from California Lutheran University.

Justin Slaughter· VP of Regulatory Affairs· Washington, District of Columbia, United Statesin

Justin Slaughter leads regulatory affairs at Paradigm. He previously served in senior roles at the SEC and CFTC, as General Counsel to Senator Edward J. Markey, and as a consultant advising crypto, fintech, and frontier tech startups. He holds a B.A. from Columbia and a J.D. from Yale Law School.

Katie Biber· Chief Operating Officer· San Francisco Bay Areain

Katie Biber is COO at Paradigm, having joined in 2022 as Chief Legal Officer, a role she held until 2026. She previously served as General Counsel at Anchorage, CLO at Brex, and Senior Counsel at Airbnb, and began her career as a campaign finance and First Amendment lawyer. She holds a J.D. from Harvard Law School and a B.A. from George Washington University.

Laura Tse· VP of Finance· United Statesin

Laura Tse serves as VP of Finance at Paradigm, having previously managed funds and finance teams at Norwest Venture Partners, NextWorld, and Decheng Capital. She holds a B.S. in Finance and a Master's in Accounting.

Lindsay Slocum· Investor Relations Lead· San Francisco Bay Areain 𝕏

Lindsay Slocum joined Paradigm in 2020 as an Investor Relations Lead, handling investor correspondence, business development, and fundraising support. She previously worked as a Finance Manager and Associate at the firm, and earlier was a Deals Senior Associate at PwC. She holds a B.A. in Economics & Accounting from Claremont McKenna College.

Pam Tholen· Head of Investor Relations· United Statesin

Pam Tholen leads Paradigm's investor relations, business development, and LP engagement. She previously spent 12 years at KKR (most recently as Head of New Business Development) and five years at Bridgewater Associates, and began her career in M&A investment banking at Lehman Brothers.

Rama Somayajula· Head of Trading· New York City Metropolitan Areain

Head of Trading at Paradigm who previously traded crypto derivatives at FalconX, worked as a quantitative trader at Blockchain.com, and started his career at Citadel Securities. He holds computer science and business administration degrees from the University of Michigan.

Stefan Schropp· Senior Regulatory Counsel· Washington, District of Columbia, United Statesin

Senior Regulatory Counsel at Paradigm who previously spent nine years as a litigator in Ropes & Gray's litigation group focusing on M&A, securities, and crypto matters. He earlier clerked for the U.S. Court of Appeals for the Eleventh Circuit and holds degrees from UNC-Chapel Hill, Queens University, and Yale.

Veit Moeller· VP, Brand & Design· San Francisco Bay Areain 𝕏

Veit Moeller leads brand and design at Paradigm. He previously headed design at OpenAI, was Global Creative Director at Meta working on WhatsApp and Instagram branding, and served as Executive Creative Director at Mercedes-Benz's global agency in Berlin.

Corey Deutsch· Executive Officer

Jordan Kong· Head of Business Operations· San Francisco, Californiain 𝕏

Jordan Kong is Head of Business Operations at Paradigm, where he focuses on funding and incubating startups across AI, B2B SaaS, fintech, crypto, and healthcare sectors at Atomic.

Founder mafia

The Paradigm mafia →

6 people who came through Paradigm went on to found or lead other companies.

Fred EhrsamCo-Founder & Senior AdvisorFounded Nudge +1 Matt HuangCo-Founder & Managing PartnerFounded Paradigm +1 Solal AfotaParadigm FellowFounded Notebook Labs Aman GottumukkalaEngineerFounded Firebender Eric ZhuAnalystFounded Axis Casey CarusoInvestment PartnerFounded Topology

What they invest in

from 140 of 179 portfolio companies

Crypto & Web3 ×80Fintech ×67AI & Machine Learning ×37Enterprise Software ×25Data & Infrastructure ×21SaaS ×19Developer Tools ×15Deep Tech ×11

HQs:United States×62United Kingdom×2Bahrain×1Brazil×1Canada×1Indonesia×1

Who they back

founder profiles across 65 portfolio companies

46%

solo founders

30 of 65 mapped founding teams

69%

repeat founders

of 85 founders with career history

~2 yrs

old at investment

median across 25 dated deals

Founding team size:solo founder×302 founders×233 founders×54+ founders×7

Where their founders studiedfrom 79 founders with education data

Massachusetts Institute of Technology ×6Stanford University ×5Duke University ×4Carnegie Mellon University ×3Harvard University ×3The Johns Hopkins University ×3University of Oxford ×3Arizona State University ×2

What their founders studiedfrom 75 founders with field-of-study data

Computer Science ×39Engineering ×11Economics ×9Business & Management ×6Mathematics & Statistics ×6Finance & Accounting ×5Humanities ×4Physics ×3

Where their founders worked beforefrom 85 founders with career history

Coinbase ×5Uber ×4Citadel ×3Facebook ×3Goldman Sachs ×3Antares Nuclear ×2Check Point Software ×2Credit Suisse ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×5 Techstars ×2

10 founders hold a PhD · 4 hold an MBA (of 83 with degree data)

Investments · 179 tracked

founders shown can be your intro path

By year:2026 · 25 2025 · 26 2024 · 16 2023 · 3 2022 · 15 2021 · 12 2019 · 1 2018 · 1 2017 · 1 2015 · 2102 dated

Coinbasecoinbase.com in 𝕏Nasdaq: 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 & Web3FintechSan Francisco, US

Brian Armstrong(Co-founder & CEO)in Fred Ehrsam(Co-founder)in Emilie Choi(President & COO)in Alesia Haas(Chief Financial Officer)in Paul Grewal(Chief Legal Officer & Secretary)inLawrence (L.J.) Brock(Chief People Officer)

Co-investors1confirmation A.Capital Ventures a16z crypto Acrew Capital Andreessen Horowitz Ansa Capital +54 more

Ginkgo Bioworksginkgo.bio in 𝕏NYSE: DNA

Ginkgo Bioworks builds autonomous labs that accelerate bioengineering for applications in pharmaceutical, agricultural, and industrial biotechnology.

AgTechAI & Machine LearningBiotechDeep TechHealthtechRoboticsBoston, US

Jason Kelly(Co-founder & CEO)in Reshma Shetty(Co-founder, President & Chief Operations Officer)inBarry Canton(Foundry Technology Strategy & Direction)inAustin Che(Strategic Partnerships & Investments)inTom Knight(Founder, Ginkgo Fellow)

BoardReshma Sohoni

Co-investors11.2 Capital Allen Institute for AI (AI2) Incubator B3 Holding Cannage Capital Cool Climate Collective DCVC (Data Collective)+21 more

GTEgte.xyz 𝕏✓ 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 & Web3FintechNew York City, US

Matteo Lunghi(Founder)

Co-investorsRobot Ventures Big Brain Holdings Maven 11 MITON MitonC Wintermute

Phantomphantom.com in 𝕏✓ verified

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

ConsumerCrypto & Web3Fintech

Brandon Millman(Founder)inFrancesco Agosti(Founder)in

Co-investorsSequoia Capital Jump Capital a16z crypto Andreessen Horowitz Designer Fund Kindred Ventures +5 more

Tempotempo.xyz in 𝕏✓ 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

Co-investorsSV Angel General Catalyst Greenoaks Stripe Thrive Capital

3Jane3jane.xyz 𝕏Jun 2026 · $5.2M

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

Co-investorsBreed

Across DeFi Seedacross.to 𝕏Mar 2025 · $41M

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

Crypto & Web3Fintech

Hart Lambur(Founder)in

Co-investorsBlockchain Capital Coinbase Ventures Hack VC Sina Habibian YAP Capital Espresso Systems

Agoraagora.xyz 𝕏Jul 2025 · $50M

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

Crypto & Web3GovTech

Yitong Zhang(Founder)Jarrah Kandeh(Founder)inNick van Eck(CEO)in

Co-investorsAleph AlphaLab Capital Caladan Dragonfly Hack VC Haun Ventures +6 more

Agora Financeagora.finance in 𝕏Jul 2025 · $50M

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

Crypto & Web3Enterprise SoftwareFintech

Nick van Eck(Founder & CEO)in

Co-investorsBitDAO Breed Flowdesk General Catalyst Mantle Network Mirana Ventures +3 more

AI Arenaaiarena.io inSeed · Oct 2021 · $5M

AI Arena is a player-vs-player fighting game by ArenaX Labs in which players train AI characters that battle autonomously.

Co-investorsSevenX Ventures

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 & Web3FintechSingapore, SG

Wayne Huo(Founder)Michael Wu(Co-Founder and CEO)

Co-investorsBase Partners Coinbase Ventures DCM Ventures Digital Finance Group Dragonfly Fenbushi Capital +5 more

Andromedaandromeda.ai 𝕏Mar 2026 · $60M

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

Co-investorsForerunner Ventures Artesian NFDG Purpose Ventures Rethink Impact Startmate

Andromedaandromeda.usMar 2026 · $60M

Andromeda builds a "digital knowledge twin" that turns technical manuals, service records, and institutional knowledge into a knowledge graph, using AI to deliver source-traced diagnoses and troubleshooting answers for equipment-intensive operations.

Advanced ManufacturingAI & Machine LearningEnterprise Software

Manish Modh(Founder)in

Co-investorsCapital Factory The Veteran Fund Artesian Forerunner Ventures NFDG Purpose Ventures +2 more

Antaresantaresindustries.com in 𝕏Series C · Jul 2026 · $370M

Antares Industries develops nuclear reactor technology, with teams spanning nuclear, reactor hardware, and mission engineering as well as manufacturing and regulatory operations.

Advanced ManufacturingCleantechDeep TechDefense TechEnergyParker, US

Jordan Bramble(Founder)inJulia DeWahl(Founder)in Rian Bahran(Chief Nuclear Officer)inMark Massie(Chief Engineer)inDONALD G MACK(Executive Officer, Director)

Co-investorsAtacama Ventures Balerion Space Ventures BoxGroup Caffeinated Capital Humba Ventures Industrious Ventures +8 more

Argentargent.xyz in 𝕏Apr 2022 · $40M

A consumer card program where members pick a community (such as a sports team) and earn points and a share of revenue for that community on everyday purchases like groceries, coffee, and games.

ConsumerFintech

Co-investorsIndex Ventures Metaplanet Animoca Brands Creandum Fabric Ventures Jump Crypto +3 more

ATOMcosmos.network in 𝕏Nov 2015

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

Hunter Rosenblume(Chief Executive Officer, President, Treasurer and Secretary)Saie Rohith Varanasi(Chief Technology Officer)

Co-investors1confirmation Big Candle Capital Bollinger Investment Group Continue Capital DeepTech Ventures Digital Finance Group +10 more

Axieaxieinfinity.comJun 2022

Axie Infinity is a blockchain-based, NFT creature-battling game developed by Vietnam-based game studio Sky Mavis.

Trung Nguyen(Founder)in

Co-investorsAU21 Capital DeepTech Ventures DeFiance Capital Moonhill Capital Pantera Capital Raptor Group +12 more

Axiomaxiom.xyz 𝕏

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

Crypto & Web3Developer Tools

Co-investorsLiam Horne Standard Crypto Zero Knowledge Validator (ZKV)Menlo Ventures

Aztecaztec.network 𝕏

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 & Web3CybersecurityDeveloper ToolsLondon, GB

Zac Thomas Pocock(Founding CEO)in Zachary Williamson(Founding CTO & Current CEO)in Arnaud Schenk(Cofounder)inJoe Andrews(Cofounder & Head of Product)in

Co-investorsA.Capital Ventures a16z crypto Andreessen Horowitz Coinbase Ventures ConsenSys Mesh Entrepreneur First +8 more

Babylonbabylonlabs.io in 𝕏May 2024 · $70M

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 & Web3Fintech

Fisher Yu(Founder)in

Co-investorsa16z crypto Alumni Ventures Andreessen Horowitz Basecamp Fund Bloccelerate VC Breyer Capital +9 more

Babylon Biosciencesbabylon.bio inMay 2024 · $70M

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

Digital HealthHealthtechMedical Devices

BoardMichelle Arkin(PhD)

Co-investorsBackwards Capital K5 Global Launch House Long Journey Ventures Lux Capital Metaplanet +1 more

Banklessbankless.com in 𝕏Oct 2025 · $300M

Bankless is a global community providing educational content and resources to help users navigate and understand cryptocurrency and blockchain technology.

Crypto & Web3Media & Entertainment

Co-investorsBankless Ventures Coinbase Ventures Andreessen Horowitz Bain Capital Crypto Brevan Howard Digital CapitalG +6 more

BetDEXbetdex.comSeed · Nov 2021 · $21M

BetDEX is a Solana-based decentralised sports betting exchange founded by former FanDuel executives.

Claymont, US

Nigel Eccles(Director)Varun Sudhakar(Executive Officer, Director)

Co-investors6th Man Ventures Lightspeed Venture Partners Mantis Capital Multicoin Capital Ryze Labs Everblue Management +2 more

Bitsobitso.com in 𝕏

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)in Ben Peters(Founder)in

Co-investors1Sharpe Ventures Blockchain Coinvestors Coatue Management Coinbase Ventures Cometa Digital Currency Group +15 more

Blastblast.io 𝕏Jul 2015

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)

BoardMargo Walton(Director)

Co-investorsStandard Crypto Bpifrance Expansion Venture Capital Manifold Ventures

Blitmapblitmap.com 𝕏

Blitmap is an open source, community-created sci-fantasy art universe set in the fictional world of Caelum, spanning digital and physical art collectibles, comic books, stories, clothing, and toys.

Creator EconomyCrypto & Web3Media & Entertainment

Christopher Supino(Founder)in

Co-investorsWWVentures

Blowfishblowfish.xyz 𝕏Sep 2022 · $11.8MAcquired

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

Crypto & Web3Cybersecurity

Co-investorsDragonfly 0x Labs Caffeinated Capital Uniswap Labs Ventures

Blurblur.io 𝕏Nov 2023 · $20M

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

Crypto & Web3Marketplaces

Co-investorsCollab+Currency Narcissus Ventures Standard Crypto

Catenacatena-nano.com inJun 2026 · $30M

The page is a blog post offering beginner tips for planning a first concrete pour, covering site preparation, forming, finishing, and curing.

Construction Tech

Co-investorsElevate Ventures a16z crypto Acrew Capital Breyer Capital General Catalyst Multicoin Capital +3 more

Catena Labscatena.com in 𝕏Jun 2026 · $30M

Catena is building a financial institution for AI agents, combining a technology platform with a national trust bank that lets agents transact under human-defined policies with deterministic policy enforcement, audit trails, and verifiable agent identity.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintech

Sean Neville(CEO, Founder)in Matt Venables(CTO, Founder)in

Co-investorsAcrew Capital Breyer Capital Coinbase Ventures Oak HC/FT Pillar VC QED Investors +4 more

Catena Labscatenalabs.com in 𝕏Jun 2026 · $30M

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)in Matt Venables(CTO)in

Co-investorsa16z crypto Andreessen Horowitz Acrew Capital Multicoin Capital Robot Ventures Sequoia Capital

Chai Discoverychaidiscovery.comSeries A · Aug 2025 · $70M

Chai Discovery builds a computer-aided design suite using artificial intelligence to design new molecules and drugs.

AI & Machine LearningBiotechDeep TechSan Francisco, US

Joshua Meier(Founder & CEO)inJack Dent(Founder)in

Co-investorsAmplify Partners Avenir Growth Capital Bain Capital Ventures Battery Ventures DCVC (Data Collective)General Catalyst +13 more

Chainalysischainalysis.com in 𝕏Mar 2021 · $170M

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

AI & Machine LearningCrypto & Web3CybersecurityData & InfrastructureFintechNew York, US

Jonathan Levin(Co-founder and Chief Executive Officer)inMichael Gronager(Co-founder; former Chief Executive Officer and board-level leader)inJan Møller(Co-founder and scientific/engineering leader)inRakib Azad(Executive Officer)in

Board Philippe Botteri(Director)in Sarah Tavel(Director)in

Co-investorsAccel Addition AlbionVC Archetype Blackstone BNY Mellon +26 more

Citadel Securitiescitadelsecurities.comJan 2022

Citadel Securities is a Miami-based global market maker providing liquidity and trade execution in equities, options, fixed income and FX.

Peng Zhao in

Co-investorsSequoia Capital

Code4rena Decentralized audit competitionscode4rena.com 𝕏Defunct

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

Crypto & Web3Cybersecurity

Co-investors1k(x)1kx Nascent

Compoundcompound.finance

Compound is an Ethereum smart-contract protocol for supplying and borrowing crypto assets at algorithmically set interest rates.

Geoffrey Hayes(Founder)Robert Leshner(Founder)

Co-investorsa16z crypto Abstract Ventures Andreessen Horowitz Big Candle Capital BitDAO Chapter One +9 more

Conduithelloconduit.com inJun 2024 · $37M

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

Co-investorsY Combinator Drive Capital Eniac Ventures Haun Ventures Innovation Endeavors Twelve Below

Conduitconduit.ai in 𝕏Jun 2024 · $37M

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)in Punn Kam(Founder)in

Co-investorsPi Labs Y Combinator Drive Capital Eniac Ventures Haun Ventures Innovation Endeavors +1 more

Conduitconduit.financial in 𝕏Jun 2024 · $37M

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)Kirill Gertman(Founder)in

Co-investorsCore Venture Capital Gradient Ventures Inovia Capital Coinbase Ventures Drive Capital Eniac Ventures +5 more

Conduitconduit.app inJun 2024 · $37M

Conduit provides AI agents for hospitality brands that handle guest communication across email, WhatsApp, OTAs, social channels, and phone calls, and automate internal operations across a company's existing tools.

AI & Machine LearningSaaSTravel & Hospitality

Cole R.(Founder)in

Co-investorsTranspose Platform Management Unpopular Ventures Y Combinator Hack VC Pi Labs Altos Ventures +8 more

Conduitconduit.xyz in 𝕏Jun 2024 · $37M

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

Crypto & Web3Enterprise SoftwareFintech

Co-investorsCoinbase Ventures Haun Ventures Liam Horne Scott Sunarto Drive Capital Eniac Ventures +3 more

Conduitcondu.itJun 2024 · $37M

Conduit builds non-invasive brain-to-computer interface technology, including a thought-to-text system where a headset completes a user's sentences from their thoughts.

AI & Machine LearningDeep TechHardwareSan Francisco, US

Clem von Stengel(Founder)in Rio Popper(Founder)in

Co-investorsTranspose Platform Management Wonder Ventures Bankless Ventures Coinbase Ventures Credibly Neutral Dragonfly +7 more

Conduitconduitpay.com in 𝕏Jun 2024 · $37M

Conduit provides payment infrastructure for fast, cross-border global transactions.

Developer ToolsFintechSaaS

Kirill Gertman(Founder)in

Co-investorsCommerce Ventures Diagram Helios Digital Ventures Altos Ventures Bankless Ventures Coinbase Ventures +8 more

Crownbrl.xyz in

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)

Co-investorsNorte Ventures Valor Capital Group

D3d3.inc inJan 2025 · $25M

D3 Global is building DomainFi infrastructure, tokenizing DNS domains as on-chain real-world assets via its Doma Protocol blockchain.

Fred Hsu(Founder)in

Co-investorsCoinbase Ventures Maelstrom Nonagon

Deploydeploy.coJul 2026

The page describes a partnership between BBVA and OpenAI to deploy ChatGPT Enterprise across the bank, expanding to 120,000 employees in 25 countries to support employee workflows, decision making, and customer experiences.

AI & Machine LearningEnterprise SoftwareFintech

Co-investorsB Capital Group B4 Capital Caffeinated Capital Kakao Ventures Schmidt Team8

Deworkdework.xyz 𝕏Jun 2022

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.inc 𝕏Sep 2025 · $6.6M

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

Crypto & Web3Fintech

Co-investorsNascent

Domadomahome.com inJan 2025 · $25M

Doma builds smart-home products focused on the front door, combining architectural design with adaptive intelligence for residential use.

ConsumerHardwareIoTPropTech

Jason Johnson(Co-founder)inYves Behar(Co-founder)

Co-investorsTau Ventures Coinbase Ventures

Dot Productdotproduct.xyzSeed · Jan 2025 · $6M

Co-investorsIndex Ventures

dYdXdydx.exchange in 𝕏Dec 2017

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

Crypto & Web3FintechSan Francisco, US

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

Co-investors1confirmation a16z crypto Abstract Ventures Andreessen Horowitz BR Capital DeFiance Capital +8 more

dYdXdydx.xyz in 𝕏

dYdX is a decentralized cryptocurrency exchange offering spot and derivatives trading with features including deep liquidity, advanced order types, and instant market listings.

Crypto & Web3FintechNew York City, US

Antonio Juliano(Founder)in Charles d'Haussy in

Co-investorsElectric Capital Andreessen Horowitz DeFiance Capital

El Doradoeldorado.io in 𝕏Jun 2026 · $9M

El Dorado is a financial SuperApp built for Latin America, offering USD accounts, currency exchange/P2P, a card, crypto, and yield ("Earn") through a set of miniapps.

Crypto & Web3Fintech

Guillermo Goncalvez(Founder)in

Co-investorsCoinbase Ventures Multicoin Capital Flori Ventures

Electric Capitalelectriccapital.com in 𝕏Sep 2025

Electric Capital is a venture capital firm whose portfolio page lists its investments across crypto, blockchain infrastructure, and AI companies.

Crypto & Web3

Curtis Spencer(Founder)in

Co-investorsMaC Venture Capital

Ellipsis Labsellipsislabs.xyz in 𝕏

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

Jarry Xiao(Founder)in

Co-investorsElectric Capital Haun Ventures

Etherealizeetherealize.com in 𝕏Sep 2025 · $40M

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

Co-investorsElectric Capital Sina Habibian

Euler Labseuler.finance in 𝕏

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

Co-investorsCoinbase Ventures Equilibrium Ventures Haun Ventures Lemniscap Tq Ventures Llc Wintermute +1 more

Exponentialexponential.fiOct 2022 · $14M

Exponential.fi is a San Francisco-based DeFi platform for discovering, risk-assessing and investing in crypto liquidity pools.

Co-investorsLaunchpad Capital Norwest Venture Partners Scribble Ventures

Fireblocks surveyfireblocks.com in 𝕏

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)inPavel Berengoltz(Chief Technology Officer, Co-Founder)inIdan Ofrat(Chief Product Officer, Co-Founder)in

Co-investorsCanapi Ventures CapitalG Coatue Management Digital Currency Group General Atlantic Haun Ventures +12 more

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

Co-investorsBig Brain Holdings BlueYard Capital Dragonfly Ethereal Ventures Management Ltd.Fabric Ventures Faction +12 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Antares NuclearArcadia MedicineCoinSwitchCompound Labs Divine ResearchHypeInventexM1X GlobalPhantom Technologies

Exits · 7

2 IPOs · 5 acquisitions · showing 3

CoinbaseNasdaq: COINGinkgo BioworksNYSE: DNATagomiacq. by Coinbase

Portfolio news

latest coverage across their companies

AXS this week: +3% in seven days, negative funding on perps | ZIPMEX

Axie · zipmex.com · Sep 8, 2026

El Dorado Wins Board, A&P commission to meet Tuesday | El Dorado News

El Dorado · eldoradonews.com · Sep 7, 2026

$320 million bitcoin exploit hits Liquid Network. Hacker makes conditional offer

Liquid · coindesk.com · Sep 7, 2026

Bybit Pay integrates Mesh for direct crypto payments

Mesh · crypto.news · Sep 3, 2026

Shadow Lenders in India Set to Raise Rs 10,000 Crore Through Bonds Amid Rising Costs, ETBFSI

Shadow · bfsi.economictimes.indiatimes.com · Sep 2, 2026

Re-Vana Therapeutics raises $11.9 million in Series A financing for development of ophthalmic therapeutics | Eye Care Network - Ophthalmology Times

Vana · ophthalmologytimes.com · Sep 1, 2026

Cantor Fitzgerald raises Coinbase stock price target on crypto momentum By Investing.com

Coinbase · investing.com · Aug 31, 2026

What Is Mesh (MeshPay)? Crypto Payments Network | Support

Mesh · eco.com · Aug 25, 2026

Frequently asked questions

How many investments has Paradigm made?: Paradigm has 179 tracked investments, 7 of which have exited, including 53 dated in the last 24 months.
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.
Who does Paradigm co-invest with?: Paradigm most often shares deals with Coinbase Ventures, Andreessen Horowitz, a16z crypto, among 365 tracked co-investors.

From the blog

visit blog ↗

Announcing Our Fourth FundJul 2026Paradigm raised $1.2B for its fourth fund to invest in ambitious builders across crypto, AI, robotics, and other frontiers, backing founders building autonomous vehicles, prediction markets, stablecoins, and infrastructure tools. published_date: Introducing the 2026 Paradigm FellowshipApr 2026Paradigm is accepting applications for its fourth annual fellowship hosting approximately 30 technical builders across frontiers like crypto, AI, and robotics for four days in Northern California in August. published_date: Introducing EVMbenchFeb 2026Paradigm and OpenAI built EVMbench, an open evaluation framework measuring AI agents' ability to detect, patch, and exploit smart contract vulnerabilities using real vulnerabilities and custom tasks. published_date:

Media · Podcasts & interviews

featuring the team

Georgios Konstantopoulos en X: "Frontiers by @Paradigm returns to San Francisco on October 12-14, 2026! Frontiers is our intense annual conference & hackathon for those beyond the edge. No booths, no sponsors, curated audience, stablecoins, ai, robotics, post-quantum cryptography and more. Apply

Georgios Konstantopoulos · x.com

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

NoirHack Interview - Georgios Konstantopoulos, GP/CTO @ Paradigm

Aztec Network · Georgios Konstantopoulos

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

Bankless · Dan Robinson

Fred Ehrsam: From Coinbase to Paradigm

@How-I-Got-Rich1 · Fred Ehrsam

Georgios Konstantopoulos I The Future of UX with Paradigm I Pragma Bangkok 2024

ETHGlobal · Georgios Konstantopoulos

Images

Co-investors · 128

Coinbase Ventures

Coinbase Ventures is the venture investment arm of Coinbase that backs early-stage founders building across the crypto and Web3 ecosystem.

$100K – $10M

Andreessen Horowitz

Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.

$500K – $50M

Sequoia Capital

Sequoia Capital is a venture capital firm that partners with founders to build technology companies.

Both backed · 19

Bankless Catena Catena Labs Chai Discovery Citadel Securities FTX Harmonic iubenda Kalshi Magic Eden Parallel Phantom Phantom Technologies Privy Revolut Send Cut Send Stripe Tempo Zipline

$4.4M – $214M

Pantera Capital

Pantera Capital is a blockchain and cryptocurrency-focused investment firm that pioneered early crypto funds in the U.S., offering exposure through venture equity, early-stage tokens, and liquid tokens.

Both backed · 14

Coinbase Amber Group ATOM Axie Bankless Bitso dYdX Flashbots MEV R&D Jambo Morpho Labs Reflexer Labs Starkware Tagomi Uniswap

$5M – $100M

Electric Capital

Electric Capital is an early-stage venture firm founded in 2018 that backs founders building trust-minimized technologies across AI, crypto, fintech, and related sectors.

Both backed · 12

dYdX Ellipsis Labs Etherealize Genesis Digital Assets Gitcoin Kuru Magic Eden Monad Osmosis Leading Cosmos DEX Privy Shadow Spacemesh

$1M – $20M

Haun Ventures

Haun Ventures backs founders building the future of finance, investing from seed to scale in teams applying decentralized technology to reshape the global economy.

Both backed · 12

Agora Bankless Chainalysis Conduit Ellipsis Labs Euler Labs Fireblocks survey Liquid Merkle Manufactory, Inc.OpenSea Taxbit Private Zora

$1M – $100M

Dragonfly

Dragonfly is a crypto-focused investment firm comprising Dragonfly Ventures, Dragonfly Liquid, and Metastable, an early crypto hedge fund it acquired. It invests in and researches blockchain, tokens, and crypto companies.

Both backed · 12

Agora Amber Group ATOM Blowfish Compound Labs Conduit dYdX Flashbots MEV R&D Gauntlet Lido Finance Monad Starkware

$3M – $30M

Coatue Management

Coatue Management is a technology-focused investment firm that invests in innovation across both public and private markets with responsible risk management.

Both backed · 11

Bankless Bitso Chainalysis Fireblocks survey Kalshi Lightspark Moonpay OpenSea Revolut Starkware Stripe

$1M – $20M

Ribbit Capital

Ribbit Capital is a venture firm that partners with founders challenging incumbents across areas such as AI, global commerce, infrastructure, wealth management, money movement, identity, data, and energy, with a strong emphasis on brand-building.

Both backed · 11

Coinbase Bankless Chainalysis Fireblocks survey Genesis Digital Assets iubenda Morpho Morpho Labs Privy TempoPeepal.co

$100K – $15M

Hack VC

Hack VC is a venture capital firm investing in early-stage crypto, blockchain infrastructure, decentralized finance, and AI companies.

Both backed · 11

Across DeFi Seed Agora Amber Group Babylon BetDEX Conduit Gauntlet Maker N3XT NobleNew York, NY

$3M

General Catalyst

General Catalyst is a venture capital firm operating as a partnership focused on company building and accelerating the growth of the businesses it backs.

Both backed · 7

Agora Finance Catena Chai Discovery Liquid Stripe Tempo The Interaction Company of California

$30M

Index Ventures

Index Ventures is a multi-stage venture capital firm that backs companies from Seed to IPO and beyond, including through its dedicated seed fund Index Origin.

Both backed · 7

Argent Chai Discovery Fireblocks survey Harmonic Parallel RevolutDot Product

$540K – $10.8M

▶116 more co-investors

Tiger Global Management 1confirmation Abstract Ventures Kindred Ventures Union Square Ventures (USV)Archetype Accel Caffeinated Capital Thrive Capital 6th Man Ventures Founders Fund Khosla Ventures Greylock Partners Techstars Menlo Ventures DCVC (Data Collective)Blockchain Capital 9Yards Capital ParaFi Capital Aglae Ventures New Enterprise Associates (NEA)Shrug Capital Compound KR1 GV (Google Ventures)Long Journey Ventures Gradient Ventures Innovation Endeavors Addition Amplify Partners Resolute Ventures South Park Commons Todd and Rahul’s Angel Fund 8VC Vibe Capital Wing Eclipse Ventures General Atlantic Standard Capital Tenaya Capital Polychain Capital K2 Global Trust Fund MVP Ventures Asymmetric Angel Collective Opportunity Fund Pronomos Capital Craft Ventures Uncork Capital FJ Labs Unknown Ventures Foundation Capital Great Oaks Venture Capital Canaan Partners C2 Investments Precursor Ventures Headline Flybridge Capital Partners Stellar Capital IA Ventures Buckley Ventures Management Company Llc Not Boring Capital Pear VC Kortschak Investments L.P.Cyberstarts General Partnership Unusual Ventures Awesome People Ventures Saga Ventures Kearny Jackson Brainchild Holdings Moxxie Ventures 8-Bit Capital ARCH Venture Partners Shaan All Access Heartcore Capital Polygon Ff Venture Capital Locus Ventures Oyster Ventures House Yes VC 305 Ventures Basement Graph Ventures Adverb Ventures Conviction Scalar Capital Venture Highway Athletico Ventures Wormhole Capital Conversion Capital Correlation Ventures Verified Capital Evolution Equity Partners Color Capital SID Venture Partners Ludlow Ventures Anti 8090 Industries Deerfield Management Company Cambrian Ventures Positive Sum Capital Rebel Fund Krillion Ventures PTC Polymarket Signal Peak Ventures Tunitas Ventures Drummond Road Capital Ground Up Ventures Treble Capital Proton Enterprises Romulus Capital TriplePoint Capital EMERGENT VENTURES Flight Ventures

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

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